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Ways You Can Reduce Your
Motorcycle Insurance Premiums

Taking a Driving Course is a good way to cut premiumsMany factors can play a role in determining what your insurance costs (premiums) will be such as your age, your driving record, where you live and the type of motorcycle you own, or being a graduate of a rider-training course. Rates for motorcycle vary depending upon not only your driving record, marital status, and claim history but also the type of motorcycle that you are riding. Tips for the cost-conscious motorist include:

  • Many companies offer discounts from 10 to 15 percent on motorcycle insurance for graduates of training courses, such as the Motorcycle Safety Foundation (MSF) rider course. Riders under the age of 25, usually considered a higher risk, may see some savings by taking this course. Taking the MSF course is also a good idea for cyclists who have already had accidents.
  • Maintaining a good driving record with no traffic violations will also help reduce your premiums.
  • In many northern states, riders may save money by buying a "lay-up" policy. With a lay-up policy, all coverage except comprehensive is suspended during winter months.
  • Find out what discounts your insurance representative offers. Multi-bike discounts for those insuring more than one bike, organization discounts (if you’re a member of a motorcycle association) and mature rider discounts for experienced riders, are just a few possibilities. Discounts can range anywhere from 10 percent to 20 percent, depending on the insurance company and your state of residence. Availability and qualifications for discounts vary from company to company and state to state. 
  • Keep in mind that the type, style (such as a sports bike vs. a cruiser) and age of the motorcycle, as well as the number of miles you drive a year and where you store your bike may also affect how much you pay for your insurance premium.

Cole Harrison Insurance agency is ready to assist you with your motorcycle insurance, whether you are driving a moped or a performance cruiser. Please call our toll free number, the office that is most convenient for you, or use the links at left to send an email. We look forward to helping you secure insurance at a competitive price.

83 Main Street, Kennebunk, ME  04043 · 207-985-3361  /  27 Walker Street, Kittery, ME  03904 · 207-439-5981
Valley Crossing Building, Little Poplar Stream (off Rte 16), Carrabassett Valley, ME  04947 · 207-235-2642

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