Insurance advice

Frightened by your high insurance excess?

Many bikers find the only way to get a sensible and affordable insurance quote is to put the voluntary excess up.

But this could mean you are almost too frightened to ride the bike the way it should be ridden (you know what we mean). It’s no fun being in fear of something happening that means you might have to pay that excess.

The good news is you can do something about it.

Get policy excess insurance

The theory behind policy excess insurance cover is that you take out a separate policy to cover your excess amount, so that if you do have to pay a high excess – in the event of an accident or theft – then you can claim it back through your policy.

If you already have a high insurance excess, you can take out a policy so that you can have peace-of-mind against having to pay out. The policy will not be linked to your existing cover, however, you can’t make a claim on the new excess protection policy for an excess that you are already having to pay out – i.e. you need to take out policy excess protection before you make a claim on your insurance policy.

The policy will not be linked to your existing cover. However, you can’t make a claim on the new excess protection policy for an excess that you are already having to pay out – i.e. you need to take out policy excess protection before you make a claim on your existing insurance policy.

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You don’t need to cover all of it

Obviously, the more you can cover your policy, the greater the peace of mind for you. But if you simply can’t afford to cover the whole amount, then take out a policy that gives you at least some protection against having to pay out the whole amount.

And once you have a policy, don’t forget it next time you have to reinsure. We don’t really advocate putting your excess up higher still, but if something has happened – maybe your premiums rose after an accident – and going high is the only way to stay on two wheels, then it may be worth extending your policy excess insurance cover to match an excess that gets your premium down to more affordable levels. We’ve written about that here.

Get yourself sorted:

If you already have a high excess or you need to get your next insurance quote down, click below.

Goodbye XS

Various levels of cover from £250 (£33), £500 (£38) to £3000 (£121)

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The Author

Paul Vennard

Paul Vennard

Paul is actually a chartered accountant so he knows a thing or two about saving money - and that's one of his roles at Biker and Bike: how to save bikers money.

Like everyone else here he's a full-on biker. He's a year-round rider and never happier than when he's on a track, screaming the nuts of his 675 Daytona.

Paul also loves a trip. Just don't share a tent with him. He snores like a bastard.