Motorcycle Articles

Where can you find cheap motorbike insurance? Many factors have an effect on how the companies will rate your premium like :

1) Your motorcycle – like cars, if you have got the latest, flashiest more expensive bike then you will pay a greater price. If you are new to motorbikes, it’s a sensible idea to go for an older motorcycle to start out with. Apart from lowering your policy costs, it is better to hone your new skills on an older motorcycle than a pristine machine.

2) How long you had your license? If you have only just qualified the possibilities of you being involved in an collision are statistically higher and this can make the insurance broker nervous. You’ll be able to reduce your risk profile if you complete some advanced courses and provide your certificates to your insurance company.

3) Your age – once more statistically teenagers and younger drivers are more prone to have accidents due to immaturity combined with a scarcity of riding experience. Not all younger drivers behave recklessly but they do end up paying the price of the others. All you can really do is establish that you are responsible and mature by not getting into any hassle and steering clear of crashes. Build up your no claims bonus is one way to improve future premiums.

4) How you propose to use your bike? – If you are going to ride to work each day, you will pay higher premiums than someone who only uses it for casual rides at the weekend. The issue does not always lie with the rider but with negligent vehicle drivers who appear to think bike owners are both invisible and invincible,if they run over you, you will walk away. Unfortunately as we all know this is not true. Also where you leave your motorcycle will have an effect on your insurance.

5) Your riding history will be taken into account as well as any crashes you had while driving a vehicle. Yes I know it’s like comparing apples and oranges however the actuaries are looking for trends.

So now you know how they asses your insurance costs , what different tricks will you use to lower your costs?

You need to look around for quotes as they can vary considerably from one insurer to the next. You ought to raise your deductibles. If they perceive that you’re prepared to take on some of the risk, they will reward you with lower costs.

If possible strive to fit security features to your bike to help avoid it being stolen i.e. alarms and immobilizers’. Park your bike in the garage and not on the driveway. If you don’t use the bike to get to work, you should qualify for a discount as your mileage and therefore your likelihood of being in a crash is reduced.

Another way to decrease your costs is to make positive you’re not over insured as some policies like your household or medical could offer overlapping cover. Cheap motorbike insurance is available; you now know how to get it!

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Dec042010

Tags: insurance, motorcycle insurance, Motorcycles

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