Is motorbike insurance impacted by where you store your bike?
The way you store your bike can have an impact on your insurance costs - a secure setup typically means lower premiums, but poor security can drive up your rates. Luckily there are ways to reduce risks and keep costs down, even without a garage.
Key takeaways
Storing your motorbike securely, such as in a garage or locked shed, can significantly lower your insurance premiums by reducing the risk of theft.
If you don’t have access to a garage, you can still improve security with locks, covers, alarms, and GPS trackers - all of which can also help lower insurance costs.
Your motorbike insurance is also affected by the type of bike you have, its model and age, and your driving history and location.
Remember to compare quotes from different providers to find the best deal.
Where to store your motorcycle
The spot you choose for storing your motorcycle can be a significant factor in your overall insurance premium costs - so we’d recommend keeping your bike in one of the following locations:
Garages
The best option for storing your motorcycle, insurance companies generally prefer garages due to their strong protection against theft as well as environmental damage. You could consider adding a sturdy lock for extra peace of mind.
Locked sheds or motorcycle storage units
Good alternatives to a garage include a locked shed or a motorcycle storage unit. Choose one with a high quality lock and even an alarm system to deter thieves, as this will help keep your bike safe and premiums manageable.
On private property and with extra security
Even if not in any of the above locations, ideally you’ll be able to keep your bike on your property - in which case you could consider enhancing security with CCTV or motion sensor lights. These will discourage thieves and also provide evidence if you need to make a claim.
What to do if you lack a garage
If you own a motorbike but don’t have a garage, you can still take steps to protect your bike and possibly lower your insurance costs:
Use sturdy locks and covers
If you have to store your bike outdoors, invest in solid locks and weather resistant covers to deter theft, protect against the elements and keep your bike less conspicuous.
Invest in alarmed locks or GPS trackers
Adding alarmed locks or GPS trackers can be a big help - alarms can scare off thieves, and trackers will make it easier to recover a stolen bike.
Consider renting a garage space
If you have the budget for it, it’s worth renting a garage or using a secure motorcycle parking facility. Many offer added security measures like CCTV and controlled access, which lowers the risk of theft and could reduce your premiums.
Other considerations for motorbike insurance costs
While having secure storage is key for your bike’s safety and protection as well as your insurance costs, insurers do also consider a range of other factors when deciding premiums.
Your bike itself will have a significant impact - insurers will assess the make and model of your motorcycle when determining your overall insurance costs. Newer bikes or those built for high performance are typically more expensive to insure due to their higher value and theft risk, while older bikes are likely to cost less unless they’re considered a classic or collectible.
Your driving history will also be considered - a clean record shows insurers you’re a low-risk driver which can result in lower premiums. However past accidents or penalties are likely to lead to higher costs.
Insurers will look at your location, and might charge higher premiums if you live in an area with high theft rates or heavy traffic. Finally, as discussed, extra security measures on your bike can help reduce your risk profile and therefore your insurance costs.