TIME FOR RENEWAL?
Renewing your policy should be quick and easy, so you can get back to your life. Here at MCE, we understand that your time is valuable, so we've made renewals simple.
You can renew online 24/7 by visiting our Customer Portal.
Wondering Why Insurance Prices are Rising?
MCE are the insurance broker, so we don’t set the prices, that’s done by our insurance company partner, A-rated Sabre Insurance PLC.
We're constantly looking at the price we charge our customers, as prices fluctuate depending on the market.
We guarantee that your renewal price will be no higher than someone taking out a new policy, that’s our renewal price promise.
THERE ARE FEW THINGS WHICH ALSO MAKE A SIGNIFICANCE DIFFERENCE TO THE PRICE OF INSURANCE
You and your Riding Habits
Age and experience are two important factors that impact the price of motorcycle insurance.
Typically, younger riders are seen as a higher risk than older riders, and newer riders are also seen as a higher risk than more experienced riders. How long you've held your license can also impact your price.
If you ride your motorcycle when commuting to work, this could increase your price as you’ll be riding during the busiest times of the day and will be more likely to be involved in an incident. Spending more time on the road and doing more miles a year can also impact the price of your insurance, as you're more likely to be in an accident simply because you ride more.
The Type of Motorcycle you ride
The insurance group your motorcycle is in can be influenced by a range of factors, including the type of motorcycle, the cost of damage repairs, its performance and safety features.
Insurers may also consider the age, model and value of your motorcycle when determining the group price rating.
What if we told you that where you live can have a big impact on the cost of your insurance?
That's right - when insurers calculate your insurance price, they consider factors such as the number of claims in your area and the types of claims that are being made. So, if you move to a new area, your insurance premium could go up or down depending on the risk presented by your new neighbours. For example, if there are more claims for damaged or stolen motorcycles in your new area, you may see your insurance premium increase.
So next time you're thinking about moving house, remember that your insurance premium could be affected. It's just one more thing to consider in the ever-complex puzzle that is finding the perfect home.
Who Rides your Motorcycle
When you add a named rider to your policy, insurers look at their riding history, claims and convictions.
Depending on their circumstances, this can change the cost of your insurance. For example, if they have a clean riding record, that could mean a discount for you. If they have points on their licence or have been convicted of a motoring offence, that could mean your premiums will be higher.
Your accident and claims history
All insurers will ask for your claim’s history – this includes any previous incidents, accidents or claims. This is because drivers with a history of motoring offences are considered a bigger risk on the road than drivers who have none.
The severity of an offence will also dictate how much your price is impacted. For example, speeding is generally considered to be a less serious offence than drink driving. However, if you have been caught speeding on multiple occasions, this could impact your premiums more than a one-off drink driving offence.
Ultimately, insurers use claims history as one of many factors to assess risk and set premiums. So, if you want to keep your costs down, it’s best to drive safely and avoid any accidents or claims.
The cost of claims
There are many factors that affect the price of motorcycle insurance, including claims made across the country. Companies pay out millions of pounds every year in settlements, and these costs are passed on to customers in the form of higher premiums.
If the cost of repairs goes up, this will be reflected in insurance prices.
In addition, regulatory and government changes can also have an impact on motorcycle insurance rates.
ANSWERS TO YOUR QUESTIONS!
I've had a claim. How will it affect my renewal price?
At MCE, we always aim to give our customers the most accurate renewal price possible. To do this, we consider a variety of factors, including your No Claims Bonus entitlement.
If you make a claim during your policy period, we will have to reassess your No Claims Bonus entitlement and revise your price accordingly.
Will my premium change at renewal?
We understand that accurate pricing is important to our customers. That's why we strive to provide the most accurate prices possible.
If you have four years or less No Claims Bonus and have not made a claim during your time with us, you'll get a further year's No Claims Bonus. This will reduce your premium, but rate increases during the year may mean your premium is still higher than last year.
What if my motorcycle or circumstances change?
At MCE, we believe that customer service is of the utmost importance. That's why we always strive to provide the best possible service to our customers. One way we do this is by making sure that our policies are up to date and accurate.
We understand that circumstances can change, and we want to make sure that our policies reflect that. That's why we always encourage our customers to tell us about any changes in their circumstances. By doing so, they can rest assured that their policy is still valid.
So, if you have any changes in your circumstances, please head to your Customer Portal to make the change.