If you are a young motorbike rider that has just earned a driving licence then your joy of freedom could be short-lived once you buy your own bike and gasp at high insurance rates. In the UK as in many other countries, young bike riders are perceived as high-risk riders and hence need to pay higher premiums.
If you are a young bike rider with a fresh driving licence in your hand then you too would need to pay high premium rates if you do not follow these simple guidelines to lower your premium substantially. You can start riding bikes, mopeds and scooters right from the age of 16 provided they are under the 50cc engine capacity category. However, once you turn 18 then you can also ride powerful bikes although if you seriously want to reduce your insurance rates then you should put your racing dreams on the back-burner and opt for a fuel-efficient bike with a small engine capacity. This move itself will result in substantial savings on the fuel, maintenance and insurance front. You can also ride an older motorbike instead of a brand new one to save a neat packet.
Another way to reduce premiums on your bike is to prove to your insurer that you are an expert rider. You can achieve this by opting for a specialised riding certificate known as the Enhanced Rider Scheme certificate or ERS. You can get this certificate by successfully completing a riding course developed by the Register of Post Test Motorcycle Trainers or RPMT or the Driving Standards Agency or DSA. Most insuring companies provide decent discounts once you submit this certificate.
Another way to prove your riding skills at a young age is to stay out of trouble. If you end up getting convicted for drinking and riding, speeding, causing an accident, etc. then not only will you be denied any discounts but your future quotes too will shoot up to a very large extent. You can also lower your rates by driving safely so as to accumulate no claim bonuses year after year. This will provide you with compounded discounts on your reduced premiums with each passing year.
Instead of only comparing traditional insurance companies, you should also compare motorbike insurance quotes from online insuring companies. Due to lower overheads, many online insurers can offer lower rates while offering the same features as others. You should compare at least 5 quotes along with their features before you make up your mind. As a young rider you can also try to haggle with your final choice of insurer to squeeze a few quid more out of your yearly premium.
If you can store your bike in an enclosed garage then that too could enable you to lower your quotes provided you can prove it to the insuring company. If you can prove that you are a genuinely responsible rider over the coming years then you can expect substantial discounts with each passing year.
As a young motorbike rider, you might love your new-found freedom but might get weighed down by high motorbike insurance premiums. However, by following these few guidelines, you could certainly bring down initial premium rates as well as ensure a constant reduction of rates in the following years.
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