Industry Analysis & Industry Trends
Despite a spate of earlier financial shocks and a recovering economy, the Motorcycle Insurance industry has been accelerating at a comfortable pace over the five years through 2014-15. Consumers have taken up motorcycles as the increasing world price of crude oil has made the upkeep of cars more expensive. More people adopting motorcycles as their main form of transport has provided a buffer against falling investment returns as a result of volatile financial markets. This trend has been most significant in coastal cities along the eastern seaboard that have a large population concentration and high levels of traffic congestion and pollution. These conditions have prompted consumers to purchase motorcycles for increased manoeuvrability... purchase to read more
Industry Report - Industry Products Chapter
The Motorcycle Insurance industry is broken down into three product segments: comprehensive, third party and compulsory third party insurance.
Comprehensive insurance is the broadest and most expensive form of insurance offered. It covers policyholders for damage to their own motorcycles and damage that their motorcycles may cause to other people's vehicles or property. Comprehensive insurance includes cover for motorcycle theft and accidental damage (including protection against natural disasters), cover for protective clothing, any emergency costs and replacement of lost keys. Insurers often extend the value of coverage to include towing and valet services... purchase to read more