How Bike Insurance Premium Is Calculated. Preliminaries preliminaries an insurance policy (life insurance or life annuity) is funded by contract premiums: Also, it takes depreciation into consideration.
Instead, it is calculated as per the market value of your vehicle at the time of the policy start date, which keeps on changing with time. Also, if you have an imported motorbike, it will be difficult and expensive to get hold of replacement parts. Different insurers may use different factors to develop premiums, shop around for an insurer whose premium.