Motorcycle Insurance Quotes

As with other forms of vehicle insurance, the best way to ensure a good deal on motorcycle insurance is by shopping around. Especially so when motorcycle insurance quotes can differ so widely from company to company.

Part of the reason for variance in insurance quotes is the divergent methods used to classify motorcycles into insurance groups.

Whereas the Association of British Insurers (ABI) car insurance groups are accepted industry-wide, a much looser categorization of motorcycles has emerged. Thus it’s possible for motorcyles insurance companies to place one model of motorcycle into a variety of insurance group bandings. The higher the motorcycle insurance group - and there’s anything between 17 and 22 - the higher the insurance quote. The need to shop around is consequently most heavily underlined for the riders of high performance machines. For when you get into the 700cc plus zone, it’s here the largest price differences in motorcycle insurance quotes will be felt.

In addition to engine capacity, motorcycle insurance companies take a whole raft of other factors into account when calculating a quote. Greatest weight is given to age and experience, including those of any other riders using the motorcycle.

But what may have a bigger bearing on motorcycle insurance premiums soon is not so much the absolutes of age and experience, but the continuity of bike riding. With so many ‘born again bikers’ appearing on the road, and coming a cropper, it won’t long before motorcyle insurance companies start paying much closer attention to when the experience was gained. For what seems to be catching out a lot of the mid-life crisis motorcyclists is the advance of technology. Today’s motorbikes are more powerful and a far cry from those machines that were in common useage ten or twenty years ago.

After age and experience another big factor in motorcycle insurance is security. Wheel away motorcycle thefts are spiralling, leaving the insurers counting the cost. But not for long, the pain has shifted onto customers in the form of higher premiums. The worst of motorcycle premium pain can often be relieved by securely garaging vehicles overnight, particularly in high risk areas. Fitting a Thatcham-approved security system with an immobiliser is normally a smart move, too, depending on the value and thief appeal of a motorcycle.

What significance a motorcycle insurance company attaches to an insurance-reducing technique is naturally subject to the individual circumstances of the client. Most companies will be prepared to discuss with customers ways to cut their motorcycle insurance bill, for example, by reducing the number of named drivers or restricting annual mileage.

Ultimately, no-one wants to pay more than they have to for motorcycle insurance. But if you don’t ask, you don’t get!

 

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FAQ's -

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