Motorcycle Insurance – Why Do Companies Fear It?

Written By: Susan Reynolds on January 8, 2010 No Comment

If anything bothers the insurance companies, it is the motorcycle insurance. The companies are made to pay for the claims a little too frequently. The frequent claims happen as a result of frequent damages of two wheelers. To be on the safer side, the insurance companies make the customers pay high premiums. Let us discuss the reasons for these frequent damages and how you could settle for a low premium policy.

Many of your details will be noted by the company, and based on the details your premium is decided. Your age, occupation, bike model etc are the details noted by these companies. Sadly, after all the calculations and assessments are done, the decided premium to be paid is still too high.

It is not a secret that bikes meet up with too many accidents in a year. The accidents are far too many as compared to any other kind of vehicles. There are quite a few reasons to these frequent accidents. To start with, majority of bikers are the younger lot of people. With a young age, they do not carry plenty of riding experience. Even though they are qualified riders and possess a valid license, the inexperience shows in their riding, leading to accidents at times. With more accidents, the company can end up paying too much of money for the damages.

At a young age, the rush of blood gets you to ride at high speeds. At higher speeds, you only increase the chances of an accident. With such tendency to ride rash, the insurance companies hardly trust the bikers to ride safe.

Most people find it easy to over take with bikes as against with any other vehicle. Bikers therefore tend to over take any vehicle that comes their way. Especially on narrow roads, the bikes are unstoppable. With so much overtaking, accidents are always on the card.

There is nothing much with bikes to protect them from heavy damages. Once they get hit, most of their expensive parts get damaged. On the other hand, a car is well protected on the front as well as on the rear, with guards and bumpers. Leg guards on bikes are only meant to protect the rider’s legs.

Not for nothing do bikes give a nightmare to insurance companies. This is why you are asked to pay such high premiums by your insurance company. This however does not mean that you can not find a deal that suits you. You need to do a market survey and find out the best offer for you. With internet, it is not difficult to find a good offer. There are websites that provide all the details with policy comparisons. You can easily choose a policy that suits you. It is however important that you give equal importance to the policy and the grade of the company as you do to the premium amount.

Susan Reynolds is the webmaster for a leading South African Insurance provider who specialises in Motorcycle Insurance.