Insurance Quote Factors

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Well, insurance is a business of risk assesment, and hewe we have two factors involved: You and Your Motorcycle!

You
Your age - a young rider is more of a risk than a midldle aged one.
Your riding experience - a new rider is more at risk than a seasoned pro.
Your driving record - tickets
in your car mean something about your risk on a bike!
Your location - an inner city area is more of a risk than a county area.
Your accident record - same as above, it builds a picture of your ‘risk rating’.
Your occupation - a rock musician can be expected to have a different ‘risk rating’ compared to say an accountant.

Your Bike
Naturally a 1000cc racebike replica would attract a higher risk rating than a 250cc Scooter!
Modifications or tuning - tells the company this is not a normal risk.
Age of Bike - a ten-year-old standard is less risk than a new sportbike.
Value - similarly a bike worth $20,000 will be more than one you bought at a yard sale for $200.
Location - if it’s tucked up warm at night in your garage, its safer (and less risk) than if it's on the street in a downtown area!

Warning:
Although some of the above may be unwelcome truths, its vital that you are not tempted to cheat!  Whether its where you keep it, your driving record, claims you ‘forgot’ etc. If they are not picked up in the application process - they can easily be discovered if you have a claim. In this case the company can deny your entire your entire claim - and even counter-claim for fraud!

Think About It!
But considering the above insurance quote factors can be very valuable in determining the kind of bike you choose to buy and ride. If you’re not absolutely determined to have that latest Gixxer, an older sportbike will save you possibly hundreds a year.

Bad History
Similarly if you have had a troublesome history with tickets and claims, an older bike (together with a high deductible), could make your insurance affordable - when it may have looked impossible!

Motorcycle Insurance Quote Factors are calculated in obtaining your premium. Check our Listing of Motorcycle Insurance Companies

Many other details are used to quote your insurance premium, some are listed here