If you’re thinking about getting a motorbike, then motorcycle insurance is going to be a must. But if you’re a first time rider then you might have some questions. We’re here to give you the low down on motorcycle insurance so that you know what your options are!
Motorcycle Insurance: The Basics
Alrighty, so let’s start with the basics here. If you’re going to ride a bike legally on the road then you need to have motorcycle insurance. Riding without insurance is illegal, in the same way as it’s illegal to drive a car without vehicle insurance. You’ll also need a valid motorcycle license, and note that this is NOT the same as a driving license. If you have a normal driver’s license you’ll need to go back to your local driving license testing centre to apply for a specific motorbike license.
Is Motorbike Insurance the Same as Car Insurance?
Motorcycle insurance is more or less the same as car insurance, so if you’re experienced in the car insurance market then there isn’t too much more to learn. You’ll have the same options as you do when insuring a car, including comprehensive, fire and theft and third party policies. Motorcycle insurance isn’t completely identical though.
The biggest difference is going to be that whilst passengers in a car are automatically covered in a car insurance policy, passengers on a motorbike are NOT. If you’re thinking about carrying someone else with you then you’ll need to add “guest passenger liability cover” to your policy. This will obviously add a little to the cost of your motorcycle insurance, but it is a requirement for carrying passengers!
How Expensive is Motorcycle Insurance?
Many people opt for motorbikes as a cheaper alternative to driving a car. Motorbikes cost less to purchase, have better gas mileage (so are cheaper to run), and (the good news here) have lower insurance premiums. In general you can expect your motorcycle insurance to be less than a normal car insurance policy. However, don’t forget that there are additional costs to running a motorbike. The cost of protective clothing, for example, and the fact that bikes tend to need more maintenance than cars do.
What Effects the Cost of Motorcycle Insurance?
In general, the price of insurance quotes for motorbikes will be effected by the same factors that effect the cost of car insurance quotes. So your age, your driving record and the value of your bike all influence the cost of your premiums. However, the power of your motorbike will also effect costs, since more powerful bikes are more likely to get into accidents and therefore have more expensive premiums. Desirability plays a role as well, since bikes that are considered desirable are more likely to be stolen and have higher insurance rates.
Where to Get Motorcycle Insurance
The good news here is that nearly all car insurance companies also offer motorcycle insurance options as well. OUTsurance, Santam, MiWay and Hollard, for example, all offer options. This is good for you, since more companies means more competition, which in turn means lower possible prices for you!
How to Get Cheap Motorbike Insurance
If you’re looking to lower costs and get the cheapest motorcycle insurance that you can, then we do have some advice for you! Follow these rules to decrease the amount of your monthly premiums:
If you have a car and car insurance then consider getting a quote from your car insurance company for motorcycle insurance, since they may let you get insurance with lower premiums based on not having made claims with your existing car policy;
Theft is a big problem for motorbikes, since they’re relatively easy to steal, getting a locked garage is an added monthly cost but could end up bringing your insurance premiums way down since your bike is less likely to be stolen;
Shop online and get as many quotes as possible before making a decision, insurance is definitely an area where comparison shopping really pays off;
Don’t add extra drivers or passengers unless necessary, since these will both add to your premiums;
Consider using public transport for your commute and leaving bike riding for the weekends, if you consistently drive at commuting times when roads are busy you’ll get higher premiums, and cutting down on yearly mileage can help save costs too, since many companies offer discounts for less frequent drivers;
Think about taking a safe driving course, these do exist for motorbikes and getting a certificate to present to your insurance company can mean cheaper premiums.
Motorcycle Insurance: Bottom Line Time
Motorcycle insurance is a legal requirement, but it is going to cost you less than car insurance, and plenty of car insurance companies also offer motorbike insurance options. You will need to shop around to get the best deal though. Our best advice? Click the banner above (or the top right of the home page) and you’ll get a handful of free insurance quotes to get you started, then check out some of our insurance company reviews to see which company should get your business. Happy driving!
Main Subject: motorcycle insurance
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