Getting cheap motorcycle insurance in South Africa used to be fairly difficult because motorcycles and scooters were seen as very risky. Now, a number of motorbike producing companies have developed their own cheaper cover, including BMW, Honda, Yamaha and Suzuki, but many of these are only available internationally. In South Africa cheap cover is normally obtained by going to a broker.
Comparative quotes on motorcycle insurance in South Africa can be provided by a number of companies such as The Insurance Hound (www.InsuranceHound.co.za), Dial Direct (www.dialdirect.co.za), OutSurance (www.outsurance.co.za) and Bikeline (www.bikeline.co.za). Whether you use them, or whether you search yourself, it is important to remember that the lowest quote does not necessarily mean the best deal, and all factors should be evaluated carefully.
Cover is either for you (first party) or for someone else involved in an accident with you (third party). Comprehensive cover is normally the most expensive and covers your motorcycle for all accidents and any type of loss or damage. This is considered first party insurance. Third party insurance, which is the cheapest form of insurance, covers incidents when you as the motorcycle driver cause an accident or drive into another vehicle. Third party, fire and theft insurance cover those incidents as well as providing cover for you if your motorcycle is stolen, or damaged by fire. Off road cover is provided by some companies.
The cost of your insurance is based on a number of things. These can include the cost of the motorcycle, the driver’s age and how long she or he has been driving, where the motorcycle is kept and ridden, how often you have claimed from your insurance before, and how the motorcycle is used (i.e for work or pleasure – work is more expensive). Insurance also varies depending on whether it is an on-road or off-road motorcycle. So there are a number of things that can affect your premium. If you are a new driver it is better to get a less powerful motorcycle, as this will influence your premium positively. Finding motorcycle insurance in South Africa need not be a daunting task, ask for help and cheap cover can be yours.
Fully Comprehensive Cover for Motorbikes
Fully comprehensive cover for motorbikes can be found at a number of leading insurance companies across South Africa. However, the best place to look for insurance is by comparing quotes of the Internet as well as speaking to an insurance broker should you have one. This way you can work out all of the pros and cons per policy investigated and can make an informed decision. However there are some things that you should know before you start looking.
Firstly, fully comprehensive cover for motorbikes is generally more expensive than that of motor vehicle insurance as the risks associated with riding a bike are higher than that of driving a car. This means that should you be looking to purchase a bike to try and save costs, then you need to be aware of all of the costs associated before you purchase. This higher rate of insurance is one of those costs. In addition to higher premiums, generally the “fully” comprehensive cover is not comprehensive at all. This is why it is so important to know all of the facts about the cover before you sign any documentation or agree to anything.
For those of you who are looking forward to feeling the wind blowing through your hair and who are looking for a different kind of thrill, then a motorbike may seem like the best solution. However this may not be the case if you do not have a lot of disposable income to spend on insurance. Although bikes may be more fuel efficient and may help you get to work earlier in the morning as you weave your way through the traffic instead of sitting in it, you may end up paying more than expected for your monthly instalments.