Can't speak for bikes but for cars the premiums are worked out by make, model, year, modifications, colour, accessories.
The more modifications you make the more it will cost to insure. The more stock, standard it is the less it wil cost to insure.
Silver cars have the fewest accidents, red cars the most.
(of course, red cars go fastest!)
Once a car becomes affordable to P platers, the premiums can go back up again because the P platers like to crash them, and the insurance companies pay out more claims.
The suburb you live in will also affect premiums. Loadings are applied for living in high theft areas, and discounts apply if you live in low theft areas.
I imagine the same reasoning would apply to bikes?
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TRX850.
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