Insurance companies assess risk when providing coverage. A clean riding record is essential to lower motorcycle insurance premiums. This article discusses the benefits of a clean record and offers safe riding tips.
Understanding A Riding Record
Your riding record includes your name, driver’s license, moving violations, accidents, and traffic tickets. A clean record shows safe driving and helps lower bike insurance premiums. Insurers consider past accidents and claims when setting premiums.
How Your Driving History Affects The Cost Of Bike Insurance
Insurers offer concessions and better coverage to experienced riders with clean records. They check your record to assess your responsibility as a rider when providing a quote. A spotless record can lead to competitive rates for motorcycle insurance. This article explores the factors influencing premiums and the impact of a clean record on your Bajaj Allianz two-wheeler policy.
Factors Affecting A Bike Insurance Policy’s Premium
- The bike’s brand and model
- Your geographical location
- The bike’s manufacturing year
- Your history of driving
- Your past insurance claims for bikes
- The kind of plan that you select. A comprehensive two-wheeler insurance policy costs more than the premium for a third-party bike insurance policy. The riders’ selection can also affect the cost of bike insurance under comprehensive plans.
- The bike’s current market value or its insured declared value (IDV)
A clean record with few claims makes you less likely to file one. This can lead to benefits and reasonable rates when you buy bike insurance online.
How To Keep Your Riding Record Spotless
The following advice will assist you:
- Don’t Break Traffic Laws
Repeated traffic violations, like speeding and signal jumping, can label you as a risky rider, both by authorities and insurers. Safe riding means obeying traffic laws and being responsible.
- Unpaid Or Postponed Traffic Challans
Late or unpaid traffic fines can indicate a careless attitude to insurers, making riders high-risk. Pay your traffic violation challans on time to avoid such issues.
- Mishaps
Careless accidents can negatively impact your driving history. Such incidents lead to higher premiums in motorcycle insurance due to being considered high-risk clients.
- Riding While Intoxicated
Riding under the influence is illegal and can lead to high-risk status with insurers. It’s not only dangerous but also endangers others’ lives. Never ride a bike while intoxicated.
- Fast Riding
Although many young people think riding a bike involves hair-raising stunts, these can be extremely dangerous and potentially fatal for the biker and other drivers. Therefore, ride carelessly and appropriately to have a spotless driving record.
- Frequent Claims
Frequent insurance claims indicate a high-risk riding style, leading to higher premiums. Avoid making claims for minor repairs and aim to earn a No Claims Bonus, which can lead to concessions of up to 50% on premiums. Make sure you understand the motor insurance claim process well and only file a claim when necessary.
You can obtain more coverage and competitive premium rates on a bike insurance policy if you have a spotless riding record. Observe safe riding techniques and refrain from breaking any traffic laws.
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