For Cheaper Motorbike Insurance Go Third Party, Fire & Theft
You’ll know from when you learned to ride a motorbike how important it is to get your balance right. If you’re on a budget and looking for affordable motorbike insurance, striking the right balance can be crucial too.
Third party, fire and theft motorbike insurance can be a useful compromise between getting a better level of cover and saving money. It will offer a similar type of cover to third party only, but has the added benefit of protecting your bike against theft and damage by fire.
Choose the right insurance cover for your bike
It is illegal not to have motorbike insurance and the cheapest and most basic cover available is third party. However, this offers limited cover and third party fire and theft, for a little bit more money, gives you an improved level of cover.
If you have third party insurance and you cause an accident, your insurer will only pay out for damage to the other person’s vehicle and possessions as well compensating them for things like medical expenses should be injured too.
If fully comprehensive insurance is too expensive for you, you may find that third party is a good option. Motorcyclists whose bike isn’t worth very much also often opt for third party as the cost of replacing it isn’t too high.
However, with any policy you’ll have to pay an excess and if your bike is worth more than the amount you agree to pay towards any claim, then third party fire and theft may suit you better.
At Insurance4Motorbike.com, we’ll provide you with a wide range of motorbike insurance quotes for varying levels of cover, so you can make an informed decision about which is the best for you.
Cheaper Bike Insurance for lower risk bikers
What poses the greatest risk to your motorbike is theft. Figures show that motorbikes, especially scooters and small bikes, are a lot more likely to be stolen than cars in the UK. This is why third party fire and theft can be a lot more useful to you, especially if you leave your bike parked on the street overnight, particularly in an area with a high level of motorcycle theft.
You will find, however, that if your area does have high crime figures, you’ll end up paying more for your insurance premiums. This is where problems arise when it comes to the affordability of your motorbike insurance.
The value of the bike will play a big part in what level of cover you opt for. Paying a bit extra to protect against fire and theft might not be a wise move if your bike is only worth a few hundred quid and the cost of replacing it is relatively low.
Your excess is the amount of money your insurer will expect you to pay towards any claim. In the event of your bike being stolen, you will have to stump up some cash before you see anything from your insurer. If that amount is more than the market value of your bike, then it’s not really worth choosing the higher level of cover. Let’s face it, if you’re on a tight budget, you’ve probably taken out a high excess to keep your insurance costs down.
Compare MotorBike Insurance Quotes – Great savings to be made
Of course, when it comes to comparing motorbike insurance quotes, you’ll find there are many benefits to third party fire and theft.
If you are involved in an accident which was the other person’s fault, you will be able to make a claim against them for things like damages to your bike and the cost of medical treatment. However, if the accident was your fault, you won’t be able to claim.
Your insurer will also contribute towards the cost of replacing your bike if it is stolen or destroyed by fire and will also help with repair costs if it is damaged by fire.
When looking for cheap motorbike insurance, Insurance4Motorbike.com is your one-stop-shop. We’ll help you find amazing quotes for all types of cover. Just fill out our simple quote form or call our expert team on 0800 787 670.
Get Cheaper Motorbike Insurance Quotes at Insurance4MotorBike.com