Money saving motorcycle tips
Everyone seems to be looking for ways to cut expenditure, so the we have compiled some suggestions to help bikers save a few quid.
- Insurance. It’s a false economy to cut corners with insurance, be honest and be covered. Failing to disclose all information is fraud and can result in invalid insurance and even criminal convictions, not to mention a hefty pay-out if you can’t claim. Another saving is on mileage limits – be careful not to overestimate it, especially if you will not use your bike all-year-round. Third party insurance is not always the cheapest, so it is always advisable to get a quote for comprehensive insurance as well. Specialist insurance policies offer savings. There are policies especially for young riders, custom bikes and classic bikes etc.
- Join an owners’ club. By joining an owners’ club not only will you get access to a wealth of knowledge and tips, but you can also get discounts. For example you can cut your insurance premium by up to 20% with Bikesure.
- Petrol. There’s a lot of savings to be had where fuel is concerned. First of all, reduce the amount you use by making changes in the way you drive, accelerating and braking more gently to boost your MPG. There are a number of credit cards that offer cashback when you refuel, such as the Santander 123 card, which offers 3% cashback on spending at petrol stations. There are often supermarkets offering fuel discount vouchers. Another way to save is by looking around for cheaper fuel in your area, with sites such as petrolprices.com.
- Check your bike. Make sure your bike is regularly serviced to keep it working in tiptop condition and running efficiently. By regularly checking your bike you can spot and sort issues before they escalate into bigger and more expensive problems. Bike Trader has a list of daily checks to do, such as oil levels, suspension and drive chain.
- Tyre pressure. Check tyres are inflated to the correct levels, as this saves fuel and increases safety.
- Carry out servicing and minor repairs yourself. By learning how to change your own oil and filter and carry out other maintenance tasks you can save yourself lots of cash. Trusty Haynes manuals help with basic servicing and repairs.
- Security. By investing in the best security possible for your bike, such as a decent lock and chain, ground anchors, alarms, immobilisers, trackers, etc., and by storing the bike in a garage or shed, you can cut pounds from your premium for years to come (and, of course, make your bike harder to steal).