Third-party, fire and theft cover is middle option when it comes to motorbike insurance – here’s what you need to know
As with all motor insurance, you can choose from three levels of cover for your motorcycle:
The UK’s continuous insurance enforcement rules mean third-party cover is the minimum requirement for all vehicle owners.
Third-party, fire and theft policies are generally the middle-ground option. They’re usually cheaper and offer better cover than a third-party only policy, but they’re costlier than fully comprehensive motorbike insurance without offering the same level of protection.
A third-party, fire and theft motorbike insurance policy offers cover for any damage you do to a third-party, their vehicle or their property, just as third-party only insurance does. However it also adds cover for your own motorbike, so you’ll be able to claim in the event of:
Depending on the insurer you pick, you’ll usually be able to add most of the following to your motorbike insurance policy:
A third-party, fire and theft motorbike insurance policy cost on average £925 in June 2019, which was cheaper than a third-party only policy by over £130. However it was more expensive than a fully comprehensive policy, which would’ve set you back an average of £788 during the same time period.*
Third-party, fire and theft has generally been between third-party only and fully comprehensive in terms of price. Third-party only used to be the cheapest option, therefore it was the most popular choice for young or inexperienced who wanted to lower the cost of their insurance policy.
This meant the number of claims on third-party policies went up, therefore insurers started to charge more money for this level of cover. As a result the pricing scale reversed, with fully comprehensive policies now both cheaper on average and offering better cover.
So it might be worth comparing all types of policies to be sure, but it’s likely that fully comprehensive motorbike insurance will be your best bet for affordable and wide-ranging cover.
Data provided by Vast Visibility from January to June 2019, accurate as of July 2019 While third-party, fire and theft cover is mid-range in terms of price, insurers also factor in the following when setting premiums: * Data collected by Vast Visibility from January to June 2019, accurate as of July 2019 Data collected by Vast Visibility from January to June 2019, accurate as of July 2019 Finding cheap motorbike insurance is easier when you compare policies on MoneySuperMarket. Just tell us a little about yourself, your driving history and the motorbike you want to cover, and we’ll show you a list of quotes tailored to your requirements. You’ll be able to sort through deals and compare them by their overall monthly and annual cost, the level of cover they offer, and the excess you’ll need to pay to make a claim. Once you’ve found the deal that gives you everything you need, just click through to the provider to finalise your purchase. As with all insurance products keep in mind that the cheapest available deal isn’t always the best for you. Aiming for a balance between price and policy so you have all the cover you need for the best price possible – this way you can avoid over-paying or under-insuring yourself.
What else affects the cost of third-party, fire and theft cover?
Compare third-party, fire and theft motorbike insurance quotes
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