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Motorbike riders who own more than one machine should look for insurers who offer multi-bike policies to help save money on their annual insurance premiums. There are a number of insurers offering this type of policy; however the terms, conditions and restrictions vary quite considerably between them.

The cheapest way to insure multiple bikes is to look for specialist insurance companies or brokers who will be able to provide you with quotes from a number of different leading insurance companies. Some insurers will allow for a specified number of riders, however the policy has to be in one person’s name only and this person also has to be the registered owner of the machines. Having additional riders added will undoubtedly raise the cost of the insurance. If you are prepared to let someone borrow one of your bikes it is possible to get short term cover for this person.

Again you will have to pay a charge and the amount will depend on the age and riding history of the additional person. Short term policies are only offer by a few insurance companies; therefore you will have to look around for these companies to find the best deals.

Having named drivers on an insurance policy will always increase the premiums in the same way it does for any other type of vehicle, however if you are prepared to let someone ride one of your precious machines, you will have to look very closely at the terms, conditions and restrictions which will be applied.

This type of insurance cover should not be seen as a cheap way to get insurance for someone who has points on their license or been charged with riding offences. You should also give careful consideration as to the riding ability of your mates because if they have an accident whilst riding one of your machines it will undoubtedly affect any no claims discounts you have accumulated.

It is also possible to find insurance which will allow you to ride any other legally registered machine if you have the owner’s permission, however these types of policies are usually pretty expensive and therefore not the most cost effective way of insuring a motorbike. Particularly as the cost will be calculated on the type, make and model of the bike, its current market value and the experience of the other rider.

Another alternative way of insuring a number of bikes owned by the same person may be to look at fleet insurance cover. This type of insurance is not solely available to couriers or businesses, bike collectors can also be offered low cost fleet insurance for their machines, but again the more people who are able to ride them the higher the premiums will be, to have a bike insured for any rider is the most expensive option.

It is recommended that you look for insurance from companies who have dedicated teams of consultants who will be able to talk you through all the various options available to you. For an estimated guide to the cost you could ask for quotes online rather than phoning each company individually and having to explain your needs over and over again! Once you have located motorbike insurance companies who offer multiple bike policies you will be able to make price comparisons before deciding whether which company to go with.

If you’re looking for a quote on motorbike insurance visit Swinton.

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