Bike Insurance -
Bike insurance premiums could rise - 23/05/2008
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Bikers could have to pay more for their insurance because of the increase in the number of motorbikes, industry experts have revealed.
Onlyinsurance report that the rise in motorcyclists is due to the increase in costs of running a car but this is having a negative impact on the price of policies.
The company claims that more motorcyclists on the roads is likely to lead to more accidents which will be reflected in a hike in bike insurance premiums.
Ian Durrell, from Onlyinsurance.com, said: "Motor insurance companies have warned that this growing market may find it hard to find competitive prices for their insurance premiums."
Some bikers have chosen to take part in a scheme in which they have to prove that they are capable riders. Insurance companies have then offered premiums at a reduced rate.
"Even someone returning to motor-biking after a gap of a few years may have to take a new test to avoid being hit by hefty premiums," added Mr Durrell.
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