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  1. #1
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    How to reduce bike insurance costs as a young rider

    If you've just passed your driving test and already own your own bike, then you are likely ready to get riding on the open road, alas there is one further obstacle in your way: the small matter of insurance.

    For younger drivers, buying insurance can be a significant hurdle as they are considered to be a high-risk group who are more prone to be involved in accidents. If you do find it difficult to source an affordable deal at first, donít give up Ė there are insurers out there who offer specialist insurance for bikers both young and old. For instance, MCE Insurance can compare quotes and insurance policies for any bike and for riders of all ages.

    It can be tempting to sacrifice the level of cover you take out in order to save money, but this may end up costing you dearly in the long-term. Like car insurance, motorbike insurance starts at the most basic level with third-party cover, which protects against claims from victims of accidents where you were at fault or when you have damaged property. One step up from this is third party, fire and theft, which will reimburse you should your bike be stolen or damaged or destroyed through fire. Finally, the highest and most expensive type of bike insurance is fully comprehensive and this will cover damage to yourself and your bike whether an accident is your fault or not.

    Whatever level of cover you choose, the excess you agree will help to decide the premium you pay. Agreeing a higher excess will of course help you to lower your premium, though this will potentially leave you financially vulnerable in the future. Instead, many young riders opt to improve their reliability in the eyes of potential insurers by completing advanced rider courses such as those offered by IAM, ROSPA and BikeSafe. It is also financially wise to work your way up to riding higher-performance bikes once you have gained more experience and no-claims bonus, as this will save substantial funds.

    Real savings can also be made if you improve the security of your bike. If you canít store it off-road in a garage, you may want to invest in some devices that can also protect it when it is out and about such as an alarm, immobiliser or lock and chain.
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  3. #2
    Third gear and cruising
    My Bike(s)
    99 Suzuki Marauder
    Location
    Tacoma, wa
    Posts
    516
    Most insurers give a discount if you have taken a motorcycle safety course, like the ones at motorcycle safety foundation. Highly recommend those!

    Sent from my Samsung Captivate using Tapatalk

  4. #3
    Where Am I ?
    My Bike(s)
    harley
    Posts
    27
    Don't get a ticket! If you take a motorcycle safety class that can help lower it too. Go ahead and shop around amongst the different insurance companies and compare prices (like orbitz or expedia for flights). Unfortunately, you will just have to wait until you get older to really receive the best price available (assuming you stay responsible and don't receive any tickets or accidents.

  5. #4
    Fifth gear streak
    My Bike(s)
    09 FatBob, 09 M50
    Location
    Near a Computer
    Posts
    1,392
    wanna save on insurance. dont buy a crotch rocket, and keep the engine small.

  6. #5
    Newbie
    My Bike(s)
    bmw
    Posts
    2
    Quote Originally Posted by 4Nines View Post
    If you’ve just passed your driving test and already own your own bike, then you are likely ready to get riding on the open road, alas there is one further obstacle in your way: the small matter of insurance.

    For younger drivers, buying insurance can be a significant hurdle as they are considered to be a high-risk group who are more prone to be involved in accidents. If you do find it difficult to source an affordable deal at first, don’t give up – there are insurers out there who offer specialist insurance for bikers both young and old. For instance, MCE Insurance can compare quotes and insurance policies for any bike and for riders of all ages.

    It can be tempting to sacrifice the level of cover you take out in order to save money, but this may end up costing you dearly in the long-term. Like car insurance, motorbike insurance starts at the most basic level with third-party cover, which protects against claims from victims of accidents where you were at fault or when you have damaged property. One step up from this is third party, fire and theft, which will reimburse you should your bike be stolen or damaged or destroyed through fire. Finally, the highest and most expensive type of bike insurance is fully comprehensive and this will cover damage to yourself and your bike whether an accident is your fault or not.

    Whatever level of cover you choose, the excess you agree will help to decide the premium you pay. Agreeing a higher excess will of course help you to lower your premium, though this will potentially leave you financially vulnerable in the future. Instead, many young riders opt to improve their reliability in the eyes of potential insurers by completing advanced rider courses such as those offered by IAM, ROSPA and BikeSafe. It is also financially wise to work your way up to riding higher-performance bikes once you have gained more experience and no-claims bonus, as this will save substantial funds.

    Real savings can also be made if you improve the security of your bike. If you can’t store it off-road in a garage, you may want to invest in some devices that can also protect it when it is out and about such as an alarm, immobiliser or lock and chain.

    Allied insurance
    Most companies provides 37% discount or more for auto insurance with great policy and guaranty.

  7. #6
    Banned
    My Bike(s)
    Ilene
    Location
    the land of the setting sun
    Posts
    880
    I paid $100 for a year of insurance that will cover other cars and a passenger.
    to get medical on me is the next thing, can never be too careful, I have already laid it over once.
    I am not trying to sound arrogant but in Washington state insurance on a motorcycle is not something that you are going to get a fine for as far as I know. be forewarned I said this because of the advertisements about saving money on car insurance, not because I want to see people hurt without insurance.
    keep in mind mc traffic tickets will show up on your car insurance report.

  8. #7
    M-J Lifetime Achievement Award
    My Bike(s)
    '10 Kaw Vulcan 900 Custom
    Location
    Ocala, FL
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    8,615
    Quote Originally Posted by limitedbyfourkawiby2 View Post
    but in Washington state insurance on a motorcycle is not something that you are going to get a fine for as far as I know.
    And I bet that is NOT true.
    At any rate, it is kind of important and you should check it out before posting a wild guess.
    Don't believe everything that you think.

  9. #8
    Third gear and cruising
    My Bike(s)
    99 Suzuki Marauder
    Location
    Tacoma, wa
    Posts
    516

    Re: How to reduce bike insurance costs as a young rider

    He is right though. Washington does not require insurance on motorcycles. Not smart though, as I was reminded the hard way last October. When an uninsured motorist causes your crash, you are out of luck. It's better to carry full coverage on a bike, so you are not out the cost of the bike and medical costs.

    Sent by middle finger express

  10. #9
    M-J Lifetime Achievement Award
    My Bike(s)
    '10 Kaw Vulcan 900 Custom
    Location
    Ocala, FL
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    Quote Originally Posted by Ironjoey View Post
    He is right though. Washington does not require insurance on motorcycles.
    The key word here might be "ON".

    I don't think that ANY state requires you to have full coverage on any vehicle........other than the idiotic no-fault system in Florida......where your collision premium is hidden in the liability coverage.

    Are you saying that Washington state does not require you to have even basic liability coverage ??
    I thought that was pretty much universal these days.
    Don't believe everything that you think.

  11. #10
    Banned
    My Bike(s)
    Ilene
    Location
    the land of the setting sun
    Posts
    880
    I don't want to piss off the ju-ju master insurance ceo's, so yes it is necessary to have car insurance.

  12. #11
    M-J Lifetime Achievement Award
    My Bike(s)
    '10 Kaw Vulcan 900 Custom
    Location
    Ocala, FL
    Posts
    8,615
    Quote Originally Posted by limitedbyfourkawiby2 View Post
    I don't want to piss off the ju-ju master insurance ceo's, so yes it is necessary to have car insurance.
    I think I'm beginning to see why you might have had problems on other forums before.

    The question IS: Does Washington State law require you to have liability insurance ??
    If it does, and you are caught riding without it, a ticket will certainly follow........unless the Cop is in a really good mood that day.
    Don't believe everything that you think.

  13. #12
    Banned
    My Bike(s)
    Ilene
    Location
    the land of the setting sun
    Posts
    880
    I am not a big fan of your trash talking easy rider, I have been pulled over for speeding 3 times and never gotten an insurance ticket.

  14. #13
    M-J Lifetime Achievement Award
    My Bike(s)
    '10 Kaw Vulcan 900 Custom
    Location
    Ocala, FL
    Posts
    8,615
    Quote Originally Posted by limitedbyfourkawiby2 View Post
    I am not a big fan of your trash talking easy rider, I have been pulled over for speeding 3 times and never gotten an insurance ticket.
    Well then you probably won't like this either.
    You still have not answered the basic question.
    It really isn't that hard.
    Care to try again ??
    Does Wash. State require liability insurance for bike riders ??
    Don't believe everything that you think.

  15. #14
    Banned
    My Bike(s)
    Ilene
    Location
    the land of the setting sun
    Posts
    880
    sorry, I own my motorcycle, if you are dealing with payments it is necessary to have insurance.

  16. #15
    Third gear and cruising
    My Bike(s)
    99 Suzuki Marauder
    Location
    Tacoma, wa
    Posts
    516

    Re: How to reduce bike insurance costs as a young rider

    Wow. Okay. (Not you, easy
    I'm going to be as clear as possible. Washington state government does not require motorists to carry any form of insurance on a motorcycle. I know, as I am the guy that does the pulling over. Haven't written a no insurance ticket to a motorcyclist. Ever. The legislators figured that since only liability insurance was required for regular vehicles, motorcycles can't hurt a car much, and most motorcycle crashes are one vehicle-driver causing. So they concluded it was not necessary for motorcycles to have it. (Not necessarily right, but that's what they concluded).

    Your FINANCE company, on the other hand, wants their investment protected, and THEY require full coverage insurance.

    Personally, I will never ride without insurance again. And every motorcyclist I pull over from now on will get a friendly suggestion from me to carry insurance. Not for the other guy in the car, but for the motorcyclist.


 

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