Motorcycle Insurance: Motorcycle Insurance Costs

Motorcycle insurance costs can differ greatly depending on the age and history of your motorbike not to mention motorcycle makes and models and the age and riding history of the rider in question. For obvious reasons motorcycle insurers will assess such details as age and experience followed by the make and model and its cubic capacity. Motorbike insurers have complex tables to work out the correct pricing for a bike policy, which will factor in everything from riders history through to geographical location. For example a bike without a garage or secure parking in a residential estate in south London will cost more to insure than an identical bike owned by a rider with identical profiling who has his own garage and lives in the country. Broadly speaking most insurers will return similar pricing for the same individual and motorbike together with location but there are still great motorcycle insurance deals to be had by searching around online and comparing deals.

Many Insurers will be keen to gain new custom and may offer preferential rates to entice a new customer the theory for the insurer being that it is worth discounting a new customer, as they are likely to stay with the same broker for many years.

With the advent and proliferation of the internet Bike insurers jobs has been made more difficult as it is now easy for any rider at a glance to compare insurance deals across a wide number of insurers. I would strongly advice that each year when your insurance renewal comes around that you take a look online and compare what your bike insurer is offering with a number of other brokers. The advent and proliferation of motorcycle insurance comparison sites has also lead to even more competition amongst insurers leading to even better deals and lower premiums.

Its up to you to spend some time looking at what deals are out there this shouldn't take very long but make sure you compare longer term advantages like no claims bonus schemes and check for any clauses such as if an excess policy is required for example a number of policies will require the rider to pay a fixed fee if the cover is called for and excess charges can differ greatly between insurers. Lastly many motorcycle insurers will offer further discount for policies bought and transacted online, savings can be significant with some insurers offering 10% to 15% discounts on the price of a policy when said policy is bought online. Happy riding.