It is common knowledge that in order to ride a motorbike on UK roads, insurance is essential. But for bikers with more than one vehicle, insuring multiple bikes can become an expensive process.This is where multi-bike insurance can be useful. By opting for this type of insurance, you can ensure that all your bikes are covered, without significantly hiking up your costs.
What’s covered in a multi-bike insurance policy?
Multi-bike insurance typically allows you to cover more than 4 bikes at a time. Most of our panel of insurers offer multi-bike insurance and can easily calculate a premium. You can even start off with one bike and add more during the policy term dependant on the insurer.
A multi-bike policy will take into account the usage of your bikes. For example, if you commute on a particular bike every day and have a different motorbike for weekends, insurers will consider this when calculating the cost.
Usually, the premium is based on the most expensive vehicle and the others are added on at a much cheaper rate.
What are the benefits of multi-bike insurance?
The most notable benefit of multi-bike insurance is of course the cost. Buying insurance in bulk can lead to considerable savings.
Multibike insurance can be far more straightforward than purchasing a different policy for each bike. You won’t have to juggle several renewal dates or fill in multiple sets of paperwork, as everything will be covered in one policy.
When an insurer is assessing how much to charge a rider, they’ll take ‘road risk’ into account. When you introduce a second bike, this risk level will be much lower, considering you can’t ride two bikes at once.
What are the downsides of multi-bike insurance?
If you’d like to insure more than one rider on a multi-bike insurance policy, this might not be possible. Adding an additional rider would alter the ‘road risk’ due to an increase in the amount of time spent on the roads.