Whether it’s the lure of being able to weave through pesky traffic jams, or simply because it’s a more cost-effective option, many people are swapping their cars for motorbikes. But before you get too carried away with donning your leathers, it’s essential to consider getting your bike insured.
Indeed, in addition to the risk of accidents occurring, motorbike theft is a worrying issue. According to UK Government statistics, out of every 1,000 motorbikes registered on the road, around 37 are stolen. This may not seem high, but when compared to car theft – on average 10 cars per 1,000 registered are swiped – it’s a lot!
Generally speaking, there are three different types of motorbike insurance: Fully Comprehensive; Third Party Fire & Theft (TPFT); and Third Party Only (TPO). As with car insurance, TPO is the most basic package you can legally opt for and will protect you financially against any damage or personal injury caused to a third party.
TPFT, on the other hand, will provide coverage for your bike should it be stolen or damaged by fire, as well as including third party protection. It may be also possible to find insurance companies that will protect your motorbike against vandalism or severe weather damage.
In order to be covered against the eventuality that you damage your own bike, or are in an accident that is your fault, you will need to look at taking out Fully Comprehensive insurance. This is the highest level policy you can opt for and will provide you with the most inclusive coverage.
To get the best policy for your needs, it’s well worth carrying out a motorbike insurance comparison [http://uk.insurancewide.com/insurance/motorbike/]. Thorough research will not only provide you with a comprehensive overview of the market, but will also allow you to search for the most cost-effective packages.
Trying to compare all the different types of insurance can be very time consuming though. That’s why it can be a good idea to use one of the many motorbike insurance comparison websites out there. On top of presenting you with a detailed view of all the deals available, they can provide you with a quote in minutes.
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