Motorcycling comes with a number of hidden costs. While the jury is still out as to whether or not running a motorcycle is cheaper than a car, we all know a bike can burn a hole in your pocket. The cost of riding will depend on many factors, including the type of bike, the mileage you cover, and even where you live. There are many benefits of getting a motorcycle, but the expense is one drawback all riders want to combat. With that in mind, here are six ways to save money.
Pick a smaller engine
Anyone new to motorcycling should seriously consider picking a smaller engine. Statistics show that riders are much more likely to be involved in an accident when on a bigger bike. Therefore, to protect your health and wallet, it’s best to start small. There’s much more to learn after you pass your test, after all. Smaller engines are also less expensive to buy, insure, and repair.
Buy your gear online
Safety is a key concern when riding a vehicle as fast as a motorbike. For this reason, it should be no surprise that, when it comes to safety gear, you will have to make an investment. That being said, it is possible to cut costs. Online vendors don’t have the same costs to contend with as stores do. This means that, if you were to shop for gear online, it would be much cheaper.
Look around for insurance
Every rider needs insurance, no matter how much it might cost. The problem is, many riders avoid this expense out of fear that it will cost too much. Not only is this unwise, but it’s highly illegal. To cut the cost of motorcycle insurance, there are several things you can do. Joining a motorcycle organisation or association, for example, usually comes with a fair discount.
Store the bike inside
Keeping your bike inside is another effective way to reduce insurance costs. After all, if you were to store it outside, there would be a higher chance of it being stolen. If you don’t have a garage to store your bike, then you need to invest in a heavy-duty chain and lock. Demonstrating that your bike is secure when not in use, even if stored outside, could result in lower premiums.
Keep up with maintenance
For any vehicle to run smoothly, it must be serviced regularly. Skipping out on regular maintenance checks could leave you will serious problems, and consequently, much higher costs. There are several maintenance tasks you should be able to handle yourself, but you will need expert help now and then too. Avoiding seeking help won’t save you money in the long run.
Used bikes are much cheaper when compared with brand new ones. As well as avoiding depreciation, you would skip the initial expenses associated with new vehicles. However, when buying a second-hand bike, you must keep in mind the vehicle’s history. If the bike has been taken care of poorly, you might have to splash out more on repairs and maintenance.
Motorcycles can be expensive, but with the advice above, you should be able to save money.
** This is a collaborative post