OP-ED by P. Wimsett
(Note: the following contains information about insurance pricing from the customer point of view. It has not been evaluated by insurance professionals nor is it meant as insurance advice.)
For those who wish lower fuel prices and road tax a motorbike is preferable to a car, but if you are under 25 you can lose what you save in increased insurance premiums. Most people know that insurance for young motorcycle riders is expensive because they don’t have years of experience on the roads, or in life.
Age is not the only thing that means you will have to pay more for your insurance. Other factors include the make of the bike, the engine power (also known as the CC, the measurement between the bore and the stroke). The stroke refers to the rotating motion, or cycle of cylinders, which draw in fuel air mix and exhale exhaust. Engines tend to be either two stroke or four-stroke. The bore is the length of the cylinder. You will also have to pay more if you break the no claims bonus.
A biker may ride any size of bike after passing his test. Moped users do not need any test at all, but it helps in terms in insurance.
So, ways to keep costs down include having a bike with a small engine, driving as safely as possible, keeping the bike safe and secure, and gaining advanced qualifications (check out the state laws).
Of course, wearing a helmet used to factor in insurance price, but now it’s the law pretty much everywhere. It is best to not modify your bike (which might be described as “keeping a sensible bike” – rare is the motorcyclist who doesn’t wish to change things).
Also, be certain you added yourself as a named driver; because if you don’t state yourself as a main driver the insurer can refuse to pay up if you have an accident as they have no idea if it is your bike or not.
It is debatable whether it is worth increasing your deductible. Although payments are reduced, it does mean that if you do need to claim you will pay a higher share of it.
If you carry a passenger, you will need pinion coverage, so they are covered in the event of injury. As with any insurance peace of mind is everything.
When obtaining a quote make sure you have all the details to hand, including your license number and in addition the number of your motorbike.
It is vital that you only pay for the coverage you need: should you only drive on holiday for example or alternately for test drives, you should attempt to get temporary cover–there are specialist insurers who can do this for you. It’s advisable to look at comparison websites too.
Before you attempt driving another person’s motorbike make certain that you’re covered to do so, many people do not check these things. You don’t want to fork out for a new motorcycle hoping to save money and that may be the least of your problems.