What does Motorcycle Insurance cover?
Motorcycle insurance covers all styles of two-wheeled road transportation including motorbikes, sports motorcycles and mopeds, amongst others. There are a number of companies that may possibly exclude a form of motorcycle that isn't in their risk category, such as modified motorcycles, however they will normally have a separate plan that is an alternative with different sets of inclusions.
Motorcycle insurance covers you from damage and injury resulting from an accident on the road and by making a claim through your motorcycle insurance policy you can recover these costs. Insurance policies can also give you coverage for several accessories associated with motorcycles, i.e. your leathers, saddlebags, backrest and helmet within your policy.
Motorcycle insurance is generally offered as a comprehensive form of cover and includes damage, public liability, roadside assistance, travel expenses and medical expenses. These expenses are frequently limited to assisting you at the time of the accident/occurrence.
What is not covered by Motorcycle Insurance
Weather-related events and damage to your motorcycle are not typically covered by motorcycle insurance, unless the motorcycle has been stored correctly.
This can also apply to damage of custom work, unless it has been stipulated to the insurer that the custom work happened and you provide photographic evidence. If you want to be covered against damage caused by another party who is uninsured you may request an uninsured motorist inclusion.
Motorcycle Insurance Policies
Insurance premiums for motorcycle insurance depend on the insurer and what they offer in terms of the level of cover and how much of a risk you are personally. Most of the issues for motorcycle drivers are the same as the issues for car drivers, so it is advisable to understand car insurance policies as well as motorcycle ones.
There are a number of issues specifically for motorcyclists that can contribute to higher or lower costs in insurance. Opting for an insurance policy that covers your exact needs can be done and at a much lower cost than you may be expecting. Things to take into consideration when insuring your motorcycle are:
Age: Those under thirty years of age can expect to pay more for motorcycle insurance on their vehicle, and more again for those under twenty-one. Generally if this is the case then third party motorcycle insurance can be cheaper.
Mileage: If you also drive a car you won't overpay because you have overestimated your bike mileage. Many people who use a motorcycle do not use their motorcycle as their primary form of transport, therefore they use their car mileage to estimate the bike mileage, however the average motorcycle mileage is estimated at around 4000 a year, therefore you may pay less for accurately estimating your motorcycle mileage.
Security: One of the biggest problems in motorcycle insurance is security, so if you can keep your vehicle indoors or lock it correctly your insurance policy will be cheaper.
No claims: One claim free year in motorcycle insurance can give you a 40% discount on your insurance.
Gender: Some motorcycle insurance providers offer lower quotes for female drivers, so if you are a woman it is worth checking this out.
Other factors: Using a motorcycle for work-related purposes, the area you live and engine size are other factors amongst more that can be taken into account when selecting your motorcycle insurance, therefore it is worth shopping around to get the best quote.
Motorcycle Insurance for Learner Drivers
It can be daunting when you are just starting out to select the correct form of motorcycle insurance. As a learner driver, there are options available to you but often these are costly, especially if your are under thirty years of age or under twenty-one. However, a number of select companies and clever moves can ensure you find a cheaper policy.
The first option available to you is to be a named driver with third party cover on a friend of family member's motorcycle insurance policy. If this person has a no claims bonus and is of a certain age, this might work out as the cheaper option, however many people may not wish to risk their policy in the hands of a learner driver.
If you have access to your own vehicle, there are other options of motorcycle insurance policy that can be utilised. As soon as you are independently insured on your own vehicle, you can begin earning your own no-claims bonus. There are a number of websites where you can compare your insurance needs in order to find the perfect cover for you.
So when you begin your driving career either by taking lessons and learning to drive or just purchasing your first vehicle, ensure you shop around and find out the best option for you in terms of motorcycle insurance cover.