Motorcycle Insurance Cost For New Rider Uk
If you're a new rider looking to get your motorcycle on the road in the UK, it's important to understand the costs associated with owning and insuring a bike. In this article, we'll break down the typical motorcycle insurance costs for new riders in the UK, and discuss some factors that can affect those costs.
What Is Motorcycle Insurance?
Firstly, let's talk about what motorcycle insurance is. Motorcycle insurance is a type of insurance policy that provides financial protection in case of an accident or theft involving your motorcycle. In the UK, it is a legal requirement to have at least third-party insurance to ride a motorcycle on public roads.
There are three main types of motorcycle insurance:
- Third-party insurance: This is the minimum legal requirement in the UK. It covers damage to other people and their property, but does not cover damage to your own motorcycle.
- Third-party, fire and theft insurance: This covers damage to other people and their property, as well as damage caused by fire or theft of your motorcycle.
- Comprehensive insurance: This is the highest level of cover, and covers damage to other people and their property, as well as damage to your own motorcycle.
The type of insurance you choose will affect the cost of your insurance premium.
Factors That Affect Motorcycle Insurance Costs
There are several factors that can affect the cost of your motorcycle insurance, including:
- Age: Younger riders are statistically more likely to have accidents, so insurance premiums tend to be higher for riders under the age of 25.
- Experience: Similarly, riders with less experience are more likely to have accidents, so insurance premiums tend to be higher for new riders.
- Type of motorcycle: The type of motorcycle you own can also affect your insurance premium. Sport bikes and high-performance motorcycles tend to be more expensive to insure than cruisers or touring bikes.
- Location: Where you live can also affect your insurance premium. If you live in an area with high crime rates, for example, your insurance premium may be higher.
- Usage: How often you use your motorcycle can also affect your insurance premium. If you use your motorcycle for commuting, for example, your insurance premium may be higher than if you only use your motorcycle for leisure purposes.
Typical Motorcycle Insurance Costs For New Riders UK
So, how much does motorcycle insurance typically cost for new riders in the UK? The answer is, it depends. There is no one-size-fits-all answer to this question, as the cost of insurance will vary based on the factors listed above.
That being said, according to research by MCN, the average cost of motorcycle insurance in the UK is £334 per year for third-party insurance, £609 per year for third-party, fire and theft insurance, and £744 per year for comprehensive insurance.
For new riders, the cost of insurance is likely to be higher. MCN reports that the average cost of insurance for a 25-year-old rider with a 125cc motorcycle is £489 per year for third-party insurance, £742 per year for third-party, fire and theft insurance, and £1,024 per year for comprehensive insurance.
It's important to keep in mind that these are just average figures, and the cost of your insurance premium may be higher or lower depending on your personal circumstances.
Tips For Reducing Motorcycle Insurance Costs
If you're a new rider looking to reduce the cost of your motorcycle insurance, there are several things you can do:
- Take an advanced riding course: Completing an advanced riding course can help you become a safer and more confident rider, which can in turn reduce the cost of your insurance premium.
- Choose a less expensive motorcycle: As mentioned earlier, the type of motorcycle you own can affect your insurance premium. Choosing a less expensive motorcycle can help reduce your insurance costs.
- Pay annually: If you can afford to pay your insurance premium annually, rather than monthly, you may be able to save money on your insurance costs.
- Shop around: Don't just settle for the first insurance policy you find. Shop around and compare prices from different insurers to find the best deal.
Conclusion
As a new rider in the UK, it's important to understand the costs associated with owning and insuring a motorcycle. While the cost of insurance will vary based on several factors, including your age, experience, and the type of motorcycle you own, there are steps you can take to reduce your costs, such as taking an advanced riding course, choosing a less expensive motorcycle, paying annually, and shopping around for the best deal.