April 21, 2010 19:00 ET

Riding Out the Recession: Fully Comprehensive Motorbike Insurance the Most Popular Says Swinton

MANCHESTER, UNITED KINGDOM--(Marketwire - April 21, 2010) - Over two thirds of bikers now take out fully comprehensive policies when choosing motorbike insurance according to figures released by Swinton today.

An online survey of 1,200 customers by Swinton Bikes, one of the UK's leading motorbike insurance brokers, found that 63.6% of bikers chose a fully comprehensive policy when insuring their bikes. The remainder of customers had Third Party Fire and Theft insurance.

This is a stark contrast to the number of Fully Comprehensive policies that were being taken out 12 months ago. Despite the ongoing recession and the rise in cheaper insurance policies being taken out, such as 'Third Party, Fire and Theft', the results show that bikers are going against the trend.

Anthony Aronin, Head of Swinton Bikes, one of the UK's leading motorcycle insurance brokers said: "Choosing the right motorbike insurance can be quite confusing. There are a lot of things that need to be considered, including the cost of the policy. Bikers need to consider the usage of their motorcycle and also how much they risk by not taking out a comprehensive policy.

"The minimum level of cover required by law is third party, which covers any damage to another road user's vehicle or injury to them. However, this type of cover doesn't insure the rider for damage, loss or theft to their bike and property.

"As motorcyclists are still particularly vulnerable to accidents, we advise all riders to consider a fully comprehensive policy to ensure that they are covered for any eventuality."

About Swinton

  • With 580 branches nationwide Swinton is the UK's largest high street insurance retailer
  • Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community
  • Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance
  • With a dedicated team of advisors on hand at every branch to search a panel of insurers to offer quality cover at competitive rates

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