| The process to calculate premiums will differ | | | | save on your bike premiums!). |
| between lenders with different factors carrying | | | | A powerful bike in the hands of a new rider will equal |
| different weights depending on the risk the provider | | | | very motorbike premiums. Buying a less powerful |
| is willing to take to attract new business and the | | | | motor bike for sale would be the best solution and |
| information they hold of the area you live in. | | | | after a year your premiums should come down. |
| The main factors that will influence the premium you | | | | However if you have your heart set on a particular |
| are offered is listed below. The main points are: | | | | bike I can understand that! |
| - The type of bike, how powerful the bike is and the | | | | The easiest change you can make to reduce your |
| value of the bike | | | | premiums would be to improve the security. |
| - The area that the owner lives in | | | | Investing in a good security device, can save you |
| - Where the bike will be kept (garage will mean | | | | potentially hundreds of pounds, even in year one so |
| reduced premiums normally) | | | | it would be a highly recommended investment. |
| - Age of rider | | | | Type of motorbike insurance cover |
| - Riders experience and driving record (i.e. any claims | | | | This largely depends on the value of the bike you are |
| or convictions on record) | | | | insuring and your attitude to risk. A third part option |
| - If the rider has a no claims bonus | | | | will mean much lower premiums but of course the |
| - Security | | | | trade off is reduced cover and the replacement cost |
| - Type of cover(fully comprehensive, third party fire | | | | will likely being far higher than if you go fully |
| and theft or just third party) | | | | comprehensive. If you are looking to buy one of the |
| Some of these factors are out of the riders hands; | | | | low value motorbikes for sale then third party is the |
| they cannot be changed such as age and experience | | | | preferred and most obvious choice. |
| as well as the area (you aren't going to move just to | | | | |