|
Home / Cars and Trucks / Motorcycles
Reducing your Motorbike Insurance Premium
By:Shaun Parker
Motorbike insurance premiums are calculated on a huge number of different factors and the figure that you get is a result of a very long and complicated calculation process. However, there are certain key criteria that can have a big influence on the motorcycle insurance premium that you receive once you have tapped in all your details.
The important Points
1. Type and value of bike
2. Riders Age
3. Where you live (postcode)
4. Riding experience and record (i.e. convictions and claims)
5. Possession of No Claims Bonus
6. If bike is garaged
7. Security
8. Type of cover (comprehensive, third party fire and theft, third party only)
Now the rider clearly cannot change some of these factors such as age and their riding record, and others are impractical to change such as where the rider lives. Others though can be altered to ensure the motorbike insurance premium the rider has to pay is minimised.
Security
This can have a large effect on the size of the motorcycle insurance bill you will be paying if the bike is new/nearly new and is highly valued and can impact the premium by hundreds of pounds, and it obviously is the easiest thing to change. Thus an investment in a good security device can immediately save you money in year one as the bike insurance premium can be reduced by more than the cost of the device.
Type of Cover
What type of cover is required is the riders choice and choosing TPO or TPFT rather than Comprehensive can reduce your motorbike insurance premium substantially provided you are OK with the reduced cover. For bikes of low value TPO is frequently the obvious choice.
Garaging
In areas where the risk of theft is high, e.g. in built up urban areas and/or the motorcycle has a high value and/or is a prized bike, then being able to garage the machine overnight will significantly reduce any motorcycle insurance premium. The garage will normally have to be lockable and brick built, e.g. wooden or corrugated iron structures are usually not acceptable and it is standard practice for the bike to always be kept overnight in the garage when it is on the proposers property.
If you do not have a garage do you know anybody who does who would be prepared to keep your bike overnight? This is normally acceptable to insurers. Think of that reduced bike insurance premium!
Type and Value of Bike
If you have not yet bought the bike then it makes sense to think of the likely size of the motorbike insurance premium you will pay as you consider your options. If you are under 21, and especially if you have no no claims bonus, then any sort of sports bike will result in a very high bike insurance premium and the more powerful it is the higher the premium.
For anyone who has just obtained a full licence, a less powerful mid sized roadster such as a Honda Hornet or Suzuki Bandit will result in a much lower motorcycle insurance premium.
If you are buying a starter bike and riding it on a CBT, and especially if you are under 21, to ensure a low scooter insurance premium, buy a second hand low value bike (worth less than 1000 pounds) and insure it TPO.
These are all the factors you have control over and should consider if wanting to reduce your motorbike insurance premium as these are the ones that can have a substantial impact over what you will be quoted. There are others such as mileage in the year or whether you will be carrying pillion, but their impact will be much less.
Also, as stated earlier, your age and driving/riding record cannot be changed (unless you decide to be dishonest and as well as being morally questionable you run the risk of a claim being refused if your dishonesty is discovered). It might also be considered a bit drastic to move just to reduce a motorbike insurance premium.
Digg
del.icio.us
Blink
Stumble
Spurl
Reddit
Netscape
Furl
Article keywords: Insurance, Motorbike Insurance, Motorcycle, Bike, Comprehensive, Third Party, Fire, Theft
Article Source: http://www.articles2k.com
Shaun Parker has just bought a classic Kawasaki Z900 and wants to share his knowledge of how Motorbike Insurance premiums are calculated.
|
|
| Top Motorcycles Articles |
|
|
- 2). What To Look For When Purchasing An ATV Tire By : Mike Barus
If you are in the market for purchasing tires for your all terrain vehicle (ATV), there are several factors for consideration. There are a great variety of tires on the market and it is quite easy to become overwhelmed at the sheer number of choices available from different brands. In order to find the best tires for your specific ATV that meets your needs, consider these three points:
1.
|
|
|
- 4). OEM or Aftermarket (Detailed Version) By : Maricon Williams
You may be needing of an OEM motorcycle part or may be not. Read on to know more.
OEM part is short for Original Equipment Manufacturer part. At first sight, it may be understood as originally manufactured per se. However, many motorcycle manufacturers do not really manufacture every motorcycle part of their bikes. They have some parts designed and manufactured by outside companies.
|
- 5). Complete Guide in Choosing Motorcycle Jackets By : Maricon Williams
Experts choose the best. As much as possible, we want to be choosing the way they do, right? Moreover, we have to know their standards and qualifications.
Choosing motorcycle jackets for one can be a taxing process if you do not know where to start and what areas to put special attention to. To expunge confusion from your weary head, here is a complete guide.
|
- 6). Choosing the Best Radar Detectors for Your Motorcycle By : Nicola Kennedy
Because of the legal/illegal status of radar detectors in the US market many different models with different functions from different brands have emerged onto the market.
Some of these radar detectors are the following:
• Radar Screamer. This unit provides immediate warning in order to get the attention of the driver. This enhances the audio warning which is produced by many radar detectors to allow the motorcycle rider to better hear the warning while at constant speed.
|
- 7). I want those TIRES By : Maricon Williams
Tires are important. In fact, your choice of tires can affect comfort, handling, safety and more.
There are two kinds of tire construction. The first is the bias-ply and the other is called the radial. Bias-ply construction is generally used by cruisers. On the other hand, radial construction is used by sport bikes. You can easily distinguish one construction from the other for bias-ply has round profile while radial has a flatter and shorter version.
|
|
|
|
|
- 10). Chopper Parts By : Jason Gluckman
Few road vehicles look as unique and stunning as Choppers. These customized bikes epitomize all things wild and creative in the bike world. In simple terms, a chopper is a bike, usually a Harley Davidson or Indian, which has several of its parts ‘chopped off’. This is done in order to make the vehicle lighter, easier to maneuver and more eye-catching.
|
| New Motorcycles Articles |
|
|
|
|
- 3). Repairing The Headlights On A Scooter By : Jason Uvios
A scooter with the safety feature of a headlight will require some amount of maintenance so you always have a fresh bright headlight. A headlight is generally sealed tight, so little or no water is going to enter the headlight fixture.
|
- 4). Choosing and Installing a Motorcycle Battery By : Christine Harrell
Although a motorcycle battery and other types of vehicle batteries are built for longevity, over time batteries will slow down and eventually wear out. This occurs when the sulfate that flows over the plates begins to build up a residue on the plates, slowly diminishing the conductivity.
|
- 5). Motorcycle Tires Q & A By : Maricon Williams
Here are few of the frequently asked questions about tires:
1. Why are new tires better?
First, new tires are better because it is organic and it decomposes. Second because the older the tire gets, the more it is exposed to outgassing. Outgassing makes the tire brittle.
2. What’s the right tire age?
In essence, the principle is the newer the tire the better.
|
- 6). Breaking the Habit By : Maricon Williams
We can greatly appreciate the enormous benefit of motorcycle brakes the moment we are faced with our most nerve-racking and supposed-to-be dreadful ride. This is the reason why we have to maintain it well.
We must be certain that it will not keep us hanging whenever we need it. It can turn out to be our last feasible resort – no second chances because what we can be battling in the situation is our loved one’s life or our very life.
|
- 7). When to Buy… By : Maricon Williams
This is a difficult question. But to boot, we are the ones who will decide when shopping for motorcycle parts. Thus, we must know how to choose cleverly. We have to do it after evaluating each of the possibilities available.
The rule of thumb though is: if you are looking for a replacement or improvement part, first you consider the availability of the motorcycle parts.
|
- 8). Motorcycle Jacket’s Comfort and Protection By : Maricon Williams
Well, they choose scientifically and practically. There must be comfort and protection not just style, same thing with motorcycle apparel such as jackets. They must also give both comfort and protection.
However, there are some areas that need special attention. Let us discuss them one by one.
1. Material. Motorcycle jackets may either be leather or non-leather.
|
- 9). Saddle Risks Away By : Maricon Williams
Motorcycle seat height is one of the concerns of riders. Thus, it must be chosen with important considerations. This is because of the fact that saddles greatly affect the rider’s driving and maneuvering skills.
Seat height is measured in inches. Together with the seat height, the manufacturing date and the bike model is also given in the specifications.
|
- 10). Donning Rider’s Insignia By : Maricon Williams
There are different styles and designs of helmets available in motorcycle stores these days. Colors range from classic solid colors to domineering neon and luminous colors to promote conspicuity. There are also replicas that look like ‘super bike champ wear’.
Street motorcycle accessories like helmet are matters of personal taste. In that case, aesthetic side is often chosen over anything else.
|
|
|
