Insurance is a legal requirement for those who want to ride motorcycles within the UK. It ensures that damage caused to or by the owners vehicle can be compensated for. This extends to the potential theft of the bike. People with insurance pay into it at regular intervals.
There is an abundance of companies that offer motorcycle insurance. A customer’s rate will be unique to their circumstances. It will depend on their age, gender, marital status, location, credit score and profession. These will be analysed and used to create a safety rating score.
The motorcycle itself will also affect the rating for insurance. It will be lower if the vehicle model has a history of accidents or any well known flaws. The age of the bike and the likelihood of it being stolen will also be a factor.
The UK government takes operating motorcycles without a license very seriously. Those who commit this offence are required to pay a fine and may face further criminal charges. Even if someone else drives the bike, the owner may still be penalised for it. For this reason it is important for all motorcycle owners to get insured.