Last year, Mike’s motorbike was insured with the LUCKY insurance company. The insurance policy covered damage to the motorbike from accidents and theft of the bike. Mike plans to renew his insurance with the same company this year, but some factors in Mike’s life have changed since last year. Mike replaced his old motorbike with a much more powerful motorbike. How can this factor affect the cost of Mike’s motorbike insurance this year?

The cost of Mike’s motorbike insurance ... .