Bike
The same variables affect your motor bike insurance premium as with car insurance, so factors such as the amount of “No-Claims” bonus you’ve earned, the level of security you have on your bike (which could be an alarm / immobilizer / chain, or a combination of all three) all play a part.
There are many ways of reducing your premium, most of which require relatively short-term sacrifices of some sort. For instance, limiting the mileage you put on your bike each year may help bring the cost down, the unfortunate result being that you’ll be able to enjoy fewer hours riding your machine. Go over the mileage though, and you may be in trouble when you make a claim, so make sure you set a realistic maximum.
Building up your driving experience and “No-Claims” bonus will also have a large effect on your bike insurance premium, as will increasing your “Voluntary excess”, the amount you’re prepared to pay in the event of an claim. There is normally a standard excess on any bike insurance policy, so it’s important that you’re aware of this; you could get an unexpected shock when you make a claim otherwise.
We’ve listed some motor bike insurers below, which should help with our next point.. shop around! Accepting the first quote you’ll offer can prove to be folly; the insurance companies all want your business, so play the off against each other, and get that premium down!
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