Because insurance premiums are high and road tax is always on the rise, the time is just right for you to consider pay as go motorbike insurance. Why pay more for your motorbike when you don’t really need to? Those clever clogs in the motor insurance industry have come up with a solution to enable you to only pay for bike insurance when you really need it.
Short term motorbike insurance policies can cover almost any bike, from a single day trip right up to a full month adventure. If you re looking to borrow a motorcycle, a ride to a wedding or simply just to enjoy a burn in the warmer weather, being able to purchase pay as you go insurance means that you can still enjoy your ride without paying through the nose for it.
There are also more practical reasons for only wanting short-term insurance for your motorbike. In some cases you may need to extend your existing insurance or cover your bike whilst you sell it, or until you can find a new bike to suit your requirements.
Whatever your reason, “Pay as you go” is the hot new option in motorcycle insurance.
As the name suggests, Short Term or “Pay As You Go” insurance policies do not last the usual 12-month term. They can in fact range in length from anything as little as one day to as much as a month. They can still provide the same levels of cover as standard 12-month policies, including Comprehensive, Third Party Fire and Theft and Third Party Only, just for less time.
In the car world, they have ‘black box’ motorcycle insurance which is another form of PAYG. Black box insurance works exactly as it sounds – there’s a box of electric gadgets fitted in the boot of your car and this senses when you’re on the move and how far you’re going. You’re then charged for the miles you’ve driven or time on the road.
However black box motorcycle insurance hasn’t taken off as there isn’t anywhere convenient to fit the box on our motorbikes. However as technology improves, the black box will reduce in size and one day we’ll have black box motorbike insurance, just like the car world.
Short term doesn’t mean a half cut policy. Just because your term is reduced, the level of cover your receive can still be as comprehensive as you need it to be.
Depending on your own requirements you can choose from Comprehensive, Third Party Fire and Theft and Third Party Only. You can get all of the cover, just for less of the time.
Although we may not like to admit it, a lot of bike riders in the UK tend to be fair-weather riders who only really venture out during the warmer months. If this is the case, and your bike is safely locked away during the winter, you can save money by only insuring it when you are actually looking to ride it. Annual insurance policies can prove expensive if you do not ride all year round.
Pay As You Go Insurance policies offer you the freedom you need, and a cost-effective option for bikers who don’t need to ride all year round. Here are some super quick reasons why you should consider Pay As You Go insurance for you part-time riding.
Most of the insurance comparison websites will offer you motorcycle insurance quotes but The Bike Insurer is the only motorcycle-specific insurance comparison website out there and will search over 30 insurance providers to get you the best deal.
If you’re thinking of buying a new motorcycle but you don’t know what it’ll cost to insure. Check out our super-simple motorcycle insurance estimator tool. Get an accurate quote in under a minute.
Always ride safely and fully covered. If you are not riding, don’t pay for cover you don’t need. Speak to your insurance company today to see if they offer a Pay As You Go policy for your part-time riding pleasure.