Top tips for cheap motorbike insurance

Find out how to save money on your motorbike insurance with our top tips.

Amy Smith
Updated 2 September 2019 | 2 min read

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Getting value for money on your motorbike insurance is important, but a cheap policy might not cover everything you expect it to.

Here are a few ways you can save on your motorbike insurance without compromising on the cover you need:

Choose a smaller, older or less expensive bike

Motorbikes that are smaller or older tend to have less powerful engines, which means your insurance will be less expensive.

This is because these motorbikes are usually cheaper to repair or replace and less powerful vehicles have less potential to cause damage or injury to others.

This might not be the case with rare or classic bikes though.

Avoid modified and unusual motorbikes

Having a motorbike with lots of modifications will make you premiums more expensive. They make your bike more expensive to repair or replace and more attractive to thieves.

Imported motorbikes can also be more costly to insure, especially ‘grey imports’ - bikes that aren’t available in the same form in the UK and are imported from outside the EU.

Limit your mileage

The less riding you do, the less of a risk you’ll be to insurers, so your premiums will be lower.

Pay annually

Paying your insurance in full is cheaper than by monthly instalments, because you won’t pay interest on it if you pay it off in one go at the start.

Improve your motorbike’s security

Fit your bike with a Thatcham-approved alarm and immobiliser to deter thieves. You could also install a tracker, so your bike can be easily found if it is stolen.

Keep in mind that the cost of improving your motorbike’s security might not be outweighed by the savings you make on your insurance, but it will also reduce your chance of having to make a claim for theft.

Park somewhere safe

If possible, keep your garage in a secure garage or shed, or on a driveway overnight.

This lowers the chances of your motorbike being stolen or damaged and could reduce the cost of your insurance.

Consider who rides your bike

Having a young or inexperienced rider on your policy means you’ll end up paying more, but adding an experienced rider (with their permission) could help cut costs.

Accurately state who the main rider of the motorbike will be - if you don’t, you’ll be committing a type of insurance fraud called fronting and any claims you make will be rejected.

Take a motorbike training course

You can take an advanced riding course to gain experience and further your skills, but the savings you make on your premiums might not outweigh the cost of the course, so consider this carefully.

Get the right motorbike cover type

If your bike is old or not worth much then it could work out cheaper to get a lower level of cover - third party, fire and theft, instead of fully comp for example.

But surprisingly policies that offer lower levels of cover might not necessarily be cheaper than a comprehensive policy.

Make sure you know exactly what the cover you choose includes and excludes.

Only pay for what you need

Don’t pay for aspects of cover you don’t need. For example, you might not require legal assistance or access to a courtesy motorbike.

If you need it, breakdown cover can either be bought alone or as an add-on to motorbike insurance, so do your research to find out which is cheaper.

Motorbike use

Using your motorbike for commuting means you’re more likely to be driving in busy traffic so you’re more of a risk to insure than someone who only uses their bike for social uses.

Be honest about what you use your bike for, as your insurer might be reluctant to pay out on a claim if you’ve given them the wrong information.

Build up your no claims discount

Riders with a number of claim-free years will usually benefit from lower premiums.

Increase your voluntary excess

You can choose to pay a higher voluntary excess, which will usually result in lower insurance quotes.

Be certain that this is something you could afford though, as you’d need to pay the voluntary excess in addition to the compulsory excess if you make a claim.

See if you can only insure in season

You need to insure your bike year round, even if you don’t ride it over the winter.

Alternatively, you can get a statutory off-road notification (SORN) so you won’t need an insurance policy, but you’ll have to take your bike off the road and not ride it.

Short-term motorbike insurance is rare, but some specialist insurers do offer it. It might be more expensive than just taking out an annual policy.

If you don’t need cover for the full year, you can cancel it after you no longer need it, which could entitle you to a partial refund if you’ve not made any claims.

This isn’t guaranteed though, and you’ll usually have to pay a cancellation fee and you won’t get your no-claims bonus for that year.

Multiple bikes cover

If you’ve got more than one bike, you don’t have to insure them all separately. By doing this, the insurer assumes that you could ride any of the bikes at any time.

Some insurers offer multiple motorcycle cover, which considers the use of each bike individually. This could be useful if, for example, you have a moped for commuting to work but you ride a tourer on the weekends.

Multiple bike insurance can work out cheaper than insuring your collection separately, but it might not make much difference if you have more than one rider on the policy - more riders plus more bikes equals more risk.

Shop around for the right motorbike quote

Comparing a range of motorbike insurance quotes means you can find the cover you need for a cheaper price.

Just remember that it’s not all about the cost - it’s more important to find insurance that covers what you need it to. Getting a cheaper premium is just a bonus.

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