Why Pay As You Go Motorcycle Insurance?

Why buy an annual motorcycle insurance policy when you only need cover for a short term? This product is aimed at those drivers that only need short term motorcycle insurance, usually weekly or monthly. The advantages of pay as you go motorcycle insurance is that it should work out cheaper than taking out a traditional annual policy. This will only be true if you are an occasional driver, as such spend some time upfront and compare the anticipated cover requirements over a 12-month period and compare that with taking out temporary motorbike insurance as and when needed, 

Some situations that pay as you go motorcycle insurance may be a winner 

• Classic Bike Owners, that is 
• Fair Weather Bikers that only bike during the summer months
• Temporary Cover when borrowing a friend’s motorbike

The building’s element may include damage by fire, vandalism, storm damage, Subsidence cover, escape of water, alternative accommodation, replacement of locks and more, these are detailed further in the policy documents. The content’s policy may include cover for a range of possessions that may include items left in the garage or out in the open, food if the freezer and other high value items. 

How much does PAYG motorcycle insurance cost?

The cost of pay as you go motorcycle insurance will depend on the bike to be covered and the risk profile of the driver. Some steps can be taken to reduce your risk profile, which should lead to cheaper PAYG bike insurance. Whilst many factors contribute t the final premium quotes, we have listed 4 that play a significant role in the final figure quoted to you.  

• Bike Cost : The more expensive the bike, the more the insured may have to pay out in the event of right off. This will be reflected in the insurance quote.
• Bike Driver or Drivers :  Young drivers are just higher risk and if you are under 25 expect to pay a higher premium than drivers over 25
• Level of Cover :  The more cover or robust the policy the higher the premium and if you add in extras then this will also increase the price.

Steps can be taken to lower the insurance cost, one often cited option is to increase the voluntary excess amount. Which translates into you taking responsibility for a higher monetary amount in the event of a claim., but that should lower your PAYG motorbike policy costs. 

How Does PAYG Motorbike Cover Work?

The pay as you go model has gained huge popularity in recent years, originally only available via a few niche providers, now the big names like ZEGO and Cuvva also offer pay as you go hire and reward insurance for delivery drivers. This model ensures that you only pay for insurance when you use your motorbike. 

Is weekly or monthly temporary motorbike insurance available?

Weekly or monthly motorcycle insurance is an alternative to an annual policy, you choose the period of cover, normally from 1 week to 4 weeks