Who has the cheapest motorcycle insurance?
There are so many factors involved when it comes to calculating motorbike insurance that there is no perfect answer to the questions of who has the cheapest.
When you get an insurance quote, the answers you give, whether over the phone or an online form, are used by the insurer to form a risk profile. Your risk profile determines the price of your quote.
Some of the factors that are taken into consideration when forming your risk profile are:
- Your age and experience
- Your motorcycle’s make and model
- Previous claims and convictions
- Where you live
- Where your motorcycle is stored
- Your annual mileage
But in general, who has the cheapest motorbike insurance?
There are always exceptions but usually it will be inexperienced riders who have the highest insurance premiums, for obvious reasons.
This is particularly the case for young bikers because they are thought to be less cautious and therefore take more risks than older riders.
Having previous claims or convictions is also likely to raise your premium because insurers see you as more likely to make a claim in the future.
Of course there’s no hard and fast rule but these are some of the things to bear in mind if you’re wondering why the cost of your motorbike insurance is high.
Who will give me the cheapest motorcycle insurance?
It’s impossible to say that one insurer has the cheapest motorcycle insurance because every insurer calculates their prices in a different way.
So you could find that the same insurance company that provided your 18 year old son his cheapest quote will be one of the most expensive for you.
That’s why the best thing to do is shop around and get quotes from as many different insurers as you can, then compare to see which one offers the motorcycle insurance you need at the cheapest price.
The Bike Insurer can help you save time, as we compare quotes from some of the UK’s top insurers for you – all you have to do is fill in a quick online form.