Steps to get an affordable motorcycle insurance

How To Get A Cheap Motorcycle Insurance Policy? 8 Smart Ways

Need an affordable motorcycle insurance policy? Follow the below-mentioned steps to get one.

Have you purchased your dream bike?


Now it’s time to secure your beautiful machine because riding without insurance is a punishable offense in most of the US states.

But wait!

Before you get the required coverage for your bike, you should learn how insurance companies decide the rate of your motorcycle insurance policy.

This way, you can get the best and affordable motorcycle insurance coverage for your bike.

In order to get the best and affordable coverage for your motorcycle, you must learn about the factors on the basis of which companies decide the rate for you.

Here are some of those:

Factors that affect your motorcycle insurance rate

Here are 5 factors that play a significant role in determining the rate for your motorcycle insurance policy.

1. Your Motorcycle

If you have an expensive bike, it will cost you more to insure it because the repairing cost for such bikes is high. On the other hand, a basic bike will be cheap to insure.

2. Your Age

Your age is also a deciding factor in determining the insurance rate for your bike.

Generally, the rate goes down with your age and driving experience.

But if you are a new rider, you will be in a higher rate category because you are less experienced and so more risks are associated with you.

3. Your Location

Your motorcycle insurance rate can also fluctuate based on the area where you live.

If you live in an area with a high crime rate, you will likely need to pay a higher amount because the chances of motorcycle theft will be higher in those areas compared to areas with a low crime rate.

4. Your Driving Record

Your driving record is an important factor that insurance companies consider while deciding the rate for you.

If you had an accident before getting the policy, it will count against you and you will get a higher rate.

So it’s always better to keep your driving record clean to get an affordable motorcycle insurance policy.

5. Your Job

The location where you work and park your bike also influences your insurance rate.

For example, if you are a construction worker and park your bike at the construction site, you may have to spend more on your bike’s insurance due to the increased risk of damage.

These are some factors that play a significant role in determining your motorcycle insurance rate.

Now let’s have a look at some ways that can help you to get an affordable motorcycle insurance policy.

8 ways to get an affordable motorcycle insurance policy

These ways will help you to get a cheap motorcycle insurance policy.

1. Shop as much as you can

Insurance rates vary between different insurance companies even when they are operating in the same region.

Try to get a quote from several insurance carriers in your locality to get the best quote possible. This is the easiest way to cut your insurance costs.

2. Enroll in a motorcycle safety course

Get enrolled and complete a motorcycle safety course successfully. Several insurers offer a discount to those riders who completes this course successfully.

If you are a new rider, you should definitely take this course as it will not only save you money on your policy but it will also make you a safe rider.

You can check the list of approved safety courses with the department of motor vehicles.

3. Select the coverage according to your situation

Only get the coverage you need for your bike after analyzing your situation.

For example, if you have an expensive bike, it will be best to choose the collision and comprehensive coverage.

But if you ride a cheap scooter, getting the collision or comprehensive coverage may not be a good idea.

Just make sure that you can afford to repair your bike from your own pocket if it gets damaged in an accident.

4. Keep your motorcycle safe

If you can make your bike safe, you can get a discount from your insurance company.

Try to add safety features like an anti-theft alarm or keep your bike parked in a garage to reduce the chances of theft.

5. Low Mileage

If you keep your mileage low, you can get a discounted rate from your carrier.

If you seldom ride your bike or ride only for pleasure, your insurance company can consider lowering your rate due to low mileage.

6. Choose a higher deductible

Choosing a higher deductible will lower your motorcycle insurance rate.

If you can afford to pay a greater amount before your insurance kicks in, you will have to pay a lower insurance premium.

7. Bundle policies

You can also get affordable motorcycle insurance if you bundle your policy with other policies like auto, home, renters, etc. Many insurance providers offer discounts you get more than 1 policy from the same insurer.

8. Avoid modifying your motorcycle

Modifying your bike parts like the engine or adding a performance or speed-enhancing kit like nitrous oxide can increase your motorcycle insurance cost. Speed increases the risk of accidents. That’s why insurers generally charge more for insuring modified bikes.


Getting an affordable motorcycle insurance is not a hectic process. Take your time and shop around to get the best deal possible.

Also, studying your bike and riding habit will also help you to get a great policy for your motorcycle while saving a good amount of money.

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