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Prices for motorcycle insurance coverage, which
is mandatory anywhere in the UK, can vary widely depending on a
number of factors, including the motorcycle rider's age and driving
record, the size and type of the bike insured, and where the rider
lives. There are also a number of coverage options, which can affect
the price. Types of insurance coverage include:
Third party. This is the minimum required type of coverage, and it
is also the cheapest. The 'third party' refers to any property the
rider could damage or any person the rider might injure. The rider
is not covered for personal injury or for damage to the motorcycle.
If the rider damages a car, the car owner could file a claim against
Third party fire and theft. This is the same as third party
coverage, but it also covers the rider against the motorcycle being
stolen or damaged by fire.
Comprehensive. This is the most expensive but best insurance
coverage, although it does not cover any passengers or property from
injury and damage. This coverage usually includes:
* Damage to the motorcycle
* Replacing any parts damaged in an accident
* Personal injury to the rider
Pillion passenger insurance.
The rider now has the option whether to have this
cover or not; in the past, all policies automatically included cover
for a pillion passenger. The rider can save up to 10% by not
selecting coverage for a passenger, but then the rider should not
ever carry a pillion passenger on the bike.
Insurance coverage typically has what is called an 'excess' meaning
that the rider has to pay for first 50 or 100 pounds of damage
before the insurance begins to pay. The insurance company will
provide a certificate of insurance, which the rider must carry on
the bike to present when applying for a license, if asked by a
policeman, or in the event of an accident.
Exact coverage varies between insurance companies, so the rider
should review the policy carefully and ask the broker any questions.
Engine-size groups also vary between insurers, and the rider should
comparison shop to obtain the best coverage and rates.