Some basic questions relating to motorcycle insurance

You may have a few questions relating to motorcycle insurance and that may be the case whether you are relatively new to two wheels or an experienced biker.

Should I opt for third party, third party, fire and theft or fully comprehensive insurance?

Ultimately, only you will be able to make that decision.

It may depend upon a number of factors, including the value of your bike and how much you wish to pay for your insurance.

Typically, the most cost-attractive option is third party cover, however, this will only provide insurance protection against claims from others against you, relating to damage or injury they believe you have caused to their property with your motorbike.

Fully comprehensive typically covers your bike for a wider range of potential problems including those that may severely damage it – but these policies are typically towards the upper end of the price spectrum.

Why must I pay more for motorcycle insurance because I am young?

All other things being roughly equal, younger riders may end up paying more than those that are older.

This is typically based upon two factors:

  • an insurance company may believe that, statistically speaking, younger riders may be more likely to be involved in accidents and as a result, create claims;
  • by contrast, riders with more experience may be less likely to have accidents and should, therefore, benefit from more advantageous rates.

This is a factor that typically applies to both motor vehicle and motor bike insurance and it may be something that you have to live with.

Of course, some insurance providers may be able to offer more attractive deals for younger riders than others.

How can I save money on my motorcycle cover insurance?

This may depend, to some extent, on your insurer but you may find that, typically, more cost-attractive prices may be found by:

  • garaging your motorcycle overnight and use additional immobilisers, alarms, trackers and other security devices;
  • riding smaller machines that insurers may be inclined to interpret as constituting lower risk;
  • reducing your annual mileage, where possible;
  • passing some form of recognised advanced motorcyclist test;
  • avoiding radical modifications to your bike which result in it no longer conforming to its original certificate of type (remember, you must notify your insurers of any such modifications).

Isn’t all motorcycle insurance much the same thing and priced at much the same level?

No, nothing could really be further from reality.

Different insurers provide different motorcycle insurance policies and at different prices.  It may typically be in your best interest to ensure that you are selecting a policy based upon looking at several potential options.  This may enable you to find cover that is cost-effective and suitable for your needs.