You need to have some type of motorbike insurance before you start riding the bike, or you will put yourself in a very dangerous position. You will not be able to repair or replace the bike if it is stolen, damaged, or even destroyed in a wreck. When the bike is your main means of transportation, you cannot take this kind of a risk with it. You need to have the insurance so that the provider will step in and pay for the bike when you need the money. Below are a few ways to save money so that you can afford the monthly payments.
To begin with, you can always consider going more slowly when you are on the bike. Riding too quickly burns up more fuel. You will get better fuel economy if you just slow down. You may need to plan your days out so that you have enough time to get from one place to another. These savings are often ignored because people feel like they are not substantial. While it is true that the savings may not be high each day, you have to remember that the savings will add up dramatically over the course of a month.
You can also save up for motorbike insurance by cutting other things out of your budget. Maybe you go to see a movie every two weeks. Perhaps you like to buy expensive food instead of food that is on sale. Sacrificing one part of your budget can give you enough for the insurance policy. In the situations described above, you will not even have to sacrifice that much. You can just choose to rent a movie and buy cheaper food. You will still be getting everything that you want and need, but you will be paying less for it.
Beyond that, you could finish paying off the bike. If you are making monthly payments, you are spending quite a lot on the interest. You would be wiser to pay the bike off all at one time. This will give you less money to spend on other things, but it will reduce what you are spending each month. You can then turn around and put this money into the insurance policy so that the bike is protected. This is a much better financial decision since it is such a good investment.
Finally, you could talk to the insurance provider to see what kinds of deals they can offer you. They may be able to give you a better policy than you thought you could get. For example, proving that you were never in an accident can be helpful as they will see that you are a safe driver. Proving that you do not have any traffic tickets can do the same thing. You need to talk with an agent and explain both your past and your current situation. This will help the agent to give you a motorbike insurance policy that you will be able to afford with ease.