Five simple tips to reduce your motorcycle insurance

Published: 22 July 2010

Are you paying too much for your motorbike insurance? MCN has dug out five simple ways you can reduce your premium.

Voluntary excess
Increasing the excess on your policy can dramatically reduce your premium. The downside is that in the event of an accident you will have to cover a larger amount of the costs.

Limit your mileage
The average British rider covers 4000 miles a year. Limiting yourself to covering no more than 5000 miles annually is an easy way of reducing your premium with most insurers. If you think you will ride less than that you can save even more. Reducing the miles covered on your bike will also help keep the resale values high.

No claims bonus
If you are less likely to claim than you will be charged less. A no claims bonus rewards careful riders so it might be worth getting a smaller, less powerful bike for a couple of years while you build up a bonus and improve your riding skills.

Experience
Riders who have had their licence for a long time can be considered lower risk. Over time your insurance premium should go down. Advanced riding courses like IAM, ROSPA and BikeSafe can also reduce your insurance costs with some insurers.

Security
Immobilisers will reduce your premium, but check with your insurer as only some alarms will count. Chaining your bike to a large immobile object, like a lamp post or a tree will stop it disappearing in the night. Storing your bike in a garage will help, but don't expect a discount for keeping your wheels in a shed made out of wood.

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