The recession has hit motorcyclists as hard as anyone. New studies show that 80% of American workers are now working from paycheck to paycheck, up from 60% in 2009. And today, consumers who have been forced to “penny pinch” now account for 29% of the nation’s populace.
Of course, for many of us, riding our bike is a way to escape and allay the stresses of a modern day life. But with so much “penny pinching” going on, many riders are not getting in the saddle near as much as they used to. A new article in Clutch and Chrome seeks to find ways to decrease the cost of motorcycling. Several tips they offer include:
- Packing a breakfast or lunch instead of eating out on a group ride
- Organizing group stays at hotels and lodges to decrease per-rider costs
- Avoiding novelty items like t-shirts and patches when you attend a bike week or rally
- Comparing rates from multiple motorcycle insurance companies
The kind of motorcycle insurance savings you could uncover could be huge, as evidenced by this quote from Ben Sheridan, GM of motorcycle insurance for Progressive:
“Rates really vary a lot…from one bike to another, they can be five to ten times different.”
For more money-saving motorcycling tips, check out “More Motorcycle Miles For Less” in Clutch and Chrome.