Ride Carefully
It likely comes as no surprise that multiple tickets and accidents will increase how much you pay in motorcycle insurance coverage. With a bad record, you can find yourself paying much higher insurance premiums over the years.
Equip Your Bike With An Anti-theft Device
There are a wide range of anti-theft devices designed specifically for motorcycles, and some insurance companies will offer you a discount if you have an approved one installed on your bike.
Ride a Bike That Costs Less to Insure
The type of bike you choose will affect your motorcycle insurance rate. For example, avoid motorcycles that are attractive to thieves because a bike known to be a target will likely cost more to insure.
Ask About Discounts
While the availability of discounts will vary depending on your insurer, where you live and whether you meet the eligibility requirements, asking about them could save you significant money. Common discounts include the multi-vehicle discount (for those with more than one motorcycle), the multi-line discount (for those who want to insure their auto or home), and the discount for belonging to a recognized motorcycle club or association.
Increase Your Deductibles
Insurance was really meant to cover you for damages you could never afford on your own. So keeping in mind the value of your bike, raise them as high as you can afford knowing that the deductible is how much you'll have to cover if you need to submit a claim.
Cancelling Your Motorcycle Policy at the end of the riding season will not save you money
Motorcycle insurance, in Canada, is seasonal and the premiums are seasonally adjusted. If you cancel the insurance for the winter you will not get any premium refunded.
Shop Around For Insurance Before Buying to Save Money
Motorcycle insurance rates vary across insurers so don't assume the first quote you get is the best quote you'll get. At sites like www.kanetix.ca, you can easily get quotes online when you're ready to shop for your motorcycle insurance.
