Are you thinking of getting a motorbike soon? Perhaps you have had your eye on one for a while, and 2021 is going to be the year you invest? Whether you’re hoping to ride for fun on weekends, or use it daily as an all-year-round form of transport, there are many benefits to owning a bike.
Motorbikes not only have a really long life expectancy, but they are also a very cost-effective form of personal transport. Petrol tends to be less, as does road tax and insurance. They benefit from relaxed congestion in most cases, and in some car parks, you can even gain access to free parking.
If you can’t think of anything better than having the wind through your hair as you set off on your adventures on your bike, here are some key considerations to think about before buying and insuring a motorcycle.
The make and model of your bike
If you fancy a top-spec Harley Davidson, you might have to prepare yourself for an extremely high premium. The more powerful – and expensive – your motorbike is, the more it is going to cost to fix if you were to make a claim. Therefore, you can expect to pay a lot more to insure it.
Your location
Where are you planning on storing your motorcycle when you are not using it? When it comes to getting insurance for it, the insurance company will want to know this. If the answer isn’t at home, locked up in a safe facility, some insurers might not even provide a quote for you.
Security measures
Are you planning on putting any advanced security measures on your bike? If you are, you could benefit from considerable discount on your premium. Fit your bike with an immobiliser and an aftermarket alarm and you could even save up to 10%.
Your occupation
If you are someone that is going to be using their bike every day to get to and from different work commitments, you might find yourself having to pay a higher premium.
Any modifications or accessories
Has the bike you are looking at had any modifications? Or are you looking to make any yourself? This could again affect your premium, so it’s better to be honest with the insurance company to ensure that they can correctly insure it.
Before going out to purchase your bike, ensure that you take all the above points into consideration.
