Bike Insurance Quotes Up Over 100% Month on Month
The bike season seems to have got off to a flying start. The weather outside looks like possibly the worst type of weather for riding - its been snowing overnight, its cold, windy and wet. But it seems like riders dont car because they are coming to get their bike insurance quotes early this year.
The Bike Insurer, the World's 1st bike insurance comparison service is really enthused by this start to the bike season. Commenting on reports that the bike season seems to have kicked off early, Alex Stone, founder of The Bike Insurer said "We've been blown away by the start of this year. Historically, the bike season starts at Easter and tales off at the end of October. In the last few years this curve has flattened a little as the weather becomes milder but this year is like nothing I've seen in 10 years of working in bike insurance. We have provided 107% more bike insurance quotes in January 2008 compared to December 2007"
When asked why he thought that this year should be any different to previous years, Stone added "Well I think that with the problems in the credit market at the moment are forcing more people to watch their cashflow. For this reason, plus the horrendous costs of public transport and congestion charging in London, we are seeing a shift towards people using motorbikes, which are a relatively cheap form of transport. More new riders are coming into the market but as well as this, more riders who previously may have ridden a bike for a year to get it out of their system and then left, are now staying with bikes as a more primary way of getting around."
These comments seem to be backed up by the release of data that shows of bike insurance quotes provided in January 2008, over 50% of riders hold as least one year's no claims bonus, compared with just 35% 12 months ago.
So its all good news for biking at the moment but what does Stone forecast for the rest of this year?
"I think that bike insurance price comparison sites are going to do really really well this year as more riders want to save money. A broker, regardless of size or position in the market just cant hope to compete with bike insurance products from 19 brokers that sites like The Bike Insurer can offer. Overall I think the bike market will grow by circa 10% or more this year and thats a great prospect for everyone in the industry."
Article by Dan
Bike Insurance quotes from The Bike Insurer
