Insurance Multibike Insurance Cost

The sun is out so I've sorted out my Street Triple 675 insurance today. I'm already insured for the MV via Bemoto so I went back to them to see what it would cost for a multi-bike policy.

My current insurer doesn't do multi-bike policies but they will 'mirror' the no-claims discount, which is always the irritation of taking out completely separate policies. The quote for the Triumph was £129, which seems reasonable and about what I expected. I already paid £310 for the MV last summer so that's a combined total (for the hard of arithmatic) of £439.

While I was at it, I asked them to check what a multi-bike policy would cost. The cheapest they came up with was £700 for the MV and and additional £42 for the Triumph. Clearly that is the more expensive option, by a cool £303!

So, multi-bike policies, convenient but not always the best value depending on what bikes you're insuring and how many you have.

 

The more bikes the cheaper it’ll get, I think. The MV kills it for me leaving the difference certainly not in my favour. Bemoto will check both multi-bike and ‘mirror’ policy if you ask them for a quote.

 

Risk profiling. Loss ratios. Profit targets. All sorts.