What should you look for when purchasing a policy for your motorbike?
Motorcyclists may be trying to make their money go that extra mile in the current uncertain climate, but one area you can’t afford to cut back on is insurance cover.
Motorbike insurance is a legal requirement if you own a motorbike, and going without it is simply not an option.
The good news is, the number of insurance providers offering motorbike cover has increased in recent years, which means not only improved choice but also lower prices.
Insurance premiums are based on certain factors, such as your age, driving record, and type of motorcycle you own - but what are the crucial features to look out for when purchasing a policy?
Choose your level of cover
First off, you need to choose between three levels of cover: third party only, third party fire and theft, and fully comprehensive.
Third party is the minimum level of insurance required to drive on the road in the UK. It is the cheapest option as it only covers the damage done to other vehicles by your motorbike in the event of an accident.
Third party fire and theft covers you for claims made by other people - against you - for death, bodily injury or damage to their property, and if your bike is stolen or damaged by fire.
A fully comprehensive policy will cover you for damage done to third party vehicles, but will also cover the cost of any damage done to your own bike in an accident, fire - or if it is stolen. Comprehensive cover is the most expensive option, but can also be the most cost-effective.
Optional extras
Once you’ve selected the right level of cover for your circumstances, there are a whole host of insurance extras you may want to consider, such as helmet and leathers cover, accessories cover, breakdown cover and European cover.
Some insurers will also offer personal accident cover which would mean a cash payment in the event of loss of limb, sight, speech or permanent total disablement, say, and legal expenses cover, which ensures you are not out of pocket for expenses you might have to pay if you’re unlucky enough to be involved in an accident that isn’t your fault - such as your excess.
Further, given that many motorcyclists own more than one motorbike, it's worth checking whether you have the option to insure up to four bikes on the same policy - as this could make life a lot easier.
Drive down the cost of cover
Most insurance providers offer discounts, incentives and cheaper rates to customers who sign up online; others will offer deals such as “one month’s free cover.”
You may be able to claim further discounts for claim-free riding, limited mileage, length of ownership, secure overnight garaging and approved security systems.
You can also reduce costs by taking an advanced training qualification, such as the one run by the Institute of Advanced Motorists.
Older bikers may also be able to benefit from lower premiums, as they are seen as having less to prove, are likely to travel at lower speeds, and cover fewer miles.
Women bikers can also benefit from special discounts - as they are perceived to be better bikers.
While there are lots of steps you can take to keep a lid on costs, there are certain actions that will hike up the price. Modifications to your bike, for example, can mean higher premiums - so take the time to check with your insurance provider before making any changes.
Comparing cover
The level of cover and optional extras offered will vary between providers, so make sure you do your research - and that you compare features on a like-for-like basis.
Your personal circumstances and budget will determine which cover you choose - but remember that scrimping on insurance could prove false economy if you do run into trouble and need to make a claim.
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photo by Leon Wilson
