However, moneysupermarket.com’s motorbike insurance comparison service makes comparing prices simple so you can find the right level of cover for your bike at the best price.
There are also other ways to help bring the cost of your insurance down. Well know ones include keeping your bike in a garage at night, paying a higher excess (make sure you can afford it!) and reducing the miles you do each year. But here are some other tips to help ensure you don’t pay more than you need for your bike insurance....
Get an advanced riding qualification
Do you have any advanced motorcycle training? If you do, you could qualify for a discount of as much as 10%.
For example, Bennetts provides a discount if you’ve completed training schemes such as Advanced Police Motorcycle training, the British Motorcyclists Federation’s (BMF’s) Blue Riband advanced rider course or the DSA Examiners Motorcycle Test, to name just a few.
Obviously, some of those will be on-the-job training that’s not available to everybody, but any biker can take the Blue Riband advanced rider course through the BMF, although you need to retake the exam every three years to keep the qualification.
Alternatively, the Royal Society for the Prevention of Accidents offers an advanced motorcycle test that will cut your premiums and reduce your chances of having a crash by around 20%. Again, you have to retake the exam every three years to maintain your qualification.
Go for recognised security features
Motorbikes can be a real target for thieves but if you go for industry-approved security measures, many insurers will chop a further 10% off your premiums.
But what are these approved steps? Most insurers want to see that your security devices, such as immobilisers, heavy duty locks and ground anchors, are Thatcham approved.
Thatcham is a not-for-profit organisation that works to cut the cost of motor insurance claims, by testing and researching the best security and safety equipment.
If you’re retrofitting your bike with security features, make sure they are Thatcham approved and then don’t forget to tell your insurer. Otherwise, it may assume your bike only has the minimum factory fittings.
Don’t hide any modifications
Unfortunately, modifying your bike will often mean your premiums rise but you still need to let your insurer know. If you rejet the carburettors, widen your rear wheel, add alloys, or make any modification, you need to tell your insurer straight away.
Otherwise you run the risk of your insurance being declared invalid, perhaps even after you’ve had a crash, meaning you’d be left with the bill.
That means it’s a false economy not to inform your insurer of any changes.
Check your other kit is covered
If you’re involved in an incident, does your policy cover your leathers, helmet and gloves?
High quality, branded leathers can cost thousands of pounds, and even a basic one-piece race suit can set you back hundreds.
Not all motorbike insurance policies actually cover this kind of kit – but if it’s damaged, you’ll be left with a big replacement bill. Even after a small bump, many bikers will want to replace their helmet – it’s too important to take risks with.
Some insurers sell ‘helmet and leather’ policies separately but before you buy any extra cover it’s worth checking if your home insurance covers your accessories.
Discounts available for riding alone
Unless you tell your insurer otherwise, it will assume you need cover for pillion passengers. If you never give anyone a ride, tell your insurer as your premiums will come down.
However, if you aren’t insured for pillion passengers then it’s illegal for you to give someone a lift, so don’t be tempted to opt out of this cover unless you really don’t need it.