9 Ways to Slash the Cost of Motorcycle Insurance

It’s spring, and that means motorcycles across the nation are hitting the open road once again.

If you would rather spend your summers atop a bike, we’ve got some tips for you. Motorcycle insurance is a necessity, but it doesn’t necessarily have to bust your budget.

Here are some tips to keep your costs down:

1. Get a quote from your car insurance company

Man across desk from woman.Antonio Guillem / Shutterstock.com

Before you run out and find a new motorcycle insurance company, start with the one that already has your auto insurance business. Many insurers offer multiple-policy discounts, which means you might get a better deal if you combine a motorcycle policy with your current auto coverage.

2. Shop around for a better deal

Guy looking at two papersAntonio Guillem / Shutterstock.com

After you check with your current insurer, look around. Don’t simply assume your current insurer has the best place to park your coverage.

Instead, take that quote from your existing carrier and compare it with quotes from other companies. Most auto insurance companies offer coverage for motorcycles, and some specialty carriers, such as Rider Insurance, provide bike coverage exclusively.

3. Look for companies that offer the most discounts

Hand with percentage signs.Natali_ Mis / Shutterstock.com

If you want the best price, look for the company that offers the most discounts. These are some common discounts for motorcyclists:

  • Mature rider discount — not necessarily for “old” riders, but for those with several years of riding under their belt.
  • Paid-in-full discount for those who pay their premium in one lump sum.
  • Responsible driver discount for those with no claims.
  • Multibike discount.
  • Anti-lock brake discount.
  • Continuous coverage discount — for those who don’t cancel in the winter, then sign back up in better driving weather.

4. Take a motorcycle safety class

Motorcycle driving among traffic cones.sonsam / Shutterstock.com

One of the best ways to get a discount is to take a motorcycle safety class. Not only will it save you money on insurance now, but it could reap benefits in the long run if it helps you ride better and keep your record claim-free.

For example, Geico offers a 10% discount for those taking a Motorcycle Safety Foundation or Military Safety Course. If you have some free time on your hands, you could double that and become a Motorcycle Safety Foundation instructor, a title that will earn you a 20% discount from Geico.

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