When you compare bike insurance quotes online, take a moment to understand just how much simpler insurance and the search for it has become since the internet took off.
In the past, getting just one quote meant filling out forms, sending paperwork and time wasted waiting for an answer from the insurance company. To get more quotes required you to go through the whole process yet again.
Many people settled for expensive insurance when there were much cheaper options available. The internet has made it easy to find several different companies and get quotes in a very short space of time, and there are even companies who, once you have fed in your information and needs, will find quotes for you and narrow them down. The process could not be simpler.
How to find bike insurance quotes
Finding insurance companies is easy. Simply look online in classifieds and business directories. You can also ask around for recommendations. As with everything, make sure you research each company to look for complaints of bad service or dishonesty and factor what you find into your decision.
Some of the bigger companies are more than happy to contact you and send you all the information you could need. There are often several options with different benefits from each company, and so taking the time to consider what your needs are and what you really want from your insurance policy is a good place to start.
Comparing bike insurance quotes
When comparing quotes do not necessarily make your decision based on the cost alone. Before you start, decide what your non-negotiable requirements are for bike insurance, what you would like but could compromise on and what you can afford to spend. Talk to a professional or do some research if you are not entirely sure what you need or want.
When comparing the quotations, look at things like the speed at which you will be compensated, how often you can make changes to your policy, the extent of damage your policy will cover as well as the excess you could be obliged to pay.
Different types of bike insurance
There are several different types of bike insurance policies. The following are several basic types of cover.
- Third party cover
Third party insurance will cover you against any damage you may cause to other vehicles and other people’s property. It is utterly essential for anyone driving any vehicle on the roads. This is generally the cheapest option, but while you save on your monthly payments you will not be covered if your vehicle is stolen or damaged.
- Third party, fire and theft
This type of insurance again covers any damage to other vehicles or other people’s property, but it also pays out if your bike is stolen or damaged by fire. You may have to pay excess on damages, but the insurance company will cover the majority of the expense. Your monthly premiums will be slightly more expensive, but your cover will be far more extensive and it is definitely worth it if you can afford it.
- Full comprehensive
Full comprehensive insurance covers third party damage in the same way as the first two options, damage by fire, theft AND the costs of any damage to your bike. This is the most extensive form of insurance and will definitely give you peace of mind, but it is also the most expensive. Monthly premiums can be very high, which could be frustrating if you never end up needing pay out. Unfortunately, accidents happen and you will not see them coming, no matter how careful you are, and having full cover gives you reassurance that you will not be left without your vehicle should something happen.