How can you save on your motorcycle insurance?

First, your age and driving experience are used to determine your insurance premium. The model of your motorcycle is also taken into consideration. A sport bike, for example, will therefore cost you more to insure.

However, there are definitely things you can do to decrease your insurance premium:

1. Tailoring your motorcycle insurance premium to your specific needs 

Speak to your insurer about what coverages you really need and what deductible, i.e. portion of damages you must pay in the event of a claim, is right for you. For example:

• If the price you paid for your motorcycle is not very high, removing the collision and upset coverage may be the right option for you.
• If the price you paid for your motorcycle is not very high, removing the collision and upset coverage may be the right option for you.
• You’ll see an immediate effect on your premium amount if you increase the amount of your deductible; however, just remember that you’ll have to pay a higher amount in the event of an accident. On the flip side, choosing a lower deductible means you’ll pay less if you file a claim.

2. Bundling your insurance

Bundling your home, auto and leisure vehicle insurance with the same insurer could save you a considerable amount. You can also save money if you bundle the insurance of your family members living under your roof.

3. Being careful on the road

Since your premium is based on your driving experience, keeping a clean driving record can pay off. That’s because your demerit points and accident claims impact your premium.

4. Completing an advanced training course

Insurers offer an additional premium reduction to clients who receive training at a SAAQrecognized driving school.

5. Joining a club or association

If you’re a member of a motorcycle club or association, your membership may entitle you to an additional discount.

Have other questions or need motorcycle insurance tips? Contact your insurer!