The motorcycle or scooter insurance premium is the total cost for the insured that he will have to pay when subscribing to a motorcycle insurance contract . It is calculated according to several variants over a given period, most often 12 months. The price of two-wheeler insurance is reviewed each year according to several criteria such as accidents.
The insured has several ways to pay the amount of the motorcycle insurance:
Annual payment: full payment when subscribing to the contract;
Quarterly payment: every three months;
Monthly payment: the most used by the French but often more expensive due to management fees.
The insured must remain vigilant at the level of deductibles . Indeed, some motorcycle insurance premiums have very low contribution amounts, but with high deductibles in the event of claims.
How do insurers calculate the price of motorcycle insurance?
Insurers take into account many criteria to calculate the amount of the two-wheeler insurance premium, in order to determine the risk attached to the driver.
The insurer therefore seeks to determine the risk related to the driver according to several variants:
Its specific characteristics such as age ( young drivers and the elderly are determined to be “at risk”) or professional situation;
Driving history by requesting the information statement to find out the bonus-malus, any claims and offences;
The use of the motorcycle or scooter as the place of residence, the mode of parking or the presence or absence of a secondary driver.
The secondary driver must not use the two-wheeler on a regular basis under penalty of constituting insurance fraud. The registration of an occasional driver often results in an additional premium.
Temporary motorcycle insurance
The insurer also takes into account general information about the two-wheeler. The brand, model, purchase value, age, fiscal power or its options are all the more information taken into account in determining the price of motorcycle insurance.
Logically, a new, high-end motorcycle will have a higher two-wheeler insurance premium than a standard, older motorcycle. Indeed, for new motorcycles, insurers calculate compensation costs in the event of a major claim .
The level of guarantee chosen
Depending on the formula chosen, the more the driver of a two-wheeler will choose high guarantees, the more the price of motorcycle insurance will increase. This two-wheeler insurance premium will be cheaper in the case of third-party insurance , the mandatory minimum formula.
The insurance premium will be higher in the case of an intermediate formula, where guarantees are added to the minimum formula. Finally, in the case of an all-risk formula that optimally protects drivers, the cost of motorcycle insurance will be much higher.
Within the optional and optional guarantees offered by insurers, insurance per kilometer can lower the motorcycle insurance premium if you drive little!
Other factors taken into account
The evolution of claims (all claims of all policyholders) during the year is also a factor affecting the two-wheeler insurance premium. Indeed, depending on the claims that occurred the previous year, insurers adjust the amount of this tariff to cover the additional costs.
Finally, changes in the driver’s situation (moving or new driver, for example) and changes to vehicle information can also change the price of motorcycle insurance. In the case of a change of motorcycle or scooter, a new more suitable offer can be taken out at another cost.
What is the role of the bonus-malus on the price of motorcycle insurance?
The bonus-malus is a principle of reduction-increase of the motorcycle insurance premium according to the driving behavior of the insured. If a motorcyclist has a bonus, the price of the insurance will be lower than if he has a penalty, since the price of this insurance will be higher.
Nevertheless, even if the motorcycle insurance premium takes into account the bonus-malus, the reference premium remains dictated by the insurer. It is therefore difficult to play on all the factors taken into account to lower the price of two-wheeler insurance.
There are many offers on the market. It is therefore necessary to compare motorcycle insurance quotes online in order to obtain a cheaper motorcycle insurance premium, adapted to your needs with equivalent guarantees.