Understanding what is required from motorcycle insurance

motorcycle

The Motorcycle Industry Council’s data indicates that more than half – 55 percent – of all motorcycle riders were aged 40 or higher as of 2008, and this has changed the landscape of motorcycle insurance. In 1990 – a mere eight years earlier – only one-quarter of all motorcycle riders were in that same age bracket.  These drivers are no longer people who are young and feel that they are invincible.  Instead, the average motorcycle rider typically has a minimum of some college education, with a great deal more in…

Read More

Motorcyclists hope for lower insurance rates

Motorcyclists hope for lower insurance rates

The Knesset recently passed the initial reading of a bill. If passed, it could mean lower motorcycle insurance rates.  The government will create an inter-ministerial committee to devise a solution for dropping compulsory insurance rates.  A decision is expected within 3 months. Should this bill pass, motorcyclists’ compulsory insurance pool will change.  Currently, insurance companies do not profit from compulsory insurance for motorcyclists.  For most riders they are covered by a state-mandated pool which currently runs at a deficit. It also has a cap, mandated by law, of 8%. The…

Read More