When speaking of vehicle insurance most often it refers to a certain car or a 4WD vehicle. But do not forget that there are other means of transport such as bike, which is becoming more used in large cities due to its ease of parking and agility to travel at rush hour , for example, and, of course, no obligation to secure them .
So far this year, the market for motorcycles and mopeds has risen from 7.9% of sales by the Automotive Research Institute, which is experiencing a tendency to use increasingly this means of transport for travel.
As mentioned before there is little talk of bike insurance and the factors or circumstances that serve to fix the price of the premium. In response to increased sales of motorcycles and mopeds experienced so far this year, it is very important to choose the motorcycle insurance that best suits the characteristics of the driver and the bike. Therefore there is nothing better than knowing what is going to make sure the price of our bike.
Factors affecting the price of motorcycle insurance
City of movement and use of the bike. This is one of the main factors that insurance companies take into account when setting the price. The larger the city and likelihood of accidents have, the higher the insurance premium. The price of insurance in a city can be twice that of another city. The price of each city varies in response to the loss ratio and the characteristics of the city where it will circulate the policyholder, such as Madrid is one of the places you could get more expensive motorcycle insurance since heads the list of cities where motorists have suffered more accidents.
Driver age and length of license. As happens in car insurance, age is a factor also because the lower the age of the driver of the motorcycle, the more expensive it will be safe as it is meant having less experience. Similarly happens with the age of the card, the more years old, lower price.
Accident history. Another factor is the driving record you have, which is why people with a number of accidents behind the insurance premium they will more expensive than those that have not suffered any accident or suffered a few.
Information old insurer. In collation with the previous point, to hire a motorbike insurance policy new information prior carrier (if any) can bring about you also determine the amount of the premium. All this information provides a host of data that set the price, plus the new insurer is likely to keep the old subsidies so the price of insurance will be lower.
Engine size and age of the bike. Just as happens in cars, power and age of the bike influence the price. The more powerful the bike will be higher insurance rates, and will not equal the premium for a new bike for a second hand bike.
Frequency of use of the bike and parking place. Both factors contribute to the price when hiring a motorbike insurance emphasis on the use that is going to give the bike and it will not be like the price of insurance for a motorcycle that is used daily that a bike that on weekends or sporadically used. Where will “sleep” the bike every night is important because it will increase or decrease the likelihood of theft and therefore accordingly vary the price of insurance (in cases where theft coverage is included) .
These are some of the factors affecting the price of motorcycle insurance (there are more such as marital status, sex …), all of them must be taken into account and know that is data that insurers are referenced to establish the price attending to the countless statistics that handle.
So far this year, the market for motorcycles and mopeds has risen from 7.9% of sales by the Automotive Research Institute, which is experiencing a tendency to use increasingly this means of transport for travel.
As mentioned before there is little talk of bike insurance and the factors or circumstances that serve to fix the price of the premium. In response to increased sales of motorcycles and mopeds experienced so far this year, it is very important to choose the motorcycle insurance that best suits the characteristics of the driver and the bike. Therefore there is nothing better than knowing what is going to make sure the price of our bike.
Factors affecting the price of motorcycle insurance
City of movement and use of the bike. This is one of the main factors that insurance companies take into account when setting the price. The larger the city and likelihood of accidents have, the higher the insurance premium. The price of insurance in a city can be twice that of another city. The price of each city varies in response to the loss ratio and the characteristics of the city where it will circulate the policyholder, such as Madrid is one of the places you could get more expensive motorcycle insurance since heads the list of cities where motorists have suffered more accidents.
Driver age and length of license. As happens in car insurance, age is a factor also because the lower the age of the driver of the motorcycle, the more expensive it will be safe as it is meant having less experience. Similarly happens with the age of the card, the more years old, lower price.
Accident history. Another factor is the driving record you have, which is why people with a number of accidents behind the insurance premium they will more expensive than those that have not suffered any accident or suffered a few.
Information old insurer. In collation with the previous point, to hire a motorbike insurance policy new information prior carrier (if any) can bring about you also determine the amount of the premium. All this information provides a host of data that set the price, plus the new insurer is likely to keep the old subsidies so the price of insurance will be lower.
Engine size and age of the bike. Just as happens in cars, power and age of the bike influence the price. The more powerful the bike will be higher insurance rates, and will not equal the premium for a new bike for a second hand bike.
Frequency of use of the bike and parking place. Both factors contribute to the price when hiring a motorbike insurance emphasis on the use that is going to give the bike and it will not be like the price of insurance for a motorcycle that is used daily that a bike that on weekends or sporadically used. Where will “sleep” the bike every night is important because it will increase or decrease the likelihood of theft and therefore accordingly vary the price of insurance (in cases where theft coverage is included) .
These are some of the factors affecting the price of motorcycle insurance (there are more such as marital status, sex …), all of them must be taken into account and know that is data that insurers are referenced to establish the price attending to the countless statistics that handle.
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