As summer fades and winter approaches, around 10,000 UK motorcyclists start preparing to store their bikes. From late October to Easter, the appeal of motorcycling diminishes, leading many to consider pausing their insurance. However, this period also sees a spike in bike thefts, with approximately 600 motorcycles stolen each month. Understanding your insurance options can help you protect your bike even during the off-season.
When the riding season ends, many bikers think about canceling their insurance to save money. However, this leaves their bikes vulnerable to theft. Instead, consider reducing your coverage to a minimum for fire and theft. This way, you can still file a claim if your bike is stolen.
Motorbike insurance differs significantly from car insurance. For instance, you can't accumulate no-claims bonuses over time. While some insurers may offer discounts for claim-free periods, this is not standard practice.
Younger riders face higher premiums due to their inexperience and higher accident rates. Statistics show that younger motorcyclists are more likely to be involved in accidents, leading to costly and sometimes lifelong injuries.
The more you ride, especially for work, the higher your premium. Previous claims for driving-related accidents will also increase your premium.
The make and power of your bike significantly influence your premium. High-powered and expensive bikes attract higher premiums. Penalties for speeding or dangerous driving will also raise your insurance costs. If you are disqualified and later reinstated, expect extremely high premiums.
Installing security devices like immobilizers, alarms, and steering locks can help reduce your premiums. Completing training courses may also qualify you for discounts.
Always be truthful with your insurance company. Failing to disclose important information can invalidate your insurance, leaving you without coverage and potentially facing prosecution for driving without insurance.
An internet broker can provide valuable advice and help you find the best policy for your needs. They can offer internet-only deals and discounts, making their expertise invaluable.
Staying insured and safe is crucial, even during the off-season. By understanding your insurance options and taking steps to reduce your premiums, you can protect your bike and enjoy peace of mind.
Stay informed, stay insured, and ride safely.
This article is written in valid Markdown format, with headers, lists, and backlinks to authoritative sources.
Uninsured drivers increase the cost of car insurance
Have you ever driven without car insurance? Many people do and it’s become a big problem – not only for fellow road users but also the insurance industry. This article discusses the situation and proposes some solutions.
Car insurance and the younger driver
Why is car insurance so expensive for younger drivers? This article answers the question and provides some useful advice.
Driving conditions and trends affecting car insurance
This article contains a wide range of statistics which paint a picture of driving conditions in the UK in 2007.
