Bike Insurance Tips And Information

Insurance for motorbikes is a legal requirement for anyone who riders on the public highways in the UK. The minimum amount of cover required is third party. As with car insurance motorbike riders can of course increases the policy to include fire and theft or opt for fully comprehensive cover.

Unlike car insurance motorbike insurance is available in two categories. One type of policy provides cover for the rider rather than the bike itself. This type of policy enables the rider to be insured irrespective of the size of bike they are riding, as long as this is within the classification on their driving license.

The other type of policy insures a specified bike rather than the rider, this enables the bike to be ridden by anyone who has the correct valid licence, which typically has to be a UK licence.

Unlike motorists, motorbike owners can find it difficult to find insurance, with many insurance companies not even offering cover for motorbikes. This is mainly due to the fact that bikes are considered to be a far greater risk than cars. They are easier to steal than cars, with the smaller bikes such as mopeds and scooters being among the most stolen vehicles throughout the UK.

People who own both cars and motorbikes may be able to save money by having a mixed fleet insurance policy. The number of vehicles which constitutes a fleet varies between insurers, as such it is worth shopping around to see whether you are able to qualify for this type of policy.

As unfair as it may seem bike insurance is nearly always higher than for cars, young drivers will also pay far higher premiums than more experienced riders over the age of 21 years. This age and experience factor is not only imposed on those who ride a motorcycle, young people who drive cars also pay far higher premiums.

There are a number of different ways you can reduce the cost of the insurance, the key factor is to build no claims bonuses, however this is of little consequence to young and novice riders, who are the people who may find the high premiums difficult to pay.

As with car insurance you should always inform insurance companies that you are shopping around for the best deals and the most competitive prices, as many will offer to beat or match like-for-like offers you are given by their competitors. This tactic is used because insurance companies then rely on their customers renewing their policies year after year meaning a lower initial cost can potentially reap benefits for them in the future.

Older riders can also be offered lower premiums, particularly if they have a good riding history with no driving convictions or insurance claims.

Women riders may also benefit from lower premiums as they are considered by insurers to less of a risk than their male counterparts of the same age.

Bike riders who cancel their bike insurance during the winter could very well be acting in a foolhardy way, as bike thieves are also very aware of this. Consequently the number of motorbikes being stolen rises steeply during the winter months. Even if your motorbike is kept in a locked garage it will not be included on a house contents insurance unless it is agreed to be added to the policy.

Article Source: http://pljmagazine.com

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