Which factors will affect/reduce my bike insurance premium quote while buying two-wheeler insurance online?

If you are looking forward to buying a bike insurance policy with a reduced premium amount then there are a few things you need to consider. Following are the factors that affect bike insurance premium quote:

  • Model of the bike - Bike’s model and bike prices will affect the premium amount.

  • Year of manufacturing - Bike’s manufacturing year will dictate the premium amount of the bike. A Honda Unicorn, made in 2015, will have a different premium amount that the one made in the year 2020.

  • Engine Capacity - Engine capacity of the bike is another feature that affects bike insurance premium.

  • Age of owner - Age of the owner is another crucial factor that affects the premium cost of the bike insurance policy. If a driver is 18 years old and less experienced than a 40-year-old experienced driver, then the 18-year-old driver will have to pay more premium.

  • Geographic location - Geographic location also matters while buying a policy. If you reside in an area where chances of accidents are high, then you will have to pay more premium.