Who provides over 50s motorcycle insurance?
Thanks to the success of some big (general) insurance companies who specialise in providing insurance only for those over 50, the half century does seem to have become something of a rubicon, with many bikers looking for cheaper insurance when they pass the 50 year milestone. There are certainly high volumes of bikers searching online for over 50s motorcycle insurance.
A 2016 study by the Department for Transport showed that male motorcyclists aged 50 and over made up 23% of the total number of miles travelled by all motorcyclists (the largest demographic at the time being the 40-49 year old segment with 28% of total miles travelled).
It is therefore interesting to note that there are currently zero motorcycle insurance companies in the UK specialising exclusively in insurance for over 50s motorcyclists.
As more and more motorcyclists tip over into the older age bracket and the average age of UK bikers creeps ever higher, will we see the rise of a specialist over 50 motorbike insurance broker in the UK?
What's any different about over 50s motorcycle insurance?
Even if there was a specialist fifty plus provider of motorcycle insurance policies in the UK, it doesn’t necessarily mean the quotes provided would be cheaper, or better value.
Fundamentally, insurance for over 50's motorcyclists is not any different to any other age groups. Policies sold to over 50s bikers are standard motorbike insurance policies.
There is, however, a commerical or market opportunity for insurance companies to carve out a niche for themselves. This segmentation enables insurance companies to build unique brands known for providing or specialising in the provision of insurance for individuals in their target demographic.
Because insurance is a relatively standardised product, motorcycle insurance businesses try to differentiate themselves in order to capture market share in a very competitive industry. Motorcycle Insurance For Older Riders would be one such niche.
If we were to see the launch of an over 50 motorbike insurance broker specialising solely in motorcycle insurance for older riders, it will most likely be owned and administered by one of the much larger generalist motorbike insurance providers, rather than a stand alone or independent business entity.
The insurance offered by such a company would in all likelihood be the same as the products sold to motorcyclists under the age of 50. The difference would be the marketing strategy including age specific messaging, creatives and advertising designed to appeal to those over a cetain age - plus additional extras or freebies designed for the over 50s market.
How could I get cheaper over 50's motorcycle insurance?
Motorcycle insurance policy costs on average tend to fall the older you get, all else remaining equal. If you’re a fifty plus biker, this is true no matter which broker you use, or which underwriters provide the quotes.
It doesn’t matter if the broker sells themselves as an older rider specialist or not, they will still be drawing on the same pool of underwriters that provide motorcycle insurance for riders of any other age or demographic.
Because of this – and this is true for any sub group of motorcyclists – it's always a good idea to use a comparison service like the one available via Biker Insure.
Because you can quickly compare multiple brokers by entering your information just once, you increase your chances of finding the cheapest over 50s motorcycle insurance based on your individual circumstances, age, and the bike you ride.
Biker Insure is free to use, unbiased, independent and completely impartial.
See if you could find cheaper over 50s motorcycle insurance by comparing quotes today:
Frequently asked questions:
Does age affect motorcycle insurance?
The cost of insuring a motorcycle (as with any motor vehicle), generally drops the older you get. Riders under 25 are typically saddled with the most expensive motorbike insurance premiums.
Older riders are often more experienced, careful riders who are less likely to be involved in an accident. In addition, older riders will have had more time to build up a larger motorcycle No Claims Discount - which can help to bring down annual policy costs.
Although policy prices tend to drop with age, they can start to creep back up once again when riders hit 75 or 80 plus. This is because motorbike insurers can see these groups as more of a risk.
Is over 60 motorcycle insurance available?
If you're a rider over 60, the insurance situation is the same: there aren't any specialist over 60's motorcycle insurance providers. Nevertheless due to your age and all other factors remaining equal, you should generally have an improved chance of finding cheaper motorcycle insurance compared to younger riders.
Most of the 25+ brokers on the panel should be able to provide a quote for over 60's motorcyclists, so get a quote today and see how much you could save on your over 60s motorcycle insurance.
Can an 80 year old get motorcycle insurance?
You can still compare motorcycle insurance if you are over 80 via Biker Insure. Motorcycle insurance for over 80s is no different in the policy types available, but you may want to consider changing the extras that you add on to your motorcycle insurance.
Some providers may also decline to cover riders over a certain age, impose restrictions, or provide less competitive quotes.
Is 70 too old to ride a motorcycle, and are you ever too old?
At Biker Insure, we don't think so. In fact, we hope to be riding as long as our eyesight remains sufficiently sharp, and we can still swing a leg over the saddle.
Whether it's an electric, hybrid, hydrogen, ICE, water, or nuclear fission powered motorbike in the future, we hope to be riding well into old age!
Is there a maximum age for motorbike insurance?
There is no official legal maximum age for insuring a motorbike, but some providers may impose their own limits or restrictions on who they will cover.
As long as you are medically fit to ride, you should be able to find insurance with no upper age limit - although it may become more difficult to find a low cost quote.
Are older bikes more expensive to insure?
Generally speaking older bikes, just like older riders, are cheaper to insure than newer motorbikes.
As always, there are exceptions. For example if your motorcycle gets old enough to begin appreciating in value once more (i.e. if it becomes a desirable classic), then it could become relatively more expensive to insure again.
Under fifty? Lucky you! Don't worry - you can still compare motorbike insurance via Biker Insure.