How is multi bike insurance calculated?

Multi bike insurance is a cost effective and time saving way to cover more than one bike under a single package, offering a much simpler, more convenient and cost-effective way to keep your prized collection protected. It’s calculated in a much fairer way too. We know you can only ride one bike at a time, so why pay more for multiple full-price insurance policies?

Here at BeMoto, we're not only insurance specialists, but we’re also bikers ourselves with our own bike collections. Therefore, we know how to get the best-value cover for our customers and have created multi-bike policies to really suit the needs of fellow enthusiasts.

But, how is a multi-bike quote calculated and is it really the most cost-effective way to insure your collection of bikes? Our latest blog reveals all...


Calculating a multi bike insurance quote is actually quite simple

Our insurance specialists start by working out which bike in your collection is the 'highest rated' (in other words the most expensive to insure), using the same No Claims Discount (NCD) for each bike. You then pay the price to insure the highest rated bike, which includes your NCD.

As the same NCD cannot be used on additional bikes, they are added to the policy at a fixed cost based on their age, type and value.

Additional bikes are calculated at a discounted rate with the understanding that only one bike can be ridden at any one time - whilst you can't ride them all at the same time there is still a fire and theft risk when all stored together in the same location for example.

Multiple bikes being ridden by multiple riders at the same time risk more than one claim being made, which means separate full-price policies are required, in other words you can only have:

  • Multiple bikes with only one insured rider (‘multi-bike’ policy); or
  • A single bike policy with multiple insured / named riders.

An example multi-bike calculation:

A rider would like a quote for two bikes.

Using the same NCD, we work out premiums for each bike to see which one is the highest rated to become the main bike that will use the NCD (bike 1):

Infographic showing how Multibike Insurance is Calculated

As the same NCD cannot be used on Bike 2, we calculate it based on its value – in this case £60, for example, to add it to Bike 1. Therefore, the total multi bike cost in this instance is £260.

As two separate policies, this would have been a different story.

Bike 1 with NCD would remain at £200. However, the second bike would be quoted separately with zero NCD and would cost £300 on its own. The total price would therefore be £500.

BeMoto saves our customer a whopping £240 with a multibike deal.


Leading multi bike insurance

As bikers with our own multi-bike collections, we understand that you can only ride one bike at a time, but still want the freedom and flexibility to choose which one you take out.

Therefore, we have created the most competitive multi bike insurance deals on the market with key features, including:

  • 90 days of EU cover per trip
  • Legal Expenses Insurance covering up to £100,000
  • Cover for a mix of modern and classic bikes on one policy
  • Cover for a mix of bikes, including mopeds, dirt bikes, quads and trikes
  • One of the lowest interest rates (also known as ‘APR’) in the industry for monthly payments
  • And... NO charges for making mid-term policy amendments!

We also understand that in some cases multi bike insurance policies might not be suited to your needs, for example where you want a named rider as well. In these circumstances, we offer introductory NCD and other methods of discounting multiple policies for loyal customers.

Whether your bikes are for road use, laid-up or unregistered bikes, standard spec or heavily modified, BeMoto can tailor a multi bike deal to suit your exact needs.

Find out more about the benefits of multi bike insurance.

Multi-bike collection in a garage

Multi Bike Insurance FAQs

  1. Why choose BeMoto for your Multi-Bike Insurance policy?

    BeMoto is a multi-bike insurance specialist with flexible packages designed around you and your collection. There is no limit to the number or types of bikes we can cover, we will create a package around your needs. Our policies all include Legal Expenses Insurance as standard, plus there are NO fees to make policy changes and our Titanium Cover provides breakdown for all your bikes on a single policy saving you time, hassle and money.

  2. How is a Multi Bike Insurance quote calculated?

    Our multi-bike insurance experts start by calculating which of your motorbikes is the highest rated by our panel of insurers, using the same No Claims Discount (NCD) for each bike. You then pay the premium to insure the highest rated motorbike, which includes your NCD and we add on the other bikes at a nominal cost based on their value.

    As your NCD can't be used on multiple bikes at the same time, the additional bikes are added to your policy at a discounted fixed price on the understanding that only one bike can be ridden at a time, but they could all be stolen together when not in use or a garage fire could destroy them all at the same time - so you are only paying for one lot of road risk whilst still covered for the full value of your collection.

  3. How much does Multi Bike Insurance cost?

    BeMoto multi-bike insurance can cost as little as £11.20 per additional bike, but it typically costs around £45-60 per additional bike, once the main bike premium is calculated. This can increase for higher value bikes, but it can also be much cheaper for classic bikes that are generally much lower risk.

    See our article on how multibike insurance is calculated.

  4. How does Multi-Bike Insurance work?

    You can only use one No Claims Discount (NCD) on one bike policy at a time, so insuring each bike separately can end up being much more expensive when you have to use zero NCD for additional policies.

    At BeMoto we can tailor a multi-bike insurance package to suit your needs using your one lot of NCD, no matter how many bikes you have, what type of bikes are in your garage (we can mix modern and classics) or what the total value of your collection is. We simply work out the main bike premium and add the additional bikes for a fixed cost based on each additional bike value.

    Why not read our article to find out more about how multibike insurance is calculated.