Getting motorcycle insurance is a legal requirement but it’s not always easy to choose the best deal that meets your needs and requirements. UK is home to over 60 companies that provide this kind of cover. Although it gives a great choice for customers, it can also be confusing and difficult to decide on the right protection for you.
Therefore, it’s important to conduct an in-depth research on the types of covers available. You need to compare the prices and offers of various companies as they can have different rates for the same type of insurance. Don’t dismiss smaller insurance companies. Many big name insurers don’t cover motorbikes so it pays to shop around.
Some companies deal with customers directly, while others offer products via insurance brokers. Brokers can help you to find insurance which will be the best suited for your personal circumstances. They can shop around for you and find the best quote available from the companies they deal with. Both direct providers and brokers can be easily found in the phone book or by searching the internet.
In order to find a broker it might be worth contacting The British Insurance Brokers’ Association (BIBA). It’s the UK ’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers. You can search their directory on the internet, call them or fill in a form and ask to be called. The organisation’s Find a Broker service helps more than 400,000 people a year to access the most appropriate insurance protection.
You can also ask your friends and relatives for any piece of advice and recommendations with regard to motorcycle insurance. If any of them has insured their bikes before they might give you a great insight into the process and the best deals available. Finally, you might find it more convenient to get your insurance while you’re doing something else, for example when you’re at your bank or supermarket.
Whether you buy a product directly from the insurer or via a broker, it is a good idea to plan ahead and find out what type as well as the level of cover you need before you compare different policies. There are three kinds of motorbike insurance policy available in the UK including: fully comprehensive, third party, and third party, fire and theft. The type of insurance you choose will depend on how much you are willing to pay.
Third party insurance will cover costs of any damage caused to the property of a third party if you’re involved in an accident as well as the costs of any resulting medical bills of the third party. It’s the least expensive of the three levels of motorcycle insurance and is the basic minimum cover required by UK law.
Third party, fire and theft is the next policy level up and offers you protection if your motorbike is stolen or damaged in a fire. This type of insurance covers you in the event of an accident that was your responsibility.
Fully comprehensive insurance provides protection for damage to the vehicle, property and yourself even if the liability for damage lies with you. If you choose to be fully protected for any type of eventuality then it will inevitably cost you more than an insurance policy which offers the basic minimum cover.