Navigating the world of motorbike insurance can be a daunting task. Misconceptions and myths abound, leaving riders feeling confused and unsure about the best way to protect their pride and joy. But fear not, fellow bikers! We’re here to separate fact from fiction and clear up any confusion. Read on as we bust the top 10 UK motorbike insurance myths.
Myth #1: Third-party insurance is always the cheapest option
Truth: While third-party coverage may initially seem like the most cost-effective choice, it’s not always the case. Comprehensive policies can sometimes be cheaper, as insurers may view those seeking only third-party coverage as higher risk. Always compare quotes for both types of policies to ensure you’re getting the best deal.
Myth #2: Your no-claims bonus is lost if you switch insurers
Truth: Good news – your no-claims bonus isn’t tied to a specific insurer. It’s a reflection of your claims history and can be transferred between insurance providers. Just make sure you have the necessary documentation to prove your no-claims bonus when switching.
Myth #3: Modified bikes are uninsurable
Truth: While modifications may increase your premium, they don’t automatically make your bike uninsurable. Always inform your insurer of any modifications to avoid invalidating your policy. Some insurers even specialise in covering modified bikes, so shop around for the best deal.
Myth #4: Motorbike insurance is only necessary if you ride frequently
Truth: Whether you ride your motorbike every day or only on weekends, UK law requires you to have insurance. If your bike is off the road for a while, you can apply for a Statutory Off Road Notification (SORN) and cancel your insurance, but remember that you cannot legally ride your bike while it’s SORNed.
Myth #5: Your motorbike is automatically covered for theft
Truth: Theft coverage varies between policies. Comprehensive policies usually include theft protection, while third-party, fire, and theft policies cover theft and damage due to fire. Check your policy to ensure you have the right level of coverage.
Myth #6: Wearing a helmet isn’t a requirement for insurance claims
Truth: If you’re involved in an accident and aren’t wearing a helmet, your insurer may refuse to pay out. Always wear a helmet to protect both your head and your wallet!
Myth #7: Motorbike insurance covers your personal belongings
Truth: Most motorbike insurance policies don’t automatically cover personal belongings. If you want to protect your gear, such as your helmet and leathers, consider adding personal belongings coverage to your policy.
Myth #8: Your motorbike insurance covers you for riding any bike
Truth: Your policy covers you only for the specific bike listed on the policy. If you want to ride other bikes, you’ll need additional coverage or a separate policy.
Myth #9: A powerful bike means higher insurance premiums
Truth: While a powerful bike may increase your premium, other factors like security measures, where you store your bike, and your riding experience can also affect the cost. Don’t let the fear of high premiums deter you from your dream ride – shop around and compare quotes to find the best deal.
In conclusion, being well-informed about motorbike insurance is key to securing the best policy for your needs. Don’t fall for these common myths – do your research, compare quotes, and ride with confidence knowing you’re covered to the expected level.
