Insurance for a motorbike in the UK is required by law
. If you are about to invest in such a bike then you must be certain you can meet the monthly premium payments. The type of bike you buy is going to affect your premiums.
Most motorbike enthusiasts dream of owning a Harley Davidson. This brand name is a classic and it is also a premium cruiser for those who want to ride in comfort. However, a bike of this category is pricier and therefore the premiums are also more expensive. This is because it costs the insurer more to replace or repair such a high quality machine. If you can't afford the monthly bike insurance payments for a premier brand then reconsider a less expensive bike.
Another very important issue is where you will store your motorbike. If you are going to make use of secure storage overnight or when the machine is not in use, your monthly premium payments will decrease. The reason is because your bike is less likely to be stolen or damaged if it is kept secure.
The insurance industry providers are only too aware of statistics. They use these numbers to determine how risky a potential client is to them. The insurance industry is constantly monitoring and gathering statistics to assist them in drawing up policies. The statistics show that bike riders are thirty percent more inclined to be involved in an accident of sorts. Such statistics not only help the insurance industry but it also lets the clients know how essential bike insurance is to them.
In order to get as much value as possible from an insurer you should make use of those who give a bonus for no claims. This means you will be rewarded with a certain amount of money after a specified time period if you have not made any claims against your insurer. Insurers offer this in order to encourage bike riders to ride safely and to take care when parking their machines. Your no claim bonus will go towards paying future premiums and is a substantial saving for you and your insurer.
The cheapest insurance in the UK is third party insurance. This is the least amount of cover the law allows. Third party insurance will settle the costs of damage to the other vehicle involved in an accident with you. However, this kind of insurance does not cover any damage to your motorbike. It is important to protect the interests of other road users but it is also important to protect your own.
The only way to find a policy that works for you is to look around. This is pretty easy if you use online information. You will immediately get a good idea of which insurers are suited to your pocket and needs. A simple request for an online quote will provide you with a choice of insurance providers. You could opt for a standard bike insurance policy or request a policy that is unique to your requirements.