For many, renewing their motorcycle insurance policy is a tedious affair that takes valuable riding time out of your day and money from your wallet.
It’s a necessary evil though and something we all must do and, being prepared upfront will save precious time and could even save you money.
Firstly, get all of your documents in order, it makes sense to have everything you need before you get the quote. Don’t make assumptions or half-arsed estimates on certain facts or figures, you will need to have everything in writing.
Things you’ll need ahead of a quote:
- Driving licence
- Proof of no claims discount
- Motorcycle registration
- Any information regarding advanced riding courses you might have passed
- Information regarding motorcycle security devices fitted
Your driving licence will have information such as your pass date which you will need when getting a quote. To accompany this, proof of no claims (if you have any) will be needed from your current or last insurer, it’s important that you get this correct as it will affect your policy, and getting it incorrect could cost you a premium to change at a later date if it’s wrong. It’s also important to note that no claims discount will only remain valid for two years, which means that you won’t be able to use proof from a policy that ran out before this.
Also, be careful when selecting what security devices are fitted to the bike. There are literally hundreds of products on the market to choose from and some are considered better than others, you need to make sure that the products you select are what you actually have though, there’s no point stating that a tracker is fitted to the machine to try and bring your policy down a few quid. It’s also worth bearing in mind that if you state that you secure the bike with a super-heavy-duty chain that weighs nearly 10kg then the insurance company will expect it to be locked up with this chain, something to consider if you’re going to need to put it in a rucksack.
You’ll also need to think about the cover you want to have for the bike, how you’re planning to use it and also how much excess you can afford to pay in the event that you need to claim.
If you’ll only ever be taking the bike out for a sunny Sunday blast then you won’t necessarily need the extra cover provided from a policy that will cover commuting too, however if you’ll be using it to get to work then you’ll need this included in your policy. If you’ll be using the bike while you work, then business use cover will be what you need to go for. Do not get the type of cover wrong, if you select social, domestic and pleasure riding only but instead use the bike to commute on too then don’t expect the insurance company to pay out if your bike is stolen outside of your office one day.
If you’re planning on taking a riding holiday overseas then it makes sense to ensure that your insurance will cover you for it. Some policies will include EU cover and others won’t, your documents will clarify this but it’s worth singling out a policy that will meet your travel needs through the year. And, if it’s unclear give the insurer a call to find out.
Lastly think of any additional cover you might need from the policy. Legal cover is always a sensible addition to a policy and worth considering but other areas worth thinking about are things like your kit. Some policies will allow for kit insurance too, meaning that you’ll get a payout on some of, if not all of the value of the kit you wear when riding in the event of an accident.
Breakdown cover is sometimes an added bonus that can really help you when you find yourself in a bit of a bind and lastly No Claims Discount protection will help keep your renewal quotes low should you have an accident in the year and have accrued a good list of previous no claims bonuses.
In summary, here are the things you’ll need to think about before getting your policy:
- The date you passed your bike test
- Proof of No Claims Discount (NCD)
- Any convictions pending, or on your licence, what and when?
- Advanced riding courses passed
- Third party, fire and theft or fully comprehensive?
- How much did you pay last year?
- When do you want cover to start?
- Level of excess you are willing to accept
- Do you want NCD protection?
- Legal cover required?
- Kit insurance? - get the value of your kit nailed down
- Are you planning to go on a touring holiday overseas (within the EU)?
- Do you rely on your bike as your primary transport i.e do you need a courtesy bike?
- Home address (obviously) and if different, garaging address for your bike
- Annual mileage: Just pleasure, or to include commuting or business use?
- Make, model and year of motorcycle, its mileage and your accurate estimate of the value of your bike
- Any accessories fitted and their value
- Modifications; a race can, flash paint job, tuned engine?
- What security you have to protect your bike like an alarm and immobiliser or lock and chain?