Wednesday, July 18, 2012

Methods For Cheaper Motor Bicycle Insurance

Motor Bicycle Insurance


As per prevalent law, motor bike Insurance is mandatory. In UK, computation of premium depends on a number of factors like area in which the owner parks his vehicle, model of the motor bike etc. Here are a few tips to get cheap motor bike coverage in UK. First of all, the owner or purchaser of the motor bike should decide the make of the motor bike.

Models like Harley and BMW being in premium segment attract higher premiums. This is because when it comes to claim for damage, vehicles like BMW motorbikes, Harley etc are on the higher side when compared with other models. Thus the Insurance premium is also on the higher end.

Besides this, place of parking the vehicle is also a crucial factor in arriving at the Insurance premium. In areas where incidents of burglary and theft are higher, the insurance premium is charged on increased rates. To get the insurance cost for motorbikes reduced, every care should be taken to avoid accidents and also to keep the motorbike parked safely and securely. In case of minor accidents the owner gets to claim from the insurance company subject to completion of certain formalities in this regard but the insurance premium for subsequent years is increased substantially while renewing.

Some insurance companies also offer 'no claim bonus' which can be availed by keeping your motorbike safe and accident free. While lot of people think, motorbike insurance are a liability when nothing wrong happens, it should be looked from the other angle wherein it rescues you during a time of need. Insurance of motor bike should not be treated as

Methods For Cheaper Motor Bicycle Insurance

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