What Does A Motorcycle Insurance Companies Base Premium On?


What does a motorcycle insurance companies base premium on?

Once you have bought a motor bike, its time to insure the vehicle and you. Motorcycle insurance is required by law but also protects you financially if any accidents occur.

A motorcycle insurance companies decides your premium based on these things; your bike, your age, your driving history, your address and your mileage. Your bike is judged on its make, engine and how old it is. A new powerful motor bike will add more to the motorbike insurance than an older basic one.  Age is also used as a deciding tool. If you are older the premium is likely to be cheaper as they presume you are more sensible than an eighteen year old. If you are new to motorcycling, however, you may pay a higher premium whatever your age. Your address is checked to see if you live in a high crime area. If so there it is more likely that your bike could be stolen. They also check how accident prone the area is. If so, the motorcycle insurance may increase. Driving history is checked to see how many incidents you have had in the past. A clean licence will get you cheaper insurance whereas a licence with claims will increase the premium. Mileage is checked to calculate the likelihood of an accident to happen. If you use your bike frequently there is more chance of an accident happening. If you ride your bike to work, your job is also checked. If the environment is dangerous like a builders site the insurance will increase.

To get a better deal you should research and constantly look for a good deal. By asking many companies, your chances of finding the cheapest motorcycle insurance are greatly increased. Adding extra security can also save you money. Alarms and a safe place to park your bike, like a garage, will lower the premium. Taking additional driving lessons can help also. The special DMV and others adds driving experience making insurance cheaper. Over insuring is not needed. The insurer will only repay the bikes market value if there is an accident. If possible lower the mileage as this again lowers bike insurance

 

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Posted Date: Monday, April 20th, 2009
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30 Responses to “What Does A Motorcycle Insurance Companies Base Premium On?”

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  15. camull karson says:

    well u know what i mean about us having different senses of humor but still having senses of humor,

  16. daveera dillumbhoy says:

    Was one of those police officers Bingo, the old bassist or am I just going mad?

  17. gvar says:

    best bet is to call the dmv and ask.

  18. huys milkis says:

    Check this one. I heard they offer affordable insurance.

  19. menathakes sancice says:

    a few years ago a couple went out to dinner. later that night the babysitter called and asked if she could put a sheet over the clown statue in the kids bedroom. the father said “get the kids out of the house and I’ll call the police. we don’t own a clown statue.” it turned out that the clown was a murderer escaped from jail. if you don’t repost this message on 10 videos the clown will be in your bedroom tonight at 3am with a chainsaw sorrry I did this I was scared

  20. RT ladies ONLY…quick question..whats your favorite TV show~ Bad Girls Club…I RUN THE DMV!! Ahahahaha

  21. klima says:

    leave em alone fucker

  22. supakiyosh says:

    Everytime I see a guy w/ long hair I think its you! Know u handling biz down in the #DMV!

  23. ribertridi azmannelle says:

    202 270 1210 lmao he mad as shit son cause the squad callin & laughin him out. I heard u tryna fuck raw in the #DMV #Damnyounasty

  24. mars says:

    Cheaper Health Insurance in 11 Steps | Health blog: Nothing could be simpler than using an online health insurance…

  25. markhard says:

    Keep the title for the frame when you sell it and just contact the dmv…

  26. welli koza says:

    Ok I officially hate dealing with insurance companies. They just love to stick it to motorcycle riders.

  27. amote says:

    Motorcycle insurance companies offer their clients numerous opportunities that should ease their choices for certain insurance policies. Among the facilities that motorcyclists are offered by these firms, an important one is the opportunity of having access to free online motorcycle insurance

  28. cue now says:

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  29. fairschula pietrundy says:

    that girl is pretty hot

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