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Are you
paying too much? The answer
is probably YES! The best advice we
can give is to shop around as motorcycle insurance offers are many
and varied.
Do not assume that
a renewal premium is the best available. For example, my insurance renewal came through and it was only a little more than
last year but I checked on Confused.com
and found offers around £30.00 less, so I contacted my broker to ask if they would price match. I was told they
didn't
price match (they had before) but would get me a new quote. The new
quote was about £60.00 less than the renewal quote and better than any
other price on offer!
With my other one, I checked the specialist advertisers and the first quote was about
£140.00 for an agreed value of £4000.00 and 5000 miles a year. Second quote
was £240.00 and then I tried Carole Nash who gave me all I wanted plus
free European Assistance for below £100.00.
With my motorbikes I
have my main insurance via a local broker and I pay £112.37 for cover on my 1989 GSX
750ESF, BSA M33, BMW R100 and CZ
175. This covers me for Third Party Fire and Theft with 90 days
Foreign use as a free extra. The excess is £175.00 and I have 9 years
no claims bonus.
You can often
reduce your premium by having a larger excess (the amount you pay in
the event of a claim). You can also get
reductions by limiting the period of cover if you ride only in the
summer months.
If you take your
motorcycle abroad it is always best to get European Breakdown
Assistance as part of your package as it can be impossible to get
separate cover for a bike over 10 years old. If you plan to buy
a motorcycle abroad you can get 14 days cover from Carole Nash to allow
you to drive it home. A friend recently bought a 2CV van in France
and this was the only insurer to offer this type of cover.
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Be sure of your
needs and don’t be afraid to go back to an insurer to ask for a
better deal.
Some policies even
cover bikes when in pieces during restoration.
Don’t forget to
admit to any points or convictions as a small lapse of memory might
get you a better price but could invalidate your insurance cover.
For agreed value
policies you have to submit a series of photos and a full condition
report. It is also worth ensuring you can buy the wreck should the
motorbike be written off.
Do NOT exceed your
mileage limit.
If you modify your
motorcycle in any way you need to advise your insurer. That might be
the fitting of a different carb or even a rack and hard luggage. |
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Finally you might
want to ask for a price to protect your No Claims Bonus. Some
insurers include this in the price, some give you a free year after
2 years. Just check out the deals that suit you.
By Pete Edwards
© Chris Baddiley / JAWA CZ Owners Club of Great Britain and Ireland
Last
Updated: 08 July 2008 - Privacy
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