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What Factors Affect Your Motorbike Premium

Motorbike insurance premiums are directly related to several different factors. At the top of the list is the age factor. Younger bike riders have a tendency to experience a greater number of bike accidents. Plus, the damage that occurs is typically expensive to repair. Therefore, younger bike riders usually have higher premiums for motorbike insurance.

The no claim record is also taken into consideration. Riders who can claim this will see a discount on their insurance cover premium. The longer that a rider holds this type of claim, the greater the savings should be.

Another factor that is taken into consideration is the location of the riderís place of residence. Riders who live in the country are far less likely to become victims of crime who have their bike stolen or damaged, so their insurance premiums generally reflect this fact. Additionally, individuals who live in the city generally pay a higher insurance premium.

Furthermore, a bike riderís occupation can come into play as far as insurance premiums go. Riders who travel a great deal and spend numerous hours on the road will pay a higher premium as well. More hours on the road opens up the possibility of a greater risk of an accident occurring. Plus, the number of under insured drivers on the road also increases the possibility of not securing recovery costs. Therefore, the insurance premiums are higher for individuals who travel extensively.

Where an individual parks his motorbike is a large factor when it comes to motorbike insurance. If the bike is stored in a locked facility or garage, his insurance premium should be considerably lower than it would be if he simply parked the bike on the road.

The performance level and type of your motorbike are also taken into consideration when determining the insurance premium. Owning a more powerful motorbike will lead to a higher insurance premium. Plus, particular makes such as Fireblades and Ducatis are more alluring to thieves and will lead to a higher insurance premium. Additionally, expensive bikes are more likely to have higher price tags attached to any repairs that need to be done.

Motorbikes that are not equipped with security devices usually lead to higher premiums as well. Motorbikes are often sold without these devices, so it is up to the rider to have them installed. Suggested security devices to install on your bike include immobilisers, steering locks, and alarms.

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