Let’s face it, motorcyclists get a pretty bad rap from some insurance companies. Although there is an ever growing band of die-hard motorcycle enthusiasts of all ages, motorcycles were often associated as being the first form of motorized transport for wild young rebels, “what’re you rebelling against Johnny?” – “waddya got?” – you know the sort of thing. Of course, these days that just isn’t the case. We’re all more conscious about road safety (hopefully) and the majority of motorcyclists have to spend their hard earned cash on motorcycles and intend to look after them and themselves.
Quite frankly, the cheapest motorcycle insurance you can buy is a good motorcycle helmet.
So what’s the best way to go about finding the best deal on your motorcycle insurance? Many people still do use a motorcycle as their first form of transport and don’t have much experience in the insurance department. The cost of motorcycle insurance does depend on many factors and variants. The main things to think about are:
- Age – just like with car insurance, the younger the driver the more of a risk they are thought to be, and higher risk means higher premiums.
- Security – one problem with motorcycles which isn’t quite the same as other vehicles, you can pick them up and put them in the back of a truck. I know that cars, vans and trucks are all at risk of being stolen, but they’re not quite so easy to hide and move as motorcycles are. You can buy insurance approved motorcycle security locks which can help to reduce your premiums, and if at all possible you should keep your motorcycle in a garage for as long as you can.
- Miles – if you’re a bit of a “fair weather driver” and only intend to ride your motorcycle for Sunday mornings jaunts and in the holidays, then you shouldn’t pay as much for the insurance as someone who uses a motorcycle daily as their main form of transport. It stands to reason doesn’t it, the less miles you do, the less chance there is of you having an accident. Don’t forget to get that sorted out when you’re finding out about motorcycle insurance.
- Payment – if you possibly can it’s much more cost effective to pay all of your motorcycle insurance premium up front. Although some people will need to spread the payments out monthly, it does cost you more in the long run.
Where to Find Motorcycle Insurance
As with all other types of insurance, there are some great price comparison websites, which means that you only have to fill in your details once for them to get a quote from lots of different companies for you, helping you to find the best deal available. These price comparison websites are certainly a great place to start. Don’t accept the first thing which comes your way however, take your time and really compare the prices, not forgetting to read the small print to make sure that you’re covered for everything you want to be covered for. You can also look out for insurance companies which are offering good deals at the time – some of the incentives offered are really worth while.
When it comes to renewing your motorcycle insurance, don’t let the company simply automatically renew your policy. Shop around again. They’ve got your business and it’s very likely that you’ll be able to get a much better deal elsewhere. If you’re happy with the company and their service, why not tell them that you’ve found your motorcycle insurance cover cheaper elsewhere and ask them to match it, you might be surprised at how quickly they’ll agree.