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Young people have to pay a considerably higher rate for their motorcycle insurance than those who have passed 25. It can be difficult for a young person just starting to pay the higher insurance rate.

Fortunately, there are six great ways to lower the rates you pay for your motorcycle insurance. Each method is simple, and the savings will certainly build up over time. You will want to talk to your insurance agent about additional ways to save on your insurance premiums.

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Higher Deductible

The most straightforward of all methods is to increase the amount of the deductible. This is the amount that you pay out of pocket when you file a claim on your policy. For example, a deductible of $500 means you pay that amount out of your pocket before the insurance takes effect to pay the rest. The higher the deductible, the lower rates you pay on your insurance.

Of course, you’ll need that amount handy in your bank account, but the savings can be considerable when you choose the highest deductible level. If you are 21 years old, this is probably the best way to save on motorcycle insurance.

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Driving Safety Course

Young Driver Bike Driving Course

Another way to lower your rates is by taking an approved driving safety course. It will need to be recognized by your insurance company. You can save from 5% to 15% on average with your insurance premiums by taking the course. It only takes a few hours, and such courses are held regularly in or near your community.

In addition, there may be online courses that you might take in addition to the driving safety course. With a recognized defensive driving course, teen bike riders can save a considerable premium.

Lower Powered Motorcycle

Generally speaking, the more powerful the engine, the higher your premiums will be. If you have yet to purchase your motorcycle, consider getting one 125cc or less, as you will pay a noticeably lower rate than one that is more powerful. This is because statistics show that more powerful motorcycles are also more likely to get into accidents.

State Minimum Coverage

If you owned the bike outright and did not take out a loan to make the purchase, you can opt for the state minimum coverage, saving you a considerable amount compared to paying for comprehensive coverage. Remember that the minimum requirement for the state is the liability and perhaps uninsured motorist, which means any damage you cause to your motorcycle in an accident that was your fault will not be covered.

Limited Driving Time

If you only drive your motorcycle during certain times of the year, such as the summer months, you can have your bike insured only for that time.

In many parts of the country, most people do not drive their motorcycles during the late fall, winter, and early months of the spring. By only driving it six months out of the year, you can save a bundle on your insurance.

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Improve Your Credit Score

Insurance companies take your credit score into account when setting premiums. The higher your score, the lower your premiums will be. So, it pays to keep a good credit score, resulting in lower premiums on your insurance.

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Author

Mike Navarette has more than a decade of experience in the auto insurance industry, but that's not his true passion. He loves getting on a motorcycle to explore roads he's never traveled. You'll find Mike in the garage working on something when he isn't helping clients or leaning into curves. It's sometimes a side hustle, more often a favor, but it keeps his hands busy doing something productive. Since the first time his father strapped on his helmet and took him for a ride, Mike has loved bikes. That passion, along with a desire to help others through a deep understanding of insurance policies, led to the creation of Motorcycle Ride Coverage.

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