Firstly, the type of bike you choose to insure will affect your insurance rates. The fancier and more expensive the bike, the more costly it will be to insure since it will likely be more attractive to thieves. An older or more basic bike will cost you less overall, though the savings will be less if you purchase lots of expensive add-ons and features for it.

Taking care of your bike is also important, and many companies will give you a break on your motorcycle insurance if you install an anti-theft device. One of these may cost you around $100-200, but you will likely save more than that on insurance premiums within a year.

Aside from the bike itself, your personal profile is what will be given consideration when insurance companies decide how much your premiums should be. Your age, experience and location being just some of the factors that will be assessed.

The older the rider, the cheaper the rates generally are. Living in a low crime area can also keep costs down, whereas driving your bike to work and parking it in an unsafe area can drive insurance costs up.

Since operating a motorcycle is different from driving a car, taking a rider training course can help to show that you are being responsible and know how to handle your bike, which insurance companies like to see. Also, the cleaner your driving record, including your record with your car, the more you can bring down costs.

If you can afford it, raising the deductible (the amount you will actually have to cover in the event of an accident or theft) results in lowering your premium. If it is financially feasible, this is something that you might want to consider.

There is also a range of potential discounts available for certain groups of people. These can be difficult to find out about on yourself, so contact an independent insurance agent and ask for their help in securing the best possible deal.