Factors influencing Insurance Premiums!


Everyone wants the best insurance premium! So how do you go about getting the best value? Insurance has always been a high risk venture, premiums for motorcycles, quads and scooters are therefore calculated differently to that of a car. Knowing these factors can help you get the best value out of your insurance cover.

Lets take a look at a few of the factors that influence your premiums...

The Motorcycle

Additions such as an alarm system or tracking device will lower the rate, together with storage in a secure area. Bear in mind that expensive features like GPS systems or sound systems increase your premiums.

Newer motorcycles are prone to theft so high risk neighbourhoods can make your coverage more expensive! Try to avoid parking your bike in risky areas on a regular basis i.e. inner-city streets, busy sidewalks and so on!

Drivers License

Although it's nice that your learner licence allows you to ride for up to a year and a half, a full licence affords you greater credibility, and thus lowers your premiums. Get your full licence!

Rider Training

In the interest of all our riders safety we recommend the advantages of completing the Advanced ROAD Rider Courses (These are certificated courses, not Track Days) available as on going training.Those with a Learners Licence who complete the course will have their premiums calculated as if they had a full Rider's Licence. If you send us your certificate for completeing the course, we will then waive the learner's rider excess. Click here for Rider Training

The Age of the Rider!

How long the owner has operated a motorbike is a major factor!
First-time bikers will be charged higher premiums despite their age. To save money on coverage, it is advisable to take a motorcycle driving class through a legitimate track school. Find out more through one of these bike shops!

The Perception of Bikers

In the past bikers were perceived with a negative attitude! This view still persists, especially with larger companies who do not specialise in motorcycle insurance. In South Africa, thankfully there are companies like Harnacks Insurance who have known that not all bikers deserve this reputation.

Using a more up-to-date and less biased calculation, Harnacks make sure low-risk policyholders no longer subsidise high-risk individuals!

Low-Risk Policy Holders

Riders who prove to be competent, receive the best premiums. Obviously age is one factor to consider. If you've been biking for 20 years, let your insurer know. If you've got an excellent history without accident or have never made a claim, again let your insurer know you're a credible rider.

However, if you are older, although inexperienced, or younger with much experience, this will also play a role in determining your premium. Talk to an insurance company who offers a personalised service and they'll evaluate your individual circumstances.

Also, riders who use their motorcycles for recreation, as opposed to regular commuting, will have a lower premium. The frequency of use therefore determines your level of risk.

High-Risk Individuals

Another factor is the size of your bike and its cost. Expect to pay more for a Kawasaki ZX14, 1400cc than you'd pay for a Honda Super Four, 400cc.

If you ride a customised bike with performance parts, you're considered differently than if your motorcycle was stock standard.


Taking these factors into consideration will lower your premiums. Customise your motorcycle insurance by informing your insurance company, lowering risk factors and becoming a credible rider. Ride to live, live to ride! Homepage | About Us | Contact Us | Contact a Motorcycle Dealership | Site Map | Links | FAQ

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