Laws have been passed to help regulate young bike insurance. New riders as well as those that are only 17 are limited to 125cc motorcycles. While this helps, the cost of insuring a motorcycle at a young age can be very cost prohibitive. There are ways to overcome the high costs by considering several different things throughout the rate quote process.
When anyone is looking for young bike insurance, it's important to compare prices from one company to another. It's impossible to know who has the lowest premium without having a point of reference. Therefore it's a good idea to get quotes from at least four different insurance companies. One may put an emphasis on a safe driving record while others put a stronger emphasis on the bike that's being driven.
Being a student can be to one's advantage. Many insurance companies will provide a student discount if a person's grades are in line. Student with excellent grades will typically qualify for a lower rate for bike insurance. Not all companies offer a discount, however, so it's a critical question to ask when getting rates from the various companies.
An advanced rider course can also help to keep young bike insurance affordable. Many young bikers file a claim within the first few years of being on the road. This fact is what makes it more expensive to insure drivers that lack experience on the road. As a result, an advanced rider course can be all an insurance company needs to show that there isn't a lack of experience on a motorcycle.
The laws throughout the UK state that a driver must hold a provisional license prior to getting a full license. The longer a person has a full license, the more affordable it will be to get bike insurance. Therefore it may be best to combine policies with someone in the household that also has a bike that has had their license for longer. Multiple bike discounts can significantly drop the costs of bike insurance.
Speaking to an insurance company representative can be advantageous. Discounts can be offered to those who are a member of certain bike organisations, have good grades and who hold other insurance policies with the company. Every company is looking for new business and they will often do whatever they can to reduce the costs.
Knowing what influences the rate for bike insurance will make it easier for younger people to find affordable policies.
Motorbike insurance for new riders is notorious for being higher than for riders who have years of experience driving on two wheels. There is a difference in a license for an automobile and a bike, therefore insurance companies will know whether a driver has the experience or not. Searching for low premiums can be most effective by using the internet.
One of the first things that an online rate quote tool will ask for is how long a driver has had a motorcycle license. The longer the answer, the more affordable the premium will be. Particularly if the response is under a year, the insurance company will increase the rate because of the probability of a driver filing a claim.
Another question that will be asked which is critical to getting motorbike insurance for new riders is how long in the past 5 years a driver has been riding with a full license. This doesn't account for any driving done with a provisional license. The best answer is 5 years, however the correct response should be recorded. If it's anything less than 5 years, additional tactics should be employed to try and reduce the rate.
The insurance company will ask if a driver has passed any advanced rider qualifications. If the answer to this question is yes, it can drastically reduce the premium that is quoted. These classes can teach a new rider the rules of the road more and show an insurance company that they have done their due diligence to become a safe driver.
The type of bike is also important. Laws limit 17 year olds and new riders to 125cc motorcycles. However, it is still possible to have variations in the rate quoted based on the make and model. Before purchasing a bike, it's critical to consider insurance costs. The more safety and security features on the bike, the easier it will be to get an affordable rate.
The benefit of shopping online is that rates can be provided in under a minute. The questions are typically yes and no answers with a few things to be filled in manually, such as the value of the bike and how many estimated kilometres it will be driven each year.
Everyone is looking for motorbike insurance to be affordable, particularly new riders. As a result, it is best to look online to achieve the fastest and most affordable rates from company to company.