Why is classic bike insurance cheaper?
There are several reasons why classic motorbike insurance is cheaper than for modern bikes – the chief one being there are many fewer claims involving classic bikes. Classic bike owners generally take extra care of their machines and cover less mileage. Fixing a maximum annual mileage is one typical way that you can save even more on insurance costs. The market for stolen classic motorcycles is also tiny compared to that for new superbikes, say, and this also dramatically decreases the risk for an insurer to quote against. Unfortunately this doesn’t mean classic bikes are immune to theft, and, as with any policy, taking out extra security precautions can help reduce the cost of your classic bike insurance. Check out MCN’s top tips to keeping your motorcycle safe. What if I’m not going to ride the bike? Many classic motorbikes are never ridden on the road, but still need insurance. Whether you’re doing a winter restoration project or you just take your concours classic round the shows c
