How to lower your motorcycle insurance rates

If there’s one issue that gets motorcyclists worked up, it’s motorcycle insurance costs. Rising insurance costs are one of the biggest obstacles facing new riders, but it’s not just newbies feeling the pinch. In some provinces, even experienced riders are getting slammed with rates that mean their insurance costs as much as a good used bike.

So how can you reduce those rates?

Following factors can help you lower your motorcycle insurance costs.

  • Take rider training
  • Don’t go for a sportbike (if you want lower insurance rate)
  • Shop around
  • Stay insured (even during winters)
  • Change your coverage: Are you paying for coverage you don’t need? You may be able to reduce your bill by canceling fire/theft coverage, reducing your liability coverage, or cutting something else.
  • Slow down
  • Buy your bike in cash
  • Combine Insurance
  • Group discounts

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Author: Paul Mann

Paul Mann is an experienced insurance broker specializing in arranging both commercial and personal Insurance for businesses and families across Ontario. He is currently the president of Aaxel Insurance Brokers Ltd. Aaxel Insurance Brokers Ltd. is a family owned and operated independent insurance brokerage established in 2007.


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Please note that the information in our blog articles is for informational purposes only. It should not be considered as a legal advice or guaranteed solutions. Please talk to our insurance brokers for advice specific to your situation.