So, Why do younger riders pay more for bike insurance?

[JonB]

Taken from local rag...

[B_A_B]

[JonB]

Yes, I see what you are saying, but as insurance is primarily based upon Postcodes, surely in Somerset insurance premiums should reflect the local conditions.

Yes, I know that people from all over the country ride on Somerset roads from time to time.

I'd be interested to see the national statistics.
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[B_A_B]

Insurance companies aren`t daft are they mate....despite how a lot of people think it`s the older riders who are the bigger risk...it can`t be true can it.
Insurers do a lot of research into risk assesment/analysis and wouldn`t offer reduced premiums to the highest risk groups.

However much "some" people wanna think the opposite...the quotes speak for themselves don`t they.

If insurers really wanted to do things the right way they`d reduce premiums on an individual basis based on each persons merits and yearly track records .....not on age groups.
That`d be too much paperwork and hassle for them though so we all get thrown into big groups and judged as a whole.
It`s dumb...but that`s the way the world turns.

Postcodes are only part of the equation that makes up their complete analysis.....that`s mainly for reasons of theft/crime.
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[s44678]

Remember your insurance isn't just to cover you if you have a smash. It covers potential loss and theft of your bike as well.

An older rider is more likely to have a secure house & garage, less likely to be nipping roound to mates houses, leaving the bike in dodgy areas, more likely to spend money on decent security etc etc. You get the idea.

[Kickstart]

Hi

I would seriously doubt those figures as they are way out of line with national figures.

2006 figures (2007 are not out yet) there were 643 16-19 KSI on bikes over 50cc, 1317 20-29 KSI on bikes over 50cc, 1389 30-39 KSI on bikes over 50cc and 1238 40-49 KSI on bikes over 50cc. Total KSI was 5403 on bikes over 50cc. On those figures nationally for large bikes in 2006 the 30-49 age group made up 49% of the KSI

All these exclude pillions (68, 68, 50, 46 resepctively) and bikes under 50cc (504, 84, 58 & 44 respectively), which would make the figures for the 16-29 age group look even worse (would put it to 44% of those KSI being in the 30-49 age group).

Nationally it works out that at 1 in 13 of those killed or seriously injured were 16-19 purely on 50s, the other 87% being all other ages on any bike plus those 16-19 as passengers or on higher capacity bikes .

While there might be some merit to extra tests for those returning, this would be hideous to administer (after all, how would I prove that I have been riding for the last 5 years rather than just having an insurance policy?), would entail massive costs and its prime purpose would likely be to stop people riding.

All the best

Keith
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[gmanxiii]

[doggone]

[Kal]

[st3v3]

Younger riders are obviously less experienced and have more crashes, not neccesarily sertious ones. Look at me, Luke VFR, Half_Lyfe etc etc.

It shows an obvious trend and they are happy to be wary of this and up the prices, this also helps to keep their pockets lined as a bonus.
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[adilxs]

Hi all,

Just joined, great forum

Got a quick q on insurance, how much roughly would It be to insure a 19year old(full driving license but provisional bike license) on a cbr125 fully comp or 3rd party.

Just looking for an approx figure!

thanks

[Timmeh]

[Kal]

[stinkwheel]

A case in point

Not a serious accident, nobody hurt. Resulting from inexperience, lack of observation and delusions of invulnerability inherant in younger drivers/riders. It'll work out as a bloody expensive dunt by the time it's all ironed out though. BMW light clusters and paintwork does not come cheap.
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[Kickstart]

[stinkwheel]

[Kickstart]

[stinkwheel]

[Shay HTFC]

A 40yr old killing himself after going into a countryside bend too hot costs less than a teenager crashing into a car in the middle of town.

You don't pay out to dead people
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[Kickstart]

Hi

Small bike maybe, but a sports bike to those who haven't got a clue about anything on 2 wheels.

All the best

Keith
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[trevoriv]

Shay hit the nail on the head there. The incident involving the MX5 could easily get upto the £20k-30k mark if there was a passenger and both occupants claimed whiplash and the vehicle took a while to repair therefore incurring massive hire charges.

Whereas when a biker hits a tree the main cost is the cleanup of the bits of body and bike which generally tends to be less than a couple f whiplash claims.
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[tutton]

Because all of us in somerset is always pissed on 'ye ol cider
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[thefallenange...]

Younger riders are more likely to have a costlier accident on insurance where as older riders are more likely to kill themselves due to being able to afford bigger bikes and being more in the mid life crisis zone. So that in a nutshell is why but if i had my way i'd be getting the government to get something going to dis encourage older riders who've gone through all bikes to go buy something fast which is likely to catch themselves out as they've only been out riding it for 20 miles in the past 3 months.
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[Ben.]

your only looking at deaths, look how many minor smashes young drivers on here have the compared to the oldies. that and the younger you are the more you ride like a cunt as well.
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[Kal]

Get me a nurse quick, I just gave HL positive


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