Motorbike insurance can get expensive even if the bike itself is only worth a few thousand pounds. As a matter of fact, you could end up paying multiple times more on insurance than the value of the vehicle after a few years. This is why you need to do everything in your power to keep your insurance costs as low as possible.
Because we live in a world where money is needed to survive, Latte Lindsay runs a number of affiliate programmes and offers contributed or partnered content. If you choose to click the links and read the posts, the site may earn a commission or receives a payment. All of the opinions are my own. Opinions expressed here are the author’s alone, not those of any partner brands/company(s), beauty & lifestyle brands, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities unless specified.
Thankfully, this can be done relatively easily if you know how to shop for insurance and understand some of the factors that could affect quotes. Let’s take a look at a few ways to save costs on your motorbike insurance.
Shop Around
One of the first things you should do is find a site that specialises in comparing motorbike insurance quotes. You have services that will allow you to compare the cost of insurance across dozens of insurers and give you a quote right on the spot. These services will even allow you to sign up for your policy without having to leave the website. So, check one of these websites right away and see what kind of deal you can get.
Get the Right Motorbike
The choice of motorbike will also make a big difference. You have to know, however, that there isn’t a consensus on the riskiest bikes in the insurance industry and not as much information on motorbike accidents for insurers to pull from. This means that you could have major discrepancies between insurers when it comes to quotes.
With that being said, there are still rules that apply across the board. A 125cc bike, for instance, will not cost the same to insure as a 700cc or 1200cc bike. We understand that you may not want to go from a 700cc engine to a 125cc one, but if you are thinking of getting a big motorbike with a 1200cc engine, consider going for a 700cc model instead. You will hardly be able to see the difference since you can’t go higher than 70mph in the country anyway, so try to be reasonable here.
Pay Annually
One of the simplest ways to reduce your bike insurance cost is to switch to paying once per year instead of monthly or bi-weekly. You could save well over £100 per year just by making that move, which is pretty significant.
Secure the Bike
The more you do to protect your car from thieves and vandals, the less you can expect to spend on insurance. So, store the vehicle inside if you can and consider adding an alarm or immobiliser. The type of device you use to protect the bike will matter too. Thatcham Category 1 alarms are considered the best and will get you greater savings, so look into them if you want to drive your cost as low as you can.
All of these tips will allow you to save a few pounds or more on your next motorbike insurance policy. Remember to exercise your options and learn as much as you can about the insurance industry before you start shopping and it will help to save costs on motorbike insurance.