Bike and features: Your premium is partially based on the motorcycle you own. A bike in its original condition will cost less to insure than a custom-built bike or a bike with permanently attached custom parts. This is because replacement parts and labor will cost less for a store-bought motorcycle with factory parts and paint.

Storage location: Motorcycles that are stored inside of a garage or shed are better protected then bikes stored in your driveway. Outdoors, motorcycles are exposed not only to the elements, but also to theft and vandalism. The security of indoor storage can reduce your insurance premium.

Driving record: Your actions on the road also contribute to your motorcycle insurance premium. A motorcyclist with a clean driving record will pay less than one with multiple accidents and/or tickets on record.

Frequency of riding: Statistically speaking, the more time you spend on the road, the more likely you are to get into an accident. For this reason, seasonal or weekend motorcyclists may pay less for coverage than year-round motorcyclists.

Bundling: If you bundle your motorcycle insurance with your home and auto insurance (and any other personal policies you own), you can save money across the board. You can add to the savings by paying annually instead of monthly to reduce the processing fees that accumulate.

Discounts: Some insurance carriers offer new customer incentives and various other discounts. However, you may never know if you qualify for savings until you ask your independent insurance agent if any discounts are available.