Insurance: Motorcycle insurance

Protect your pride and joy

• Shop around with our comparison service for the best motorcycle deal
• Also try Compare the Market and Confused.com to see if you can get a better deal
• Cut down on costs with our tips

 Insurance is a necessary element of biking. Not only is it a legal requirement, but as motorbike theft in the UK is a growing problem, it makes sense to protect your machine. If you're one of the growing numbers who own a cool scooter you need insurance even more because lower- powered motorbikes, including mopeds and scooters, are at a greater risk than larger bikes - probably because they're easier to steal.

Decide what level of cover you need. ‘Third party only’ cover is the minimum legal requirement to ride your bike on the road in the UK. This only protects you against liability for damage or injury to others. If your motorbike is of low value it is worth considering third party cover but remember that is does not cover damage to your own bike, only to other vehicles. ‘Third party, fire and theft’ includes cover for fire and theft. Comprehensive cover is the more expensive option ,but it will cover your own motorbike for damage or theft.

You can cut your monthly premiums by opting to pay a higher voluntary excess (the amount you pay towards a claim before you are compensated). Younger or inexperienced riders, or people with powerful expensive bikes, will generally get offered higher excesses. This can be a good way of cutting back on your monthly bills but it's only worth it if you're willing to take the risk of having to pay more if you make a claim.

Step 2: Make it cheaper

• Security – If your bike is secure, it will be less attractive to thieves and so less likely to be stolen. If you have a Thatcham-approved alarm or immobiliser, as well as Datatag or Aphadot, you might get more of a discount on your premium. Always lock and alarm your bike and if you have access to a garage, use it.
• Storage – If you don't use your motorbike during the winter months you should speak to your insurer as they may offer you a reduced premium for the months your motorbike is off the road in storage. 
• Low mileage – If your annual mileage is low, let your insurer know as some insurers offer a discount of up to 10%. Always give an honest estimation though, otherwise you could end up paying more if you have to claim.
• Optional extras – Insurers may offer you legal expense insurance - which covers any cost incurred if you are involved in claims for personal injury or loss of earnings, breakdown cover and personal accident cover. Although these could add on extra costs to your standard premium, they are worth considering if you'd like the peace of mind that you are covered for any eventuality. 
• No-claim discount – Most insurers will offer you a ‘no claims discount’ for every year you don't make a claim. This can save you up to 65%. It's worth asking the insurer if they will offer you a reduced premium if you have a good driving history from your car.
• Modifications – You must tell your insurer of any modifications you have made to your bike. Failure to do so could result in problems when it comes to making a successful claim. 
• European cover – Some insurers include cover in Europe as standard but, before you head abroad, check the policy. You may need to let your insurer know in advance of any overseas trips. Check the number of days you are covered for too, because there may be a limit.
• Training courses – Let your insurer know if you have completed any advanced training courses as they may offer you a discount. The time and money you spend on completing an advanced training course is good value for money given the skills you learn and the reduction in your insurance. 
• Search the market – Quotes do vary so always search the market. Remember that the cheapest policy is not always the best, though, so always make sure that the policy covers you for all your needs before you buy.

Don’t lie – Always be honest and answer all questions truthfully, tempting though it is to fudge a few elements. If you lie your claim could be turned down for ‘non-disclosure’.

Useful links

• Our comparison service
• Compare the Market
• Confused.com
• Bennetts Motorbike Insurance

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