The nice weather is finally back, and you will be able to enjoy your motorcycle again. Given the unpredictable weather, you might be wondering if there is a insurance company for motorcycles that calculates its premium per kilometer, as is the case with some insurance companies for cars.
It’s true that the question of per-kilometer insurance seems even more relevant for motorcyclists than for car drivers.
A quick overview of this question.
Motorcycle Insurance Per Kilometer
Motorcycle insurance per kilometer is not a product offered by many insurance companies. In any case, they do not highlight this insurance formula for motorcyclists. The reason is twofold. On one hand, there are far fewer motorcyclists than car drivers, and on the other hand, motorcycle insurance premiums are much less expensive than car insurance premiums. Finally, the demand for this type of formula is still quite marginal today.
Nevertheless, motorcycle insurance per kilometer makes sense, and you can undoubtedly make such a request to your broker, who should certainly be able to respond positively to this question.
How Does Per-Kilometer Insurance Work?
Motorcycle insurance works like car insurance. The insured declares the maximum number of kilometers they will travel during the insured period. It is a relationship of trust that is established between the insurer and the insured. Is there any control? In fact, no, insurance companies cannot control the number of kilometers you travel during the insured period, and to be honest, they would find little interest in doing so. It is at the time of a claim declaration that your company will ask for your vehicle’s mileage and may question the accuracy of your prior declaration when subscribing to the insurance.
Note that many insurance companies offer a reduction in your insurance premium as soon as you drive less than 15,000 or even 10,000 km per year. However, very few companies offer true per-kilometer insurance, which means that even under 10,000 km, your premium is further reduced based on your actual mileage. Be attentive to this nuance and make sure to ask this question when subscribing to your insurance.
Auto-Motorcycle Insurance: The Classic Formula
All insurance companies will offer you a significant reduction in the amount of your motorcycle insurance premium as soon as you also subscribe to a car insurance contract with the same company. Reductions on the motorcycle insurance premium can go up to 60% of the ordinary premium amount. Some companies even offer a double reduction: both on the car premium and the motorcycle premium. It is not uncommon to obtain a 50% reduction on the motorcycle premium and 15% on the car premium. In this case, you can always negotiate with your broker for a larger reduction based on the few kilometers you travel by car or motorcycle. In short, it’s all about negotiations! Good luck!