Finding The Best Motorcycle Insurance Policy

All motorcycle owners know that motorbike insurance can be a minefield that has to be carefully navigated, with every bit of small print scrutinised in order to get the best value for money policy.

So, whether your bike is a classic or bristling with the latest technology you might want to read on for some top tips on how to get the best out of your motorcycle insurance.




What is Motorcycle Insurance and Why Do I Need It?

Insurance is there to cover you for whatever disaster may arise, whether that is having your bike stolen or getting knocked off your bike. Biking can no longer be considered a cheap hobby like it was in the past. Modern bikes especially can be expensive to buy, maintain and replace should anything happen.

A big worry for any biker is getting knocked off and for good reason – it hurts! Motorcyclists are much more likely to receive life-changing injuries in a crash than car drivers – in fact, according to government statistics for 2013, there was an average of 94 serious injuries caused to motorcyclists per week.

 If you have a good fully-comprehensive insurance policy in place you could be compensated accordingly and covered while you are off work.

When you’re looking for motorbike insurance you need to get the best policy you can afford and that often means going to the big-name insurers.

How to Compare Motorcycle Insurance

Most people would rather hit the internet comparison sites when searching for quotes. If you’re going down this route, choose one of the top-rated motorbike comparison insurers like Bikesure, Quotezone or The Bike Insurer to get information relevant to you and your needs.




Types of Motorcycle Insurance

There are three main types of insurance – comprehensive cover, third party, fire and theft cover or third party only cover and each offers differing levels of cover depending on factors like how much you want to pay and how much riding you do.

Comprehensive cover is the one most riders go for, as this gives you the highest level of cover if you have an accident whether your fault or not. It covers damage to your bike or a third party’s vehicle (if you and another vehicle are involved in a crash) and you’ll be covered for fire and theft of your bike. 

A comprehensive policy will cover basic medical expenses, but you’ll have the option of extending this with a personal accident cover add-on. Some comprehensive policies also offer basic breakdown cover.

Third Party, Fire and Theft policies do what it says on the tin. If your bike is damaged by fire or if it’s stolen you are covered. If you have a crash it will cover the other (third) party but not you.

Third Party Only is the minimum cover level and covers damage or injury to another person and their property but you won’t be paid out for anything..

How Much Does Motorcycle Insurance Cost?

This is the ‘how long is a piece of string’ question. It all depends on what bike you have, how old you are, your driving record and how much riding you do and the type of riding, whether you use your bike for pleasure or commuting to work. There are ways you can get it cheaper though, by:

  •       Passing an Advanced Riding test.
  •       Opting for a larger excess.
  •       If you’re renewing your current policy, getting some quotes from a comparison site and use these to haggle with your current insurer.
  •       Not taking a pillion passenger.
  •       Reducing your mileage.
  •       Paying all at once rather than monthly.
  •       If your bike rarely makes it out of the garage, considering whether you need a comprehensive policy.
  •       Considering smaller engine bikes – cheaper to insure and run.
  •       Protecting your bike with a Thatcham Approved security system.

What Makes a Good Motorcycle Insurance Policy?

Insurers are cutting cover where they can so check your policy covers everything you need. This could include:

  •       Pillion cover; insurers don’t offer this as standard anymore.
  •       Helmet and leathers cover.
  •       Mileage. If you’re doing high mileage tell your insurers or you may not be covered.
  •       Riding abroad. Some insurers will offer basic EU cover only.
  •       Personal accident and loss of earnings cover is essential if you do a lot of riding.

Finally, if you’re planning a bike holiday abroad, consider getting travel insurance that specifically covers your trip. After all, they may offer a beautiful view, but you never know what could happen when you’re up a mountain pass in Switzerland!

Hopefully now, you’re equipped with all the knowledge you may be looking for when it comes to getting the best out of your policy. The only thing you need to start doing now is using the above tips to compare providers and policies in order to get the right policy for you. 

Click here to compare Motorcycle insurance providers.

Read our top tips for keeping your motorcycle secure here 




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