Motorbike insurance: Hidden costs and higher excess

Hidden Charges
When you are making a motorbike insurance comparison it is always worth asking whether your motorbike insurance will be cancelled if you have to make a total loss claim, for theft or a write-off.

It’s often the case that the cheaper policies will have this sort of restriction, and if you have to claim in the first couple of months, that can be an unexpectedly large expense to cope with.

As bikers we are far more likely to chop and change our machinery mid-term.

So, if you think you might be one of those guys it is always worth finding out how much is charged if you alter your policy in any way mid-term when you are making a motorbike insurance comparison.

There can be significant hidden charges if you switch bikes in the summer and have to get an update to your motorbike insurance.

Higher excess means cheaper premium
One of the skills to making a successful motorbike insurance comparison is to consider what elements you are willing to “self-insure”.

That means perhaps accepting a higher excess on your motorbike insurance, the amount you pay in the event of a claim. Get that figure higher and your motorbike insurance becomes even cheaper.

As some excesses depend on whether the motorbike is garaged or not, when you are making a motorbike insurance comparison, ask what the conditions are if your motorbike’s nicked from a mate's house for example.

Normally if you're not at home when your bike's stolen they'll pay out, but there may be an increase in the excess.

EM10 SM10

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