It’s the question that every motorbike owner, new or experienced, has probably asked themselves at some point down the line. But how exactly can you make your motorbike insurance cheaper? We’ve looked into some of the key things you can do to save a few pounds when it comes your bike insurance policy:
Go for a smaller or older bike
Motorcycles that are at the older end of the market, or are smaller in size, are normally less powerful, meaning your motorbike insurance premiums are likely to be cheaper. Generally speaking, the less powerful the motorbike, the less likely they’re a danger to you and other road users.
Improve your bike security
If your motorbike is more difficult for thieves to steal, you’re more likely to see a lower insurance quote.
Steps to increase the security of your bike include: Keeping it locked up in a garage, ground anchors, installing a tracker, immobilisers, steering locks… Always check your security measures are valid with your insurance provider, or you might not see any discount.
Take an advanced riding course
The more knowledge and experience you have riding your motorbike on the road, the less likely your motorbike insurance provider will consider you a risk, and you may see a cheaper rate.
Be smart with your mileage
While owning and riding a motorbike is one of the best things in the world, if you ride yours less, you’ll be seen as less of a risk to your insurance provider, which can result in cheaper premiums. Try to estimate your mileage as accurately as you can while filling out your application, but be careful not to overestimate it.
Pay for your policy yearly
Motorbike insurance providers usually offer a lower rate to those that pay for their insurance in one go, rather than paying monthly. This is because you don’t have to pay any interest on your insurance policy. Check this with your provider when getting your quote.
Try to build up your no-claims
Arguably one of the most important factors an insurance provider will take into account when calculating the cost of your insurance is the number of claims-free years you have. In most cases, if you haven’t had to claim for a year or so, you will usually benefit from some form of a no-claims bonus.