LONDON is the most expensive place in the UK to insure a motorcycle, unsurprisingly.
By analysing 900,000 quotes generated over a three-year period, The Bike Insurer has discovered that London, with its increasing levels of motorcycle theft and crime, accounts for the 13 most expensive places to insure a bike in the United Kingdom, with the most expensive quotes for bike owners in western-central London.
Away from the capital, cities in the north west are the most expensive places for bike insurance, with Manchester (average quote of £509), Liverpool (£503), Bolton (£492) and Oldham (£452) all more expensive than the likes of Birmingham, Edinburgh and Cardiff.
The research reveals that insuring a bike in a rural area is a lot less expensive than covering one in a city, but not for the reasons you might expect. Increased rates of accidents and thefts aren’t what push up premiums, say The Bike Insurer, it’s the cost of claims in cities - £18m compared to £6.5m over the three-year period.
A breakdown for average insurance costs in London is as follows:
- Western central London – £691
- East London – £647
- West London – £621
- North West London – £620
- North London – £606