Whether you’re a rookie or a veteran rider, you should know that owning a motorcycle can put a dent in your wallet. Besides the cost of the bike, you also have to pay for gas, gear, insurance, maintenance, and other expenses. The cost of owning a bike depends on what type of bike you have, how often you use it, and how well you maintain it. However, there are things every rider can do to cut expenses. Here is a look at four ways to save money while riding.

Look for Good Deals on Bike Gear

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Having the right gear is important for any biker because it provides better comfort and protection. You should invest in high-quality gear that’s effective and durable. Such gear is usually more expensive, but it offers better value for the money in the long run. You can find many stores that offer good online deals and discounts on bike gear. Spend some time doing research and comparison shopping to find the most competitive prices for your desired bike gear. Online shopping is also a great way to buy motorcycle parts.

Be Fuel-Smart

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Image via Flickr by Dave Hosford

If you ride regularly, it’s essential to pay attention to fuel consumption. The fuel efficiency of your riding habit largely depends on the type of motorcycle you own, but it’s possible to save on gas by adopting certain riding practices. Accelerating rapidly and sporadically can cause your bike to consume more fuel. Try to accelerate gradually and maintain constant speeds when you can. Additionally, taking unnecessary weight off your bike and choosing smoother terrain can cut fuel consumption. Another way to save on gas is to use a cheap fuel-finding app.

Save on Insurance

Insurance is mandatory, and it usually takes up a significant portion of the cost of owning a bike. To lower your bike insurance premium, you can join a motorcycle club or organization that offers insurance discounts to its members. If you’re a safe rider, you should consider having a higher deductible. A high-deductible policy is more affordable, but it means you’ll have to pay more out of your own pocket if you get into an accident. A good rider with a clean record usually gets lower rates from an insurance company.

Adopt Safe Practices

Safe practices don’t just make your insurance more affordable; they can also help prevent accidents and other circumstances that can lead to significant financial loss. If you’re not well-insured or covered for certain situations, you may have to use your own money to pay for damages in an accident. Even a minor accident that results in dents or scratches can cost a substantial amount of money. Also, there’s the possibility that someone may steal or vandalize your bike. Therefore, it’s important to exercise caution at all times, whether you’re riding or parking your bike.

Besides lowering your bike ownership cost, these tips can also help you become more knowledgeable about your bike and riding habit. A little conscious effort can go a long way in making riding less financially stressful and more enjoyable.

4 Ways to Save Money While Riding

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