One of the main considerations companies consider is the type of motorcycle that you own. A faster, more powerful motorcycle, such as a sport bike or chopper will likely garner a higher rate than a sedate touring bike might.



Another consideration is your age. This is similar to auto insurance in that statistics show that younger riders are more likely to ride fast and take risks than their older counterparts, resulting in a higher rate of accidents. One way to offset this is to enroll and complete a rider safety program run by a reputable organization like the American Motorcycle Association.

Where you live can also influence your motorcycle insurance rates. If you live in an area that has a high rate of crime, your motorcycle is more likely to be stolen than if you lived in a low crime area. One way to offset this is to store your bike in a garage or get an alarm installed. Some motorcycle insurance companies will give a discount for riders who do this.

Finally, don't over insure your motorcycle. The best way to get cheap motorcycle insurance is to make sure the policy is right for you and your motorcycle. If your motorcycle is damaged in an accident or stolen, you will only receive the market value for it and over insuring it will not get you a higher payout for your bike.