Insurance is a legal requirement and must be renewed every year.
There is a penalty for riding a bike/scooter you’re not insured to ride; the police will hand out a minimum of fixed penalty fine of £300 and/or 6 penalty points.
This is the minimum if your case goes to court it can cost you lot’s more including an unlimited fine and/or losing your licence.
The type of motorcycle insurance policy that you need depends on how you use your vehicle.
The three main usage types are:
- Social including commuting
- Business use
If you only ride your bike for pleasure, then you need a social only policy but if you use it to get to work/college then you need social plus commuting.
Business insurance is a necessity if you use your scooter/moped/bike for work in any way, such as a deliver rider.
The three levels of insurance cover are:
- Fully Comprehensive
- Third Party Only
- Third party, Fire and Theft
A fully comprehensive motorbike insurance policy covers you for any damage you cause a third party (another road user), their vehicle or their property. It also covers you for damage to your bike/scooter and personal injury, fire damage and theft.
Third Party Only
A third party only motorbike insurance policy covers you for any damage you cause a third party (another road user), their vehicle or their property.
Third party, Fire and Theft
A third party, fire and theft motorbike insurance policy covers you for any damage you cause a third party (another road user), their vehicle or their property. Also, fire damage and theft of your bike/scooter.
Most important fact to remember if your cover is third party only or third party, fire, and theft if the collision is your fault you will have to pay for your own repairs.
- All insurance policies contain words along the lines of ‘the information you supply is correct to the best of your knowledge’ this means if you don’t answer all the question correctly you may not be insured and could be prosecuted for having no insurance. Always be honest.
- You cannot insure a vehicle you are not licenced for.
- With any insurance you must always read and understand what you are getting for your money, the cheapest is not always the best for you.