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	Motorcycle Cover For Your Bike

Statistics show that around 10,000 bikers in the UK cancel their insurance policies during the winter each year. Most of them lock away their bikes but forget that even after being locked in a garage, their bikes are at risk. Thieves know that many motorbikes are stored in garages during the winter and more than 600 bikes are stolen each month.

If you have cancelled your policy and your bike is stolen you cannot file a claim. But you can lower the cover, save money and yet retain the essential minimum cover against fire and theft during the winter.

An irritating feature of current motorbike insurance policies is that you cannot collect discount bonuses over time. You can get some kind of discount if you are claim free for a specific time with the same insurer, but this is not frequent.

There are some kinds of motorcycle insurance policy, Specified Rider Policy, Specified Bike Policy, Third Party Insurance and Comprehensive Insurance. A specified rider policy provides cover for the rider and not the bike. The advantage of this policy is that it lets you ride any motorcycle till a specific size. A specified bike policy is totally opposite and covers only the motorbike and not the rider. It is recommended if you want to insure many riders for the same bike.

Sadly for motorbike riders, especially younger riders, they will be charged higher premiums for their insurance policies because of the higher risk of their selected method of transport.

Third Party is the least minimum kind of insurance and the cheapest. The 'third party' is any person you may hurt or property you may damage. You won’t be reimbursed for any other expenses and you will have to bear the extra expenses.

Comprehensive Insurance is the costliest and pays for repairs to your motorcycle if it is damaged in an accident. It also implies that if you were not responsible for the accident, there is no need to wait for the other party's insurance to be paid to you, since your insurance will pay. But you have to bear the excess which can be refunded when the others party's insurance pays your insurance company. These policies generally contain add-ons like breakdown cover.

Some essential factors that decide premiums are age. Young motorcyclists have a very high accident rate and, as per the statistics, are much more likely to get in an accident than more experienced riders. They can cause very expensive and permanent damage to themselves

Occupation also decides premiums. Workers spending long hours on the road going from one place to another will attract much higher premiums the longer time that is spent on the road the higher chances that accidents can occur.

If you have made any claims in recent past for driving related accidents, you will be charged higher than average premium. Security devices like immobilisers, alarms, steering locks and other security devices are useful only if they are activated. But their presence will lead to comparatively lower premium, especially in inner city areas.

The more powerful the bike, the higher the premium it will attract. The model of the bike can affect the premium. Costly bikes can also attract higher premiums.

Like cars, many motorbikes will depreciate very quickly. In case of a material damage claim, insurance companies will only bear the present market value of your bike. In these situations, it may be useless to pay the extra premium for comprehensive cover as against third party, fire and theft only.

If your license shows points for speeding, dangerous driving etc your premium will increase, if you are disqualified for some time, your insurance premium will go up once you get back your license.

At times, you can obtain discounts due to the training you have obtained, passing an advanced test will normally fetch you a discount.

All the above factors affect your premium, but it will also be affected when the insurance companies are attempting to manage their risks and you will normally notice major differences in prices. But perform a proper research and simply don’t opt for the cheapest one as insurance companies lower premiums by lowering the cover.

It is illegal to ride without insurance and always be honest with insurance companies. If they find out that you have hidden some important facts from them, they may make your insurance invalid. Besides the fact that you won’t be paid a claim, you can also be prosecuted for driving without insurance.

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