There is passion and individuality involved in being a biker, and as a result, you may have assumed you could associate the two-wheeled enthusiast with excitement and a penchant for bucking the trend. Nothing wrong with that, but as a career it's not exactly high risk - which is however, exactly how bikers are regarded when it comes to insurance. Insurers have good reason to be wary. Four out of five motorcyclists have made a claim on their insurance over the past 12 months, driving the average motorbike premium up by 18 per cent to 722 in the last year. Those of you who haven't claimed at all in the last three years are doing well, and if you've been claim-free for five years you join a measly one in every 14 bikers who can proudly say the same.
Age is unsurprisingly a major factor in premium price.
Under 30s average about 996 per year while 'silver bikers' pay on average only 375. In contrast, the under 30s are likely to be riding about 250cc and your bike is probably worth somewhere in the region of 2000, so you are unlikely to be too keen on high insurance premiums. Unfortunately, the nature of bike riding means insurance will never be cheap. Claim statistics that scream 'high risk' at every turn cannot be ignored, but some insurers differ in the bikes they will cover, so use those IT skills and start surfing the net for competitive quotes.