Students find answers in motorcycle insurance

One of the smartest investments that a parent can make is in their child's education. Further education has been steadily increasing in enrolment figures every decade since the Second World War, from just 6% in the 1960’s to almost 30% recently in some areas.

However with fiscal austerity measures recently introduced resulting in a trebling of fees payable, the investment that a parent makes in supporting their child to successfully graduate from university will have to also increase if they wish their son or daughter to be able to approach life with a degree.

There is however light at the end of the tunnel. An insured motorbike can be a source of cost reduction, cost control, income, and of course a way for the young person to demonstrate their maturity in responsible asset ownership. Parents with an interest in personal finance should read on.

Whilst many undergraduate students look forward to owning their first car, with budgets being squeezed all over the household this now appears out of reach to an increasing number of young people. Buying a new or second-hand motorbike brings many economic advantages. Obviously cheaper from the outset, the moped, scooter or bike will be much cheaper to run, as well as much cheaper to insure.

Motorbike insurance policies have a lower total cost of ownership, and thus penalise the young rider less for being a first-time road user. The ability to purchase the premium upfront or split the cost over twelve months allows both the parent to control costs and the student to demonstrate the ability to manage a budget and disposable income.

Lower maintenance costs can also be achieved through motorcycle insurance since inclusive breakdown and recovery packages can be bought upfront, thus minimising any unforeseen expenses.

Further unexpected costs such as from theft can be minimised with flexible motorbike insurance features such as new motorcycle replacement, if the bike is stolen or written off within 6 months of new purchase.

A motorbike can be a source of income and of freedom for the new student, whether they live at home or take up residence. Delivery jobs and courier work allow them to supplement any grants or loans, but the cost of having to replace a stolen or damaged bike could be prohibitive and mean the waste of a valuable asset.

With comprehensive, third party, or third party fire and theft insurance policies, the cost of getting back on the road can be covered within budget by the upfront purchase of a reasonably-priced policy. Thankfully, with http://www.motorcycleinsurance.org.uk you can compare over 30 motorbike insurers online, today!

http://www.Motorcycleinsurance.org.uk provides motorbike insurance quotes

Motorcycleinsurance.org.uk
186 Leigh Road
Southampton
Hants SO50 9NR
Email: info@motorcycleinsurance.org.uk
Press contact: Mr Brown

This release was published on openPR.