Factors that affect the cost of scooter insurance : Part One

Any scooter insurance company will base it's pricing, policies and procedures from hard learned experience; the good the bad and the ugly. Whilst we could offer much general advice on this subject, as we will endeavour to here; the number one rule is and must be HONESTY. As with life, it's best all round that way as everything in time comes out in the wash anyway, should there be a need to open and examine your file at any time in the future.

There are many many factors which will affect your premium. Although we'll try here to address the main ones.The industry term used for calculating your scooter insurance premium is called 'Calculating The Premium & Terms'. Forgive us if this sounds like basic and obvious stuff. However, it will all lead us somewhere, so stay with us. It's about really understanding the mindset of the scooter insurance business and by doing so, achieving the best overall value for your money. I stress, it's not about cheapest, as we know or should know – that cheapest is certainly not always best. Like selecting an add on to your scooter, you wont necessarily go for the cheapest item, but say an accessory that looks and makes you feel better than another. Price in itself is just a single factor which must be considered amongst many others such a Customer Testimonials, Customer Service.

The cost of your insurance premium is based on a number of risk factors. These calculations are made by actuaries. Actuaries are basically smart Alecs who are apppointed by the insurance companies to analise all sorts of variables and facts with the single task of arriving at a price for YOU; tailored around all of your life's circumstances.

Your Job and what you do for a living has a powerful effect on your scooter insurance premium. Statistically, they can demonstrate that you're more inclined to have an accident if you're a circus clown who likes to act daft on a daily basis versus a hum drum boring and calculated accountant.

Your home address and where you live also has an obvious effect and impact on your scooter insurance premium. Naturally since theft is more prevailant within cities versus rural villages. Again, without banging the honesty drum too hard, even if you live in a village yet drive to the city on your scooter – your insurance company really need to know that, for your own benefit as ommissions could no doubt lead to your policy proving Null And Void when you need it most.

Your annual mileage is another factor which will affect your premium. Again, it's best being as honest as you possibly can be. Even if only an honest estimate. Garaged versus on street parking is another one. Obvious perhaps, so if you know of a garage lying empty, no harm in asking the question. A small nominal rent to your neighbour for the use of his or hers garage could save you a few pounds overall.