3. Price Insurance

Top 10 Insurance

If you’re young and male and have speeding tickets on your record, you know you’re going to take a beating on insurance. However, even people with pristine records will benefit from finding out how much it will cost to insure their bike. Remember, if you’ve got a loan, you’ll need to carry full-coverage insurance. So, factor that into your monthly budget. Insurance costs often play heavily in young riders’ decision to unload their motorcycle after just a year or two.

After pricing insurance for new bikes, many new riders realize that they need to buy a used starter bike that they can afford to pay cash for and reduce their insurance costs. Remember though, what you’re really doing is self-insuring for repairs to your own bike if you have an at-fault accident.