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Motorcycle insurance is very similar to car insurance and covers a motorcycle
in case of loss, damage and liability.
Motorcycle premiums are calculated using various criteria. These are some of the
criteria used:
-
The motorcycle: New expensive motor bikes will cost more to insure than
old basic bikes.
-
Bike Rider’s Age: Just as with car insurance, young novice riders will
fall in a higher premium bracket than older, more experienced motorcycle riders.
-
Location: Where you live and drive in an area with a high crime rate or
in a high accident area your premium will be higher than someone who lives in a
safe neighborhood.
-
Driving & Riding History: Any accidents that you have had in the past,
both in a car or on a bike, will impact on your motorcycle insurance premium. The
cleaner your record the lower your premium will be.
-
Bike Use: If you use your bike to commute to work, where you park your
bike will influence your premium. If you park your bike in a construction yard,
the risk of damage to the bike is higher and will push up your premium.
The cover options to motorcyclists are the same as for car drivers. You can opt
for the following cover options:
- Comprehensive
Bike Insurance
- 3rd Party
- Liability Insurance
- Collision Cover
- Roadside Assistance
- Fire & Theft