- Location
- Somewhere wet & hilly in NW England.
It will be down to the likelihood of a claim, is your bike 7 times more likely to be stolen than your car, probably because it is far easier to nick.
Good point.
Although mine is unlikely to be stolen - I am either out riding it (I don't leave it anywhere) or it is locked in the garage under the house.
I guess their risk model does not account for this though. Still seems steep at about 10% of the insured price.