Tag Archives: Insurance


UK insurer offers free anti-motorcycle-theft solution

UK motorcycle insurance broker, Carole Nash will offer free security marking kits to all customers opening new policies or renewing old ones, following a successful trial of the DNA+ programme in 2011.

From March 2012, all motorcyclists who take out or renew policies will receive a free Carole Nash DNA+ kit containing a liquid-based forensic coding solution together with high impact hologram decals designed to act as a theft deterrent. The DNA+ solution combines DNA and microdot technology that is registered exclusively to the policyholder. The clear liquid is painted onto the bike’s different parts, providing a unique ID which makes it easier for the police to recover stolen bikes and trace the thieves.

Nick Baker, director of products and marketing at Carole Nash, said: “As a motorcycle insurance specialist, we fully understand the emotional and financial cost of theft to bikers. By introducing Carole Nash DNA+ as a standard benefit, we hope to not only add value to all policies but to reduce bike theft. The pilot scheme went extremely well and subsequent research has shown that customers are more than willing to take a few easy steps to protect their pride and joy from potential thieves.”

At present the only identifying marks on the majority of motorcycles are the frame and engine number, allowing thieves to dismantle machines and sell valuable parts. With Carole Nash DNA+, police can use an ultra-violet light to read the coding and trace individual parts back to the owner via an international database. The cost of a year’s subscription to the database is included as long as the motorcycle is insured through Carole Nash.

Over 15,000 Carole Nash bike insurance policyholders have already been given a DNA+ kit as a result of the three-month pilot scheme in 2011. “I found DNA+ very easy to use when I applied it to my scooter, and the instructions were simple to follow. Knowing that the identification marks are there does give me added peace of mind that, if the unthinkable were to happen, the bike would be easily identified by the police and returned to me,” said Gareth Jones from Wales.

The launch of this initiative follows increased worry within the motorcycle community about the cost and other effects of motorcycle theft. In 2011 MCN launched a Mark Our Bikes campaign to encourage insurers to provide free security marking systems. “Security systems like DNA+ create for the first time a way of linking dozens of individual parts to the owner,” explains MCN senior reporter Steve Farrell. “This helps the police identify them as stolen parts and catch the thieves trading in them. The Carole Nash DNA+ scheme is an excellent step in the right direction towards the reduction of motorcycle theft.”

How to find the cheapest motorcycle insurance quote

First the bad news, because of the inherently dangerous nature of biking and the relatively higher number of accidents riders are involved in, it is always going to be difficult to find cheap motorcycle insurance quotes. But the danger is all part of the fun, right? So higher insurance costs are just the price we pay for that risk.

Now the good news. While it’s always going to be an expensive game, there are some things you can do to make sure you always find the cheapest motorcycle insurance quote available. First of all you need to understand that there are two factors about your bike that will affect your insurance costs, it’s power and its value.

Large capacity, high performance motorcycles are involved in far more accidents than smaller, slower bikes, and this means that insurance companies charge a higher premium to cover them. Likewise, high-value motorcycles are often targeted by thieves because they are relatively easy to steal and resell so, again, the insurers will charge more for these bikes.

So, the lesson to take from this is that if you really want to keep your insurance quote down, consider choosing a smaller capacity, lower performance bike. Most riders are unlikely to use all of the power offered by today’s largest sports bikes, so why not consider a 600cc instead of a 1000cc? Another thing that has a big impact on costs is the rider’s experience – if you’ve been riding for a long time and have had no accidents, you will usually get much cheaper insurance quotes than riders who are relatively new and/or have had several accidents. Stick to smaller, cheaper bikes for a while, and eventually you’ll be able to get cheap quotes on larger, faster bikes.

What can you  do to get cheaper motorcycle insurance quotes?

Regardless of what type of bike you’ve got, there are a number of things you can do to lower the cost of insurance. The first is simple security – make sure you bike is kept garaged at night, if possible, or at least stored off-road, as both of these things will significantly reduce the chances of it getting stolen. Also, speak to your motorcycle insurance company about whether they offer discounts if you use any approved security products, as they will often provide a list of locks, chains and other items from approved manufacturers which will help you to get a cheaper quote.

Other ways to lower the cost of your motorcycle insurance are to opt for a limited mileage policy (which might be ideal if you don’t use your bike as everyday transport) or to exclude passengers, which will suit many riders who never carry a pillion. Finally, the most important thing you need to do to find cheap motorcycle insurance quotes is shop around – compare the quotes from different providers, and don’t be afraid to tell them if you’ve got a cheaper quote somewhere else, because quite often they’ll be happy to undercut their competitors to win your business.