Skip to main content

Worried about the cost of your motorbike insurance?

1. Not too many of us love the thought of paying for our motorbike insurance and if you’re looking for a few ideas as to how to get your costs down, you might want to think about some of the following ideas:

2. Ride a smaller bike: that concept may strike you as being unthinkable but it’s a fact of life that typically if you ride bigger and more powerful machines, you may also face bigger and more powerful premiums.

3. Look around: motorcycle insurance quotes are typically readily available so it might make sense to look around carefully before making your decision;

4. Convicted biker cover: if you have picked up a penalty point or two, the chances are that you’re going to see a hit on the cost of your motorcycle insurance.  If you find policies that specialise in providing cover for convicted bikers, you may be able to reduce that increase somewhat.

5. Pay for essentials: paying for cover you don’t use might be generous to the point of being foolhardy, so if, for example, you’re not going abroad with your bike, you may wish to question why you’re paying for a policy that includes extensive overseas use cover;

6. Don’t slip into a rut: because motorcycle insurance probably isn’t top of most of our interest lists, we may all have a tendency to simply renew our existing policy because it’s the option that involves the least effort.  Yet things change and although our policy may have been great when we first took it out, there may now be better options around.  Of course, you won’t know that unless you make the effort to look before renewing;

7. Be careful with customisation: if you make changes to your bike that move it away from the original manufacturer’s specification then there’s a fair chance your insurance costs might raise.  Try to avoid doing so or if you must change something, try checking with the insurance provider first to see what the insurance implications might be;

8. Use third party cover where appropriate: in some cases, your bike may have a relatively low value and taking our fully comprehensive insurance might be unnecessarily expensive.  Third party liability cover might be adequate; however, do your sums before downgrading your cover just to save money on your policy. Be sure that you’d be happy to accept all the costs if your bike was stolen or destroyed in an accident etc.  

Comments

Popular posts from this blog

Why it’s important to save for retirement

While retirement may seem far off in the distance for some, financial experts say you’re never too young to begin saving.  In fact, the earlier you calculate your retirement needs and start building your nest egg, the easier it will be to create a viable plan for the future. Many experts advise you begin saving a percentage of your income for retirement as soon as possible, no matter how little the contribution may be, as it’s possible the Social Security benefits millions of people currently depend on may be in jeopardy.

Low interest credit cards - how to make them work for you

Credit cards are borrowing instruments, unlike debit cards where you already have the money. Banks are there to make money too. Just like high street stores, they hope to maximise their profits within the rules. So it’s important to understand the basics and find a credit card that’s right for you – you can compare low APR credit cards here . Now you know the rules, let’s find out how to play the game. The financial services industry charges interest on the money that it lends out. Let us assume you borrow £100 on your credit card and keep it for exactly one year before you pay it back. For the purposes of this article, we will assume your loan attracts 8% interest per year, which is the Annual Percentage Rate, or APR for that particular transaction. Practical example

Basics of Stock Markets: The A-Z Quick Sheet for a Beginner-Level Investor

Several individuals wish to engage themselves in stock market and invest their money in stocks, but they don’t have an idea about Stock markets and how they work . In fact, there may be lot of info available to you, but they may all seem confusing without actually knowing the basics. This post aims at educating the beginners about the basics of stocks market. Read on to enlighten yourself about the A-Z of stock market. 

Looking For Ways To Finance Your Next Building Project? Look No Further

If you need money to start your next building project, you may be quite surprised by the number of different options you have. However, the options that will actually be available to you will depend on many different factors and these factors will decide how eligible for construction finance you are. In this short article, we will look at what you can borrow, how you can borrow, and what restrictions you might come across. Please note that while the information in this post is correct, your own personal situation will determine what the best course of action is for you. Speaking to an independent financial advisor will help you to see if you are eligible for construction finance and how to go about getting it. Different Types of Mortgages Let’s start with the different types of mortgages that may be available to you. Remember, whether one is better for your needs than another depends on many factors. Commercial Mortgages Let’s start with commercial mortgages because they a

Four factors that have fuelled city-centre living

Urban centres have become increasingly popular in recent years as both residential locations and as commercial space. This social change has been driven by a number of factors and has been reflected in the number of new property developments springing up in major cities around the UK. As space tends to be at a premium in urban areas, it has led to the construction of a greater number of apartments; potentially fuelling interest in block of flats insurance . So why have so many people decided that an apartment in a town is a better place to live than a larger house in the country? Here are four factors that are likely to have spurred on the rush for the city...

Manage Your Student Loan Debt Better in 2015

Image via gettyimages It is usually seen that most of the students fail to manage their student loan debts efficiently after their graduation. The reason is quite simple. Most of the students spend their earnings on comfort and luxuries instead of repaying their student loan debt. It has become comparatively easy to acquire student loans. However, each one of us should keep in mind the fact that repaying loans are not easy as borrowing it. This is why there arises the need of a proper strateg y when it comes to managing your loans. It is desirable to formulate these strategies while you are still in college instead of waiting until you get a good job. If you are one of this kind, here are some easy tips for you to manage your student loan debt better:

Learn how real estate agents value properties for sale

How do you get into real estate sales? Every owner wants to sell his property for its maximum value. And all too often they end up choosing a real estate agent simply based on who gives them the highest initial valuation. However, this will be a costly mistake. How your home is valued. If you make a mistake in the estimate, it is possible that it will be sold for a price that is less than the real value of the property. On the other hand, even overpriced homes will discourage potential buyers from viewing your home. Also, high selling prices can even result in a long wait before a good deal comes in or does not sell at all. Therefore, titration is recommended as a suitable agent. Here are some things that real estate agents consider during property valuation . But, few factors real estate agents consider when valuing a property. 1. Local services:   During property valuation, one of the main factors that can drive the sale price up is the actual area where the home is located. Aspects