Insurance motorbike policies are available from a number of different insurance companies. Before you take out this type of insurance plan, there are a few things that you need to bear in mind. Read on to find out all you need to know.
One of the most important factors to consider when it comes to motor insurance is the excess. There are two types of excesses – compulsory and voluntary. This is imperative when considering car insurance like young driver insurance too. The former is the amount your insurer has decided you will need to pay if you are going to make a claim on your policy. Voluntary excess is how much you are going to pay on top of the compulsory amount. Of course, you do not need to pay anything on top of the mandatory excess. However, some people opt to do this because it is an effective way of lowering insurance premiums. Nevertheless, make sure the excess is an amount you can afford – it is all about finding the right balance.
Another important factor to consider is the exclusions on your policy. All policies have exclusions, and these will be outlined in your policy schedule. It pays to drive safely when you are using your motorbike, as this is an effective way of reducing your premium. You may find that you are eligible for a no claims bonus if you have driven your motorbike successfully for a number of years without any incidents. Finally, if anyone else is going to be driving your motorbike, make sure you add them to your policy.
How To Get A Cheaper Bike Insurance Quote
Cheap motorbike insurance is something that all motorbike users desire. However, you do not want to choose a cheap quote at the sacrifice of coverage or quality. The good news is that you do not have to. Below, we have some great tips on how to find the best deals on motor insurance.
The most straightforward way to bring down the cost of insurance is to use a dedicated comparison website. By doing this, you will be able to compare policies from a wide number of insurance companies, ensuring you end up with the best deal. Of course, you can also order the results based on price. But, be mindful – don’t simply go for the cheapest plan. Instead, make sure it is right for you and offers the coverage you need, and then let price be the final determining factor. By shopping around on a comparison website, you can save as much as 35%.
Another tip for those that have not bought a bike yet is to go for a model that has a smaller engine. By doing this, you can reduce your premiums because such bikes are considered less of a risk. Not to mention, you will also save some money on fuel in the process. If you are able to, it is a good idea to pay your insurance premiums on an annual basis instead of a monthly basis. While monthly payments will be more manageable, you will be subject to an interest charge, which means you will pay more in the long run. Finally, for young drivers, it may be worth exploring the option of putting an older, more experienced driver on your policy.