A Guide to UK Motorcycle Insurance

The Motorcycle may be becoming more and more popular with the fashion conscious and more practical with the young, but insurance companies are not big fans. They are rarely interested in insuring the things, particularly when you are under 25.

The reason for this is that there is a quite alarming accident rate. Younger riders are disproportionately more susceptible to accidents than riders who are older. In a recent survey, it was found that if you take an average 25 year-old, gave him a 350cc machine and insured him with third-party, fire and theft, then a 17 year old with the same machine is three times more likely to need to claim during a year than the 25-year old and a 21 year old is twice as likely to need to claim.

Because of this, a 17 year old will need to pay a lot more in premiums and will likely have a much higher excess to pay, which is the first amount of any claim. A 17 year old driving a 750cc bike should expect to pay as high an excess as £200. But it will drop steeply for smaller bikes or older drivers. So should you be 25 and only be riding a modestly sized bike, you are likely to only be asked for an excess of £25 each time you claim for theft or fire.

There are two types of motorcycle insurance policy. The most common of these is a specified rider policy, which covers the rider specifically, rather than the bike, and allows your to ride any motorcycle up to a particular size. The other type of policy insures a certain bike, not a rider. Should you wish to insure multiple people on the same bike this is a suitable policy.

What you shouldn't hold out much hope for is a decent discount should you avoid accidents, or more specifically for not claiming for them. This is available for car insurance but isn't yet a feature for motorcycle insurance. You may be able to get some form of discount should you stay loyal and claim free for a few years at the same insurer, but these are very rare.

Should you really wish to save money you can attach a sidecar permanently to it, which gives it more balance and makes it a lot more difficult for it to be knocked over, making the whole vehicle bigger, easier for other drivers to see, so less likely to be hit.

You'll find that the country has been split up into districts - one district being major cities and the other being the rest of the country. Then you'll find that cities are split into inner and outer areas. The centre of the city will cost the most.

 

 

 

 

 

 

© AskFinancially.com 2008

Motorcycle Insurance

Ask About

> UK Motorcycle Insurance
> Cheap Motorcycle Insurance
> Motorcycle Insurance Company
> Motorbike Insurance Broker
> Motorcycle Insurance Quotes