You might be wondering to know what factors meet the classic bike criteria that reduce the classic motorbike insurance premium than any other standard bike insurance premium. Here are a few the factors which meet the classic bike criteria

1. The classic motorbike must be at least 20 years old.

2. The insurance policy will have a limited mileage restriction that generally ranges from 2000, to 3500 or 5000 miles in a single year. Thus the lower the mileage, the lower the usage, thus reduces the risk of road accidents.

3. The insured must have another vehicle for daily commute which again reduces the amount the bike is actually used on the roads.

4. When not in use, the classic bike must be kept in some secure, locked garage at the home address when not in use. If the bike will be kept safe , it will reduce the risk of theft which in turn reduces the cost of the bike insurance premium.

5. The insurance policy restricts the usage of bike to domestic, social and for joy rides or pleasure use only thus excluding commuting again and possibly reducing the amount of time the motorbike is on the road.

6. The owner of the bike must be over thirty years of age and must have held full motorbike driving licence for at least two years. Age and experience of the classic bike rider thus makes a bearing on the insurance premium.

Most of these insurance benefits are provided only under a Classic motorcycle insurance policy that would not be normally included under a standard motorcycle policy.

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