The list of factors that an insurance company will take into account when calculating a motorbike insurance quote for you is a long one. With aspects including your address, where you bike is kept and your experience riding. Another important determinant is what you do for 7-8 hours a day during the week, your job. Here, we’ve looked into how your job can have an impact on the cost of your motorbike insurance policy…
Your job and motorbike insurance
Due to having vast experience in the industry, insurance companies build up a profile of how a different occupations could impact the likelihood of them making a claim. Which, of course, defines how much your insurance premium will be.
The insurance company will take the job you’ve submitted and using their predetermined job profiles, along with other information supplied, including vehicle us will calculate how much your insurance policy should be.
So it’s vital to be as accurate as possible when applying for your insurance.
How are jobs categorised?
As mentioned previously, insurers will build up a profile of different professions because it’s impossible to know each individual personally. And will group these professions to get a picture of the level of risk. There are certain jobs that are considered ‘safe’ and ‘high risk.’
Other ways your job can affect your insurance policy…
Another contributing factor other than the reputation of your profession is the location of your job. People that use their bikes late a night are seen as higher risk, as they’re more likely to park in public areas, increasing the risk of them being stolen.
Additionally, if your job requires you to use your bike throughout the day, for example a courier. You could be considered higher risk as you’re out on the road more than the average driver, increasing the likelihood of an accident and therefore a claim.