Motorcycle Insurance Hack

[@wolfe1970]

This isnt a hack, its common knowledge that older bikes are cheaper, cause the value of the bike is less, the insurance cover on bikes is mainly on theft over accidents and its cheaper to pay out on a older bike as their value is less

[@CharliesBikerTales]

Yep, although this may seem odd to new riders who have only ever experienced car insurance, as that correlates far more to engine size. I'm just trying to help spread some awareness for newer riders like myself. Happy New Year! Thanks so much for the comment and feedback

[@750triton]

In the second year, my sons 125 insurance went down from 900 to £400. Then he passed his mod 2 and he got his restrictor kit fitted to his 98 600 bandit, insurance went back up to £1200 a year. Last time he checked, his second year on the 600, insurance is going to be about half.

[@CharliesBikerTales]

Yeah it's such a shame insurance is so high, just adds another barrier into encouraging more motorcycle riders. What I have noticed is 2years of license and 2 years no claims makes a huge difference.

[@martinowl]

Good advice. The quote you got for the Honda 500 is ridiculous.

[@CharliesBikerTales]

Yes completely agree, it appears motorcycle insurance seems to not follow logic.

[@nicholassciville1646]

I must say , I had a VX 800 once it was an oddball bike but i liked it , I have a Guzzi V11 now so there .

[@CharliesBikerTales]

Oh wow what a bike ! I guess quite rare as well I have never seen one. They look beautiful though

[@adfro76]

Come on man, that’s not a hack it’s common sense!

[@CharliesBikerTales]

Maybe, but for some who have only ever experienced car insurance......which doesn't really work in the same way (more correlates to engine size rather than vehicle age) it can seem odd. Also for someone looking at a new cb500 which could be classed as the optimal first bike .....it might not be from a financial perspective. Think the more information we can share the better. What maybe obvious to some with experience may seem odd to new riders. I know at first it did to me. Hope you have had a great New Year! Thanks for the comment and feedback