How is Motorcycle Insurance calculated?

Your motorbike insurance price explained

If motorcycling is one of your passions and your bike is your pride and joy, it stands to reason that you obtain a level of Motorbike Insurance to cover you for every eventuality.

The current economic climate has resulted in more expensive running costs for your motorcycle, but insurance shouldn’t be seen as an area for cost saving. If you don’t have an adequate level of insurance cover for your bike, you could find yourself out of pocket – and off the road – in the event of an accident or theft.

How you influence your premium

All motorcycle insurance companies take your personal circumstances into account when calculating a motorcycle quote for you and it’s important that you’re honest when talking to our agents or completing our online quote application, as discrepancies may affect any claim you make in the future.

Your age and occupation

Under 25s are usually regarded as higher risk riders, and motorcyclists with certain occupations may have to pay a higher premium.

Where you live

Living in an inner city with a greater volume of traffic could increase the risk of an accident and this is considered a higher risk than quiet rural suburbs.

Previous claims and convictions

Make sure you also tell us about any previous claims you may have made on your insurance (including car, van etc.) during the past five years, and if you have any motoring (or other) convictions, including any which are pending.

Advanced riding courses

The completion of advanced riding courses may be able to secure you a discount, as this shows you invested in improving your riding skills and should be safer on the road.

NCD

Your No Claims Discount is reflective of the number of years claim free riding you have. The more years you have the better, and this represents a lower risk for insurance purposes.

Mileage

If you’re on your bike often, you’ll be clocking up more miles and this represents a further risk. Also, whether you commute during busy periods or only ride your bike socially, this will affect your price.

Multiple riders

If you want to add another person onto your motorcycle insurance policy (a named rider) you’ll also need to be aware that younger, or higher risk riders, will cause the premium to increase. Learner riders will also increase the overall cost of your policy.

How your bike influences your premium

Motorcycle Security

If your bike has an alarm fitted, uses a high quality immobiliser or bike lock and it is kept in a secure garage or lock-up when it is not being used, it could get you a reduction.

While your personal history matters, the motorcycle you ride also has a big part to play when we calculate your bike insurance quote.

Other factors

A number of other factors can affect the cost of your motorcycle insurance premium such as rises in Insurance Premium Tax (IPT) and the changing cost of injury claims to insurers.

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