Factors

Factors that Increase Your Motorbike Premium

Motorbike premiums vary across a diverse lot of lenders and for a wide variety of reasons. The increase in fuel is bound to lead to an increase in the number of motorbike riders as well as an increase in the number of thefts and accidents that occur. Hence, an increase in motorbike insurance rates is only to be expected. What factors increase motorbike premiums?

The style of motorbike one owns is going to play a large role in the premium that a rider pays for his insurance. On average, superbikes and classic bikes are going to bring in a lower recovery rate on stolen bikes. Therefore, insurance rates for these bikes are going to be considerably higher. In general, bikes of all styles that are stored in locked facilities can garner lower interest rates in general.

Additionally, the length of time that you travel also influences the insurance premium that you pay. In general, those riders with more time on the road such as couriers will have higher insurance rates simply because they have a greater incidence of motor accidents.

Additionally, statistics culled from governmental studies have given some indication that Sunday riders are more likely to have an accident than riders who travel on other days of the week. Hence, another reason to charge Sunday riders a bit more on their premium.

A number of other factors affect the price a motorbike rider will pay on his insurance premium including age, sex, number of riders, number of safety features, and the model of bike.

What Factors Influence the Incidence of a Motorbike Accident?

Circumstances always play a role in the occurrence of motor vehicle accidents. This is true even of accidents involving motorbikes, scooters, and mopeds.

As with many road accidents, road junctions are likely to be involved in a majority of motorbike accidents. Surprisingly enough, riders of all types of vehicles just havenít reconciled with the fact that they donít always have the right of way.

Another spot that is notorious for being involved in a motorbike accident is the bend of a road, almost any road. Roadway bends provide limited visibility along with more difficult steering conditions, especially for those who might be speeding a bit along the way.

The age of the rider can also be a factor that has an influence on a motorbike mishap. According to some studies, younger riders are more likely to be involved in a motorbike accident than more experienced riders. In fact, some government studies have indicated that youth between the ages of 16 and 20 are more at risk than motorcyclists in older brackets.

To date, the sex of the rider has been shown to be a factor that influences the likelihood of motorbike mishaps. In general, men are more likely to have an accident whilst riding their motorbike than women.

Unfortunately, the lack of a motorbike helmet is likely to be one of the main causes for fatal injuries. While an increase in the number of motorbike accidents might not be the only facet that influences motorbike premiums, such an occurrence in a specific locale could have a significant impact.

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