UK Motorbike Insurance Premiums Fall by 3%
The largest UK provider of motorbike insurance - Carole Nash - published a report on Wednesday, August 4th, which suggests that bike insurance premiums fell in the past 12 months.
As such, the company that provides cover to 25% (or 300,000) of all licensed motorbikes in Great Britain, claims that the price of insuring this type of vehicle fell by almost 3%. The decrease was noticed by owners of sports, supersport, roadster and tourer motorcycles.
The average bike insurance premium stood at £142 in May 2010, which compares to an average car cover cost of £968.
Let us remind that cover prices on cars in the UK showed a dramatic increase both, in 2009 and 2010.
Commenting on the findings of Carole Nash, its commercial director Mr. Jackson said that this difference in prices demonstrated once again the superiority of motorcycles over cars. The former are not only cheaper to purchase and insure, but also easier to maintain because the running costs are much lower.
You can always use online services to compare insuring and running costs on motorbikes and automobiles.
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