5 Ways To Keep Your Motorcycle Insurance Payments Lower

Love riding a motorcycle but hate paying for high motorcycle insurance? Here are some ways you can keep insurance payments lower and, at the same time, enjoy riding your powerful bike anywhere. 

Go For A Smaller Or Older Motorcycle 
A less-powerful or smaller bike and older models will give you lower insurance payments.  These bikes are cheaper when it comes to maintenance and repairs, and it is less likely that less powerful bikes can cause severe injury or damage. However, classic bikes and collectible bikes are more expensive to insure.   

Unusual Bikes Or Modified Bikes Are A No-No
Modified bikes are also expensive to insure as these are very costly to repair, replace, and maintain. Also, according to bike owners, modified bikes are more likely to attract thieves. It's even more expensive to get insurance for imported bikes, most especially bikes that are called "grey imports." These vehicles are either new or used and legally imported from other countries using different channels rather than the manufacturer. 
  
Ride Less For Lower Premiums
The cost of motorcycle insurance may also vary depending on how often you ride your bike. If you use your bike to work or you need to ride daily, then expect higher premiums. Less riding means you are less likely to be a risk on the road, and hence, you'll pay lower premiums.  

Secure Your Bike
Insurer-approved bike alarms and immobilizer will get you lower premiums. Alarms will deter thieves and will significantly enhance the security of your vehicle. Another way is to use a tracker, a device that will help you track your bike when it's stolen. The costs of these tools may seem to outweigh insurance savings and reduce your chances of claiming insurance in case of theft.  

A safe parking space is necessary for all types of vehicles. You reduce the chance of your bike getting damaged or stolen when you use a secure parking space. If you don't have a garage or a shed, look for paid parking spaces in your community or neighborhood where you can regularly keep your bike. 

Pay Your Premiums Annually
Annual insurance payments are cheaper compared to monthly payments. Annual payments won't cost interest or arrangement fees; plus, it's hassle-free to pay with no need to worry about missed payments.   

Motorcycle insurance is standard for all types of bikes and drivers. If you want to find out more about affordable motorcycle insurance, consult a local insurer as minimum coverage varies from state to state. 

At Family Auto Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (313) 285-9042. Get your free quote today by CLICKING HERE.