Compare Cheap Motorbike Insurance
Motorbike insurance is required by law in the UK for anyone who rides a motorcycle, scooter or moped. This insurance is intended to cover the costs of any motoring related damage or injuries resulting from riding the insured vehicle.
So whether a roadster, custom cruiser, sports bike or scooter is being ridden it makes sense to get the best value insurance as well as making sure that the right policy is in place to suit a rider’s specific needs.
As with car insurance, motorcycle insurance can be broken down into three different cover types: Third Party Only; Third Party Fire and Theft; and Fully Comprehensive.
Third Party cover is the minimum level of insurance cover required to ride on the road in the UK. It is usually the most economical option as it only covers the damage caused to other vehicles and property in the event of an accident. If the bike is stolen, or is damaged in a crash that was the rider’s fault, this will not be covered by your policy.
Third Party Fire and Theft covers a rider for damage caused to other vehicles and property by a motorbike in the event of an accident and it also provides cover if the bike is stolen, damaged or destroyed by a fire. It is worth considering this level of cover as theft presents a substantial risk to motorbikes. However, it is worth weighing up the increased costs and levels of excess that usually accompany this type of policy compared to the actual value of your bike.
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A Fully Comprehensive policy will provide cover for damage caused to other vehicles and property, fire, theft and damage to the motorbike, even if the accident that caused the damage was the rider’s fault. However, policyholders need to be aware of the coverage limitations that may apply. For example, breakdown cover, legal expenses and personal accident cover may well incur additional costs. Fully Comprehensive cover is usually the most expensive type of cover but can also be the most suitable, depending upon individual requirements and the value of the vehicle.
When insurance quotes are generated using the comparison system, the results screen will clearly show you what is included in the policy, what is available at an additional charge and what features are not available. It is always recommended that policy details are checked to be absolutely certain as to what is included in a policy
Having an understanding of what factors might affect the cost of motorcycle insurance can be useful if a rider wants to keep their premiums low. Check out our guide to motorbike insurance for further information on this and a range of other helpful topics.
Don’t forget that Mymoneycomparison.com provides the means to compare all kinds of motor insurance cover. with the help of our partners Seopa, So if you need car insurance for your car or van insurance for transporting your bike to and from events, look no further for a great range of insurance partners.
If you own a Motorbike and ride it on a public highway then it is a legal requirement to have Motorbike Insurance. Motorbike Insurance comes in 3 levels of cover, Comprehensive, Third Party Fire and Theft and Third Party.These offer different levels of cover at different costs.
Third party. This is the most basic type of cover and the minimum legal requirement for Motorbike insurance. It covers any third party and the other vehicle and/or property, but it doesn’t cover damage to your own motorbike. If the accident was your fault, you will have to pay for your own repairs. If the other rider is at fault you will make a claim on their insurance policy.
Third party cover is usually taken by owners of older motorbikes whose value is less than the cost of any likely repairs. Newly qualified riders generally go for third party insurance because they often believe it will be the cheapest option. In fact, because insurers price for risk and claims statistics show that new riders are more likely to be involved in an accident than those with more experience, the cost of third-party cover has increased significantly in recent years. It can often be more expensive than more comprehensive policies.
Third party, fire and theft. Stepping up from third-party insurance, this type of policy adds cover for your motorbike if it is stolen, damaged or destroyed by fire, but it still won’t cover your own costs if the accident was your fault.
Fully comprehensive. Three-quarters of UK riders opt for fully comprehensive motorbike insurance. As the name implies, it covers pretty much everything, including you, your motorbike as well as that of the other party/parties. It will provide cover if your motorbike is stolen, damaged or destroyed by fire, you will also be fully insured to ride other motorbikes.
The level of cover varies between insurers, some policies might not include legal protection, breakdown or a courtesy motorbike. Adding these ‘perks’ onto the policy could easily add £50 to the premium quote. Scour the small print to ensure you don’t get caught out.
Bike owners in the United Kingdom also have specific options to choose from in the form of motorcycle insurance, scooter insurance, moped insurance, and adventure bike insurance. Based on the type of bike owned, the U.K consumer can opt for the best type of insurance.
Recent research study shows that around 32% of bike riders in the UK use a scooter for commuting. Choosing scooter insurance instead of motorcycle insurance can bring down the premium rates considerably. Scooter insurance premiums are lower than motorcycle insurance premiums as the cost of settling the claim is on average lower for scooters. This is mainly due to the fact that scooter comes with less complex parts. Motorcycles come with highly complex parts like multi-cylinder engines, and due to faster potential speeds can be involved in more life-threatening accidents.