Motorbike Insurance and How To Get the Best Deal
If you really need to save money on
transport, it's worth getting a bike. The combination of a smaller engine,
better efficiency with petrol and improved accessibility on roads could save
you an absolute fortune. However, with the increased risk of riding comes the
possibility of higher insurance costs; as such, it's worth thinking carefully
about how you go about getting a policy. After all, there are many factors that
help swing a deal in your favour and could effectively save you hundreds of
pounds a year. Taking these tips on board, you'll certainly start seeing more
money staying in your pocket.
Choose a greater voluntary excess and
you could really hang on to more cash. All insurance policies have a compulsory
excess that you need to pay before insurance companies contribute to funding
the repair of any damage sustained to your bike. They will often offer you the
choice to pick the voluntary excess to suit your needs. A higher excess is a
gamble that you must be willing to take, but it will mean lower outgoings each
month.
Shop around, but remember the
specialists. Insurance companies analyse their customer base in different ways,
so it's worth checking online price comparison sites. However, specialist bike
insurers such as mceinsurance.com
will usually give better deals and many don't list themselves on these pages
because of this. If you're renewing, look elsewhere instead of continuing with
your current provider - you'll often find a better deal to match your
requirements.
Downgrade your bike for a better deal,
because chances are that you're only riding it as a means of getting from A to
B. A less powerful bike will be seen by insurers as less likely to be involved
in an accident.
Claim only when you need to, or at least
when it's worth it, as every time you claim on an insurance deal you will pay
an excess that will raise your future premiums. Find out how much things will
cost before approaching your policy holder, as paying for a smaller problem out
of your own pocket could save hundreds of pounds in just a year. There's a
reason why people like to protect their no-claims bonus!
Take an accredited course and you could
see yourself on a more powerful bike for the same price. Organisations such as
the Institute of Advanced
Motorists let riders take courses that could be policy compatible and save
you more money in the long-term, in much the same way as Pass Plus does for car
drivers.
Installing additional security measures
will lower the chances of your bike getting stolen or damaged, so total up the
cost of anti-theft devices or the option of secure parking and you could be
entitled to lower premiums.
This post courtesy of MCE Insurance, a UK-based insurance centre.
posted by Doug Just Doug at 12:20 PM
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