Sunday, May 5, 2013
MOTORCYCLE INSURANCE
Whether you have just bought your first bike or are adding to your collection, one of the first things you will be looking to do is insure your new purchase. Motorbikes are four times more likely to be stolen than cars so it is vital that you protect them. You are 9 times more likely to be injured in a bike accident than a car one so it is also important to protect yourself in case anything does happen. However there are many different types of insurance that offer different levels of cover and it is important that you get the right insurance for your biking needs. Finding the right kind of cover for your needs can be a tricky process but one that you have to go through, it is illegal to take to the road without some sort of cover.
The minimal legal requirement for motorcycle insurance is third party cover, which doesn’t cover you for any damage done to your bike in an accident, so you would have to pay for any repairs yourself. I would highly recommend that you opt for fully comprehensive cover, as this will cover you regardless of whose fault the accident was. It is always worth remembering that even with fully comp packages there may still be areas where you are not covered such as breakdowns and the use of a courtesy bike. Make sure you read the small print and are aware of exactly what you are signing up for.
Breakdown cover is considered a type of insurance, but you will have either take it out separately or add it on as an extra. As a biker it is also worth thinking about personal accident insurance as this will help you to claim compensation if you are seriously injured i.e. the loss of a limb. The more that is included in your cover, the more expensive it will be, however it may well be worth paying that bit more for the peace of mind that comes with fully comprehensive cover. The price of motorcycle insurance is also affected by how expensive and powerful your bike is, which obviously will make your premium more expensive.
The best advice I can give is to shop around and make sure you get the best deal for the coverage you need. Going to a comparison site like MCN Insurancewill give you a great idea of the options that are available to you. Simply put in all your information and let them find the best quotes for your needs. Getting comparisons will stop you from paying over the odds for your insurance.
