influencing Insurance Premiums!
wants the best insurance premium! So how do you go about getting
the best value? Insurance has always been a high risk venture, premiums
for motorcycles, quads and scooters are therefore calculated differently
to that of a car. Knowing these factors can help you get the best
value out of your insurance cover.
take a look at a few of the factors that influence your premiums...
such as an alarm system or tracking device will lower the rate,
together with storage in a secure area. Bear in mind that expensive
features like GPS systems or sound systems increase your premiums.
motorcycles are prone to theft so high risk neighbourhoods can make
your coverage more expensive! Try to avoid parking your bike in
risky areas on a regular basis i.e. inner-city streets, busy sidewalks
and so on!
it's nice that your learner licence allows you to ride for up to
a year and a half, a full licence affords you greater credibility,
and thus lowers your premiums. Get your full licence!
the interest of all our riders safety we recommend the advantages
of completing the Advanced ROAD Rider Courses (These are certificated
courses, not Track Days) available as on going training.Those with
a Learners Licence who complete the course will have their premiums
calculated as if they had a full Rider's Licence. If you send us
your certificate for completeing the course, we will then waive
the learner's rider excess. Click here for Rider
The Age of
long the owner has operated a motorbike is a major factor!
First-time bikers will be charged higher premiums despite their
age. To save money on coverage, it is advisable to take a motorcycle
driving class through a legitimate track school. Find out more through
one of these bike
the past bikers were perceived with a negative attitude! This view
still persists, especially with larger companies who do not specialise
in motorcycle insurance. In South Africa, thankfully there are companies
like Harnacks Insurance
who have known that not all bikers deserve this reputation.
a more up-to-date and less biased calculation, Harnacks make sure
low-risk policyholders no longer subsidise high-risk individuals!
who prove to be competent, receive the best premiums. Obviously
age is one factor to consider. If you've been biking for 20 years,
let your insurer know. If you've got an excellent history without
accident or have never made a claim, again let your insurer know
you're a credible rider.
if you are older, although inexperienced, or younger with much experience,
this will also play a role in determining your premium. Talk to
an insurance company who offers a personalised service and they'll
evaluate your individual circumstances.
riders who use their motorcycles for recreation, as opposed to regular
commuting, will have a lower premium. The frequency of use therefore
determines your level of risk.
factor is the size of your bike and its cost. Expect to pay more
for a Kawasaki ZX14, 1400cc than you'd pay for a Honda Super Four,
you ride a customised bike with performance parts, you're considered
differently than if your motorcycle was stock standard.
these factors into consideration will lower your premiums. Customise
your motorcycle insurance by informing your insurance
company, lowering risk factors and becoming a credible rider. Ride
to live, live to ride!