Riding a small engined motorbike is the best way to ensure motorbike insurance premiums are relatively inexpensive. In general, the larger a motorbike engine is, the greater the insurance premium is going to be. This is due to the fact that as the engine is larger, it is therefore more powerful and difficult to control, requiring a more experienced rider. Coupled with the inexperience of a young motorbike rider and insurance premiums for larger motorbikes can occasionally be astronomical.
It is a widely known fact that young and inexperienced riders make up for a large amount of people involved in, or causes of, motorbike accidents. To ensure motorbike insurance premiums are at the lowest they can be, riders should always abide by the law and Highway Code. Encompassing various different points, the most obvious point is that riders should never exceed the speed limit and incur speeding tickets and penalty points. The more penalty points a rider has, the greater the risk they pose to an insurance company, as they are seen as more likely to be involved in an accident than someone who continually drives within the speed limits.
Although not ideal, choosing a lower insurance cover can be an easy way to keep motorbike insurance premium costs to a minimum. Fully Comprehensive insurance is the top level insurance and provides the most cover. However, it is also usually the most expensive and can therefore be unaffordable to many young riders. Choosing a lower cover, such as Third Party, Fire and Theft, can provide the young rider with cheaper insurance premiums as there is less cover offered, meaning the insurance company is likely to have to pay out less in the event of an accident.
A popular option amongst motorbike riding families is to ensure a young driver on a more experienced riders policy as a named rider. For example, it is quite common practice for a Father to insure his Son on his motorbike as a named rider and allow him to gain experience riding for the first year or two. However, as the young rider is only a named rider, they are not allowed to ride the motorbike for a greater period of time than the main rider. If this happens, insurance companies can refuse to pay out on any claims made on the insurance policy for breach of terms and conditions. This is a great way, assuming the young rider does not require regular access to a motorbike, to gain experience before taking out their own motorbike insurance policy.
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