Some quick tips for choosing the right bike insurance
Once you’ve bought yourself a motorcycle you’ll want to be hitting the road as soon as possible. But before you don your helmet and ride off into the sunset it’s worth taking the time to sit down and choose the right bike insurance for you; it’s a common misconception that all insurance is essentially the same, so just selecting the cheapest possible cover isn’t necessarily the best thing to do. Here are a few things to look out for:
Compulsory vs Voluntary Excess
A compulsory excess is a fixed amount you’ll be liable for should you need to make an insurance claim, so while the policy might be cheap, if your voluntary excess is high then it might be better to compromise and find the middle ground between ultra cheap premiums and eye-wateringly high excesses. If you’re determined to bring down the price of your premium you may want to consider increasing your voluntary excess.
You may be able to bring the price of your premiums down by undertaking an advanced training course so be sure to check with your insurance provider. There are a number of suitable courses dotted around the country – and as well as bringing down the price of your insurance, the training will reduce the risk of you getting into an accident on your motorcycle.
The number of miles you cover on your bike in a given year will have an effect on the price of your insurance – in theory, the lower the amount the lower the premium should be. Don’t be tempted to lie, however; if you are found to have made a false statement then your policy could be void when you come to make a claim.
Further discounts to your insurance premium can be had if your motorcycle has an alarm and immobiliser fitted, reducing the risk of theft. Similarly, by keeping your bike locked away in a secure garage when not in use, you can bring your premium down further.
Go to the experts
It’s generally a good idea to go with specialist providers when it comes to taking out insurance, whether it be for motorbike insurance, scooter insurance and moped insurance. They know the market to a much greater extent than general insurance providers and will be able to offer more sound advice. As with any insurance policy, if there’s any area you’re unsure about be sure to pick up the phone and ask – you don’t want to leave any margin for error.
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