The process to calculate premiums will differ between lenders with different factors carrying different weights depending on the risk the provider is willing to take to attract new business and the information they hold of the area you live in.

The main factors that will influence the premium you are offered is listed below. The main points are:

The type of bike, how powerful the bike is and the value of the bike The area that the owner lives in Where the bike will be kept (garage will mean reduced premiums normally) Age of rider Riders experience and driving record (i. e. any claims or convictions on record) If the rider has a no claims bonus Security Type of cover(fully comprehensive, third party fire and theft or just third party)

Some of these factors are out of the riders hands; they cannot be changed such as age and experience as well as the area (you aren’t going to move just to save on your bike premiums!).

A powerful bike in the hands of a new rider will equal very motorbike premiums. Buying a less powerful motor bike for sale would be the best solution and after a year your premiums should come down. However if you have your heart set on a particular bike I can understand that!

The easiest change you can make to reduce your premiums would be to improve the security. Investing in a good security device, can save you potentially hundreds of pounds, even in year one so it would be a highly recommended investment.

Type of motorbike insurance cover

This largely depends on the value of the bike you are insuring and your attitude to risk. A third part option will mean much lower premiums but of course the trade off is reduced cover and the replacement cost will likely being far higher than if you go fully comprehensive. If you are looking to buy one of the low value motorbikes for sale then third party is the preferred and most obvious choice.