Motorcycle Insurance

Motorbike riders could spend less on their bills and less time travelling than their four-wheeled counterparts, the findings of a new study suggest.

Martin Bamford, a financial planner commissioned to conduct the research, concluded that motorists using cars could cut their travel costs by around 47 per cent by switching to a motorbike, reports the Press and Journal. He also found that in the average lifetime, four-and-a-half years could be saved using a bike to negotiate traffic jams that trap car drivers. In monetary terms the savings could amount to around £6,500 less spent on travel each year.

This breaks down to around £2,000 reductions in cost in finances, parking costs and the downgrading process, as well as almost £100 less to pay in tax. The study was based on an average commute of 39 miles over a five-day week. Anyone considering making the change from a car to two wheels should ensure that they purchase suitable motorcycle insurance before taking to the road.

Bikers in the UK are set to benefit from a fuel price war between leading supermarkets Asda and Morrisons who both reduced prices this week.

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