Here's Why You Should Switch To A Pay-Per-Mile Insurance Policy
Pay-per-mile motorcycle insurance is a flexible type of cover that allows you to pay only for the miles you have covered. If you are a motorcycle rider who rarely uses their bike or only does so for short distances, this cover is perfect for you. Many insurance companies offering pay-per-mile motorcycle insurance policies include additional add-ons such as collision cover and accidents that involve uninsured motorists. If you still have doubts about switching your cover type, the following part will convince you otherwise.
They are More Cost-effective Than Alternative Policies
If you rarely use your motorbike, chances are very high you are paying for a cover you do not need most of the time. Switching to pay-per-mile motorcycle insurance allows you to only pay for the policy whenever you are on the road. The premiums have two parts, the base rate and the amount you pay per mile on your motorcycle. When combined, they offer a cheaper alternative than paying annual premiums for standard policies. Furthermore, this cover can help you plan your trips and the amount of money you are willing to spend per year. Solutions such as mileage monitoring can guarantee a cost-effective ride whenever you bring out your bike.
They Offer Flexible Policies
A traditional motorcycle insurance policy is highly restrictive. Even if the motorcycle is sitting in your garage, you are expected to pay premiums to keep its protection at the same level. You can choose to cancel the policy or request a lay-up if you do not want to pay for coverage when not riding the motorcycle. Most insurance companies that offer their clients' lay-ups may limit the number of times they can reduce and reinstate their cover. On the other hand, a pay-per-mile motorcycle insurance cover provides superior flexibility to part-time riders. You can pay for the policy only when the need arises. You will be charged based on how many miles you ride each month, rather than a monthly fixed rate.
Access to Personalized Covers
The adaptability of this cover does not reduce the protection it offers your motorcycle. You can still enjoy complete protection. Like traditional motorcycle insurance policies, this cover can provide protection all year long with the same comprehensive, liability, and collision options. You can personalize your pay-per-mile motorcycle insurance coverage to fit your budget and the number of miles you drive per month. You only need to calculate the amount of time and distance you will cover on your motorcycle in a typical month and come up with a cover suitable for your riding mileage.