Bike Insurance Vs Car Insurance

We all wonder, why is bike insurance the same sort of price as car insurance. Bike insurance excess is much higher for bike insurance compared to cars. Why is this?

Quote Bike explains why bike insurance is the same or sometimes even more expensive, read on.....

First of all, if you park a car and a bike next to each other on the road, the motorbike is easier to steal..... Higher theft risk = Higher insurance premium.

When there's a higher risk of theft, the excess is always higher - What is an excess?

On car insurance, the excess is normally higher for young drivers and drivers who own sports cars. But with most comprehensive bike insurance policies the excess is pretty much always high. Again, this is due to the theft risk.

If your motorcycle is kept in the garage overnight, then other insurers will offer discount on the premium and will also offer a better excess.

Last edited: 29/12/2005