Purchasing a motorcycle can be an expensive business. In your budget, you will cover for things such as clothing, safety equipment, compulsory basic training, provisional license and most importantly, insurance.
It is a legal requirement to have an Insurance coverage in Australia. Part of your initial plans should be tracking down insurance coverage that has good yet affordable motor bike insurance quotes. However, before you embark on this task, you should be aware of the factors that can affect your policy.
When looking for motor bike insurance, please note that age is an essential factor. In most cases, the general rule goes that the younger you are especially 16-24 years, the more you may end up paying for the insurance coverage. Age has an effect on the insurance premium for motorbikes.
The location of where you stay should also come into the picture. If you live in the city, your insurance policy can be double the price of what it would have been if you lived in a rural setup. The criterion behind this is that motorcycle crime cases in the city is high meaning the risk to your motorcycle is even greater. Also, where you choose to park it also counts, be it on the driveway or a garage.
The cost of your insurance premium can be changed by how you use it. If it is purposefully for business, you may have to pay more unlike if it was for domestic or social use. This is because business use involves traveling when roads are busier, and it may be more at risk.
The cost can be highly expensive for top range motorbikes hence the more expensive your bike is, the more the insurance will cost you. Its design and attractiveness may also spike the insurance price.
