Here are some key steps to follow to get the right motorbike insurance for you:
1. DO YOUR RESEARCHFirst and foremost, it is crucial to conduct thorough research and compare various insurance providers to find the most suitable and affordable option. Thankfully, this can easily be done online, thanks to the availability of numerous comparison websites that allow you to effortlessly compare policies and prices.
Before you dive into obtaining insurance quotes, it is wise to take a moment to consider your individual needs and circumstances. For instance, if you only ride your motorbike occasionally, opting for a policy with a lower annual mileage limit might be more cost-effective and fitting. Moreover, if you have a secure garage or driveway where you can park your bike, it may potentially lead to reduced premiums.
2. NO CLAIMS BONUS
Another important factor that can impact the cost of your insurance is your no claims bonus (NCB). If you haven't made any claims on your previous policies, this can result in significant discounts on your premiums. Furthermore, if you already have a car insurance policy with a NCB, it may be possible to transfer this to your motorbike insurance as well.
3. ADVANCED RIDER TRAINING
It is highly recommended to consider enrolling in advanced rider training as many insurance providers offer discounts for completing recognized courses beyond the Compulsory Basic Training (CBT) and license requirements. Additionally, investing in safety and security equipment, such as alarms, immobilizers, and ground anchors, can also contribute to reduced premiums.
4. CONSIDER YOUR COVER
When deciding on the level of coverage, it's crucial to strike a balance between the cost and the protection you require. While Third Party Only cover fulfills the minimum legal requirement, it may not offer sufficient protection for your beloved bike. On the other hand, Comprehensive cover provides the highest level of protection, but it is also the most expensive option. An alternative worth considering is Third Party Fire and Theft, as it strikes a good balance between cost and protection.
5. DETERMINE THE OPTIMAL EXCESS LEVEL FOR YOUR BUDGET
Lastly, it's important to keep in mind that opting for a higher voluntary excess can result in lower premiums, but it's important to be aware that you'll need to pay a higher amount upfront if you ever need to make a claim. Conversely, choosing a lower excess will mean paying a bit more for your policy.
In summary, to get the most affordable motorbike insurance in the UK, it's important to compare policies and providers, consider your individual needs and circumstances, build up a no claims bonus, invest in safety and security equipment, and consider taking advanced rider training. Balancing the level of cover and excess is also important, and remember to always be truthful when providing information to insurers.