How can I find cheap motorcycle insurance?


According to statistics, motor bike riders are the motorists exposed to the highest risk of road accidents and suffering some of the most severe injuries. This has made motorcycle insurance companies more alert and stricter in determining insurance premiums for 'two-wheelers'.

Motorcycle insurance premiums are comparatively inexpensive if one has a good driving and riding record, and a modest bike. However, if the biker is under 25 and a fan of sport motorcycles, the rates can be exorbitant. This is so because some of the most severe motorcycle accidents in the country involve young men under age 25 who ride powerful sports bikes. As a rule, the younger you are and the more powerful your motorcycle, the more expensive your bike is to insure.

Tips for Getting the Cheapest Motorcycle Insurance Possible

  • Before making a final decision, make sure you shop around and compare different quotes. You will be surprised at the huge rate variations between different insurance companies. Make sure that the insurer you consider signing a contract with has a good rating. You can check it on the National Association of Insurance Commissioners website.
  • Buy the most complete motorcycle insurance coverage that you can afford, especially if you ride your bike on a regular basis.  It is strongly advisable that you get uninsured/underinsured motorist coverage, collision and comprehensive coverage and third-party liability coverage. Remember all the risks you are exposed to on the road and make sure you are adequately covered by your motorcycle policy.
  • Keep a good driving/riding record if you want to have lower motorcycle insurance premiums. Any accidents or traffic violations you cause will make your premiums skyrocket.
  • When applying for motorcycle insurance, the best thing you can do is raise your deductibles on the collision and comprehensive coverage.
  • Apply all available discounts that you qualify for: taking a safety riding course, for instance, can significantly lower your premiums.
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