Discounts
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What makes you're premium higher or lower and what can you do about it?
 | Discount Table |
| Increased premium factors |
Below is a guide to the sort of discounts available from insurers. Obviously
each insurer mayl deal with rating factors differently.
| Factor | Solution |
Saving |
| Age. Insurers rate by age bands ie 21-24 25-29 | If you can wait until your birthday it can pay | 10-15% |
| Bike Group. Insurers base their rates on bike groups. | Check out our insurance group guide and choose a lower group model. | 10-15% |
| Value. Insurers may charge extra for higher value bikes. Often on TPFT cover they have a maximum value ie #5000 | Don't overstate the value - you won't get paid any more in the event of a claim | 2-5% |
| Age of Bike. Insurers allow age of bike discounts to reflect the lower replacement cost. | Choose an older model. See also value and cover. | 5-30% |
| Cover. Comprehensive cover can cost 2-3 times that of TPFT. | Consider TPFT especially on bikes more than 2 years old | 50% |
| Garage. Most thefts occur from home especially if they are out in the open. | If you can make a space in the garage or rent/borrow a neighbours. | 5% |
| Alarms. Insurers see these as the main defence against theft | Fit one but make sure its approved. See our security page | 10% |
| Tagging. Datatag, Alphadot etc help stop the stolen parts trade. | Fit it now. You can DIY this for about £50 | 3-5% |
| Bonus. Proof of no claim bonus enables insurers to reward claim free clients. | Don,t cancel a policy a few months before expiry or you will lose a whole years NCB. Allow it to lapse at renewal. Remember it is valid for 2 years from policy expiry. Always keep old policy numbers safe. Consider taking protected no bonus cover. | 10-50% |
| Excess. The amount insurers deduct from a claim payment | Ask about voluntary excesses and what discount you will get. | 5-22% |
| Advanced Rider. ie IAM ,advanced police, RoSPA gold | Take advanced training course. | 5-10% |
Many factors described above would if reversed increase your premium ie choosing a higher group bike. There are other factors in the table below that increase your premium.
| Factor | Solution | Loading |
| Convictions: Insurers don't usually mind one minor speeding but will load up to 5 years for other offences. | Don't get caught. | up to 100% |
| Thefts: Theft of bikes is a major problem for insurers. | Take every precaution against theft | up to 100% |
| Accidents: Even a small claim will lose your no claim bonus and possibly load your premium. | If it's a very minor claim pay it yourself and keep your bonus. Consider no claim bonus protection. | up to 50% |
| Young Drivers: Your premium will be based on the youngest / highest risk rider. | Don't forget to delete riders if they are no longer using the bike. | up to 30% |
| Extra bikes:. Most insurers charge extra for additional bikes but costs can vary. | Check the extra charge for additional bikes. | 10-20% |
| Foreign Travel: Many insurers now include free foreign travel. | Check if any extra charges apply for foreign use before taking out the policy. | £20 - £50 |
| Modifications: If they increase performance or value it will probably increase the premium. | Check out any extra costs before modifying your bike. | 10-15% |