Best Motorcycle Insurance Discounts in 2024 (Save 20% With These Deals!)
Motorcycle insurance discounts can help you keep your motorcycle insurance rates more affordable. We covered the most common discounts that you can expect.
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Sep 18, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Sep 18, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
The best motorcycle insurance discounts can help you save up to 20% on your policy, making what’s usually affordable coverage even cheaper.
When compared to traditional car policies, it’s typically easy to find lower motorcycle insurance premiums. Motorcycle insurance usually costs only a fraction of what standard auto insurance costs.
However, you should still compare rates — many factors affect insurance rates for motorcycles that can increase what you pay. Taking advantage of discounts for motorcycle insurance can help you save.
Our Top 10 Picks: Best Motorcycle Insurance Discounts
Discount | Rank | Savings Potential | Description |
---|---|---|---|
Safety Course Discount | #1 | 20% | Completing an approved motorcycle safety course can lead to big savings. |
Multi-Policy Discount | #2 | 15% | Bundle your motorcycle and auto insurance for greater discounts. |
Responsible Driver Discount | #3 | 15% | Maintain a clean driving record to lower your premium. |
Anti-Theft Device Discount | #4 | 10% | Installing anti-theft devices can reduce your insurance costs. |
Multi-Bike Discount | #5 | 10% | Insure more than one motorcycle on the same policy to save. |
Renewal Discount | #6 | 10% | Renew your policy without gaps to qualify for this discount. |
New Motorcycle Discount | #7 | 7% | Newer bikes often qualify for a discount on your premium. |
Association Membership | #8 | 5% | Membership in certain motorcycle associations can lead to savings. |
Paperless Billing Discount | #9 | 5% | Go paperless to simplify billing and reduce costs. |
Automatic Payment Discount | #10 | 5% | Set up automatic payments to save on your monthly premium. |
Read on to learn how to get the cheapest insurance for motorcycles with discounts. Then, enter your ZIP code into our free comparison tool above to see motorcycle insurance rates in your area.
- There are a variety of discounts motorcycle drivers can take advantage of to save
- Companies don’t offer a specific bike insurance discount
- Motorcycle insurance is usually cheaper than standard car insurance
Motorcycle Insurance Discounts
You could save on your motorcycle insurance premiums by taking advantage of the following discounts:
- Safe rider discounts. These types of discounts are often automatic. If an insurance company pulls your driving record and finds it spotless, you simply appear to be at a lower risk than a driver who has accumulated moving violations. The longer your clean record stretches back, the larger the immediate discount tends to be. This is a tricky one because driving records are permanent — you can’t go back and retroactively expunge the skeletons in your driving closet. However, putting a little time between the present date and your most recent violation helps. Clean for three years is good, but clean for five is better.
- Loyalty discounts. Once locked in with an insurer, sit awhile. If you don’t change insurance companies, and you keep your record clean, safe rider discounts will often morph into loyalty discounts, and you’ll see your benefits multiply. From State Farm to Geico to military benefits with USAA, the specific coverage advantages of loyalty discounts vary by provider. Some allow for vanishing or disappearing deductibles, surcharge-free accidents, and more. But the one thing they all have in common: being a loyal, safe driver pays off in lower premiums.
- Multiple policy discounts. These are the unspoken heroes of the insurance premium world. Insurance companies prefer exclusivity. If you have two cars, a home, and a motorcycle, bundling all those policies with a single company often scrounges up serious savings. Whether you’re bundling insurance policies or combining separate types of coverage under one roof, these represent some of the largest automatic savings available. Again, you look like less of a risk when a single company assumes full responsibility for all of your risk exposures.
- Low mileage discounts. This one is a little less obvious but rather important. Pay attention to your odometer and report your usage correctly from the start. Many motorcycle insurance companies automatically quote your vehicle at either 10,000 or 12,000 miles per year, even though many operators log less than 4,000 miles per year. If you drive less, you should be charged less due to smaller risk exposure, but most companies don’t regularly reach out for odometer updates, meaning that oftentimes the rated mileage never changes. This is an easy discount to receive, which only requires periodic diligence, as well as reading your renewal when it comes in the mail to ensure you’re being logged properly.
- Anti-theft discounts. These also tend to be automatic. If your bike comes preinstalled with any features which make it inherently less prone to theft, these features will be logged in your vehicle’s VIN. When you reach out for a quote, don’t just ask them to quote the year, make, and model. Get more specific. Giving your VIN allows a full quote, and this can raise or reduce the price depending on specific features as well as replacement costs.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Other Ways to Save on Motorcycle Insurance
- Consider raising your insurance deductibles. Is your bike financed? If so, you’ll have to carry comprehensive and collision insurance, but oftentimes people opt for the standard $500 deductible even when it could be higher. Since we’re talking motorcycles, you won’t have to worry about windshield replacements or small comprehensive claims, and raising deductibles likely won’t have consequences. While bumping those deductibles upwards won’t be enough to change your world, every little bit helps.
- Looking to buy a new bike? Quote it before you drive off with it. This sounds obvious, but quite frequently, customers call in to add or swap a vehicle, only to be shocked by the premium. At that point, however, it’s too late. You must insure any vehicle you purchase, so do your research before you scratch your signature on a buyer’s order. Rates vary by year, make, model, and trim level. Entering your VIN will populate all of the above, but if you don’t do it until after the purchase, you’re not doing yourself any favors. Remember: there’s more to it than replacement cost. Insurance companies also factor in claims history on each make and model from across the country, and these figures can be shocking.
- Know your coverage. As you’re getting quotes, make sure you understand what you must have and what is merely optional. One of the most expensive coverage options for motorcycles is underinsured motorist coverage. On a bike, this coverage often steps in when the offending driver hits you, causes a serious injury, then maxes out their liability policy. Because injury claims tend to be expensive, the state minimum in terms of liability is rarely enough to cover the costs of a bodily injury claim. For this reason, carrying underinsured coverage may raise your premiums by as much as a third, but the cost of not having it could be monumental. Know the risks involved and decide what’s right for you.
Find the Best Motorcycle Insurance Discounts Today
Don’t just get a quote. Get all the quotes. Sure, all insurance is the same to a certain extent, but prices vary. Coverage varies. Customer service varies. Getting an array of quotes allows you to determine where quality and price intersect, giving you the best chance of getting it right the first time.
Frequently Asked Questions
How do I lower motorcycle insurance costs?
First, check your coverage. Many policies are quoted with optional coverage selections added. Check to see what’s necessary and make adjustments if needed. Then ask for all the discounts you can find.
Is insurance cheaper for a motorcycle?
Generally, yes. Motorcycles cost less to replace on average than passenger vehicles. Plus, people tend to drive bikes less on average.
What type of motorcycle has the cheapest insurance?
The cheapest insurance on a bike has more to do with the driver and the lienholder than the bike. Lesser expensive bikes are the cheapest to insure, but that can vary. If you’re financing a vehicle, you have to carry full coverage, and that’ll boost your premium right away. Avoiding financing means avoiding those necessities. Same thing with the driving record. Keeping it clean means lower premiums. A driver with a clean record can sometimes finance a new Harley Davidson and still pay less than a driver of an early 2000s Honda Gold Wing.
Are older motorcycles cheaper to insure?
Yes, but the variance from year to year won’t be astronomical.
What motorcycles are the most expensive to insure?
The most expensive motorcycles to insure are the ones that are brand new, financed, and owned by drivers without perfect records.
What is a motorcycle insurance discount?
A motorcycle insurance discount is a reduction in the premium you pay for your motorcycle insurance coverage. It is offered by insurance companies as an incentive to reward riders who meet certain criteria or take specific actions that are considered lower risk.
What are some common ways to obtain a motorcycle insurance discount?
There are several common ways to obtain a motorcycle insurance discount. Some of them include:
- Safe riding record: Maintaining a clean riding record with no accidents or traffic violations.
- Completion of a motorcycle safety course: Taking and successfully completing a recognized motorcycle safety course.
- Bundling policies: Bundling your motorcycle insurance with other policies, such as auto or home insurance, with the same insurance provider.
- Anti-theft devices: Installing anti-theft devices on your motorcycle, such as an alarm system or GPS tracking device.
- Membership affiliations: Being a member of certain motorcycle associations or clubs that have partnerships with insurance companies.
- Low mileage: If you ride your motorcycle less frequently, you may be eligible for a discount.
- Experienced rider: Some insurance companies offer discounts for riders who have several years of riding experience.
How can completing a motorcycle safety course help me get a discount?
Completing a motorcycle safety course demonstrates to insurance companies that you have received proper training in riding techniques and safety precautions. It indicates that you are a responsible rider and less likely to be involved in accidents. Insurance providers often offer discounts to riders who have completed these courses as a way to encourage and reward safe riding habits.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.