KTM Motorcycle Insurance

History of KTM Motorcycles

The history of KTM dates back to 1934, when Austrian engineer Hans Trunkenpolz founded a small repair shop in Mattighofen, Austria. To begin with, the business focused on repairing motorcycles and cars, but by 1953, KTM had launched its first motorcycle, the R100. The company quickly gained notice from the motorcycling community for its lightweight but powerful bikes.

Over the years, KTM expanded into different types of bikes, including enduro, touring, and road bikes. Their commitment to innovation has made them a consistent presence in motorcycle racing, winning titles in the Dakar Rally and the MotoGP class. Now, KTM is one of the most sought-after motorcycle brands, producing bikes that appeal to both professional racers and casual riders alike.

Factors Affecting KTM Bike Insurance Price

There are a few factors that can influence the cost of insuring a KTM motorcycle. Understanding these factors can help you make good decisions when selecting a policy.

Model of Your KTM

The model of your KTM bike can play a part in determining the insurance premium. High-performance models like the KTM 1290 Super Duke R tend to have higher premiums thanks to their powerful engines and high value. On the other hand, smaller, less powerful models such as the KTM 390 Duke – which are also more affordable – may be cheaper to insure.

Rider Experience

Your experience as a rider is another key factor. New or young riders generally pay higher premiums because their limited experience on the road makes them statistically more likely to be in or cause an accident. More experienced riders with clean driving licences are often eligible for lower insurance costs.

Claim History

Your experience as a rider is another key factor. New or young riders generally pay higher premiums because their limited experience on the road makes them statistically more likely to be in or cause an accident. More experienced riders with clean driving licences are often eligible for lower insurance costs.

Location

If you live in an area with high crime rates or a higher risk of accidents, your premiums may be higher. Rural areas often have lower insurance costs compared to major cities where theft and accidents are more likely to occur.

Usage

The more you ride your bike, the higher your insurance policy is likely to be. For instance, those who use their bikes to commute will pay more than people who ride only occasionally. This is because the more you ride, the greater the chance of you having an accident.

How You Use Your Bike

The way you use your KTM also affects what your insurance costs will be. If you use your bike for daily commuting, your premiums may be higher compared to someone who only rides occasionally. Track-day riders or those using their KTM for competitions may need specialised policies.

Customisations and Modifications

Many KTM owners enjoy modifying their bikes with aftermarket parts or performance upgrades. While these modifications can enhance performance, they may also increase insurance costs due to the higher replacement values and potential risks associated with customised bikes.

Policy Deductibles and Limits

Choosing a higher excess (deductible) on your policy can reduce your premium, but it also means you’ll pay more out-of-pocket in case of a claim. Similarly, selecting comprehensive coverage with lower excess and higher coverage limits may result in higher premiums but provide better financial protection.