When you complete the Quote Calculator, you'll be presented with your premium as both an interest-free monthly cost and the annual cost.

If you're happy with the price (we're very competitive, so we're sure you will be) you'll be able to select which cover payment plan you'd prefer MONTHLY or YEARLY when at the REVIEW stage of your purchase.

Payment is made using the Direct Debit system, which is an authorisation for the monthly or one-off annual payment to be taken.

The Direct Debit scheme offered here is provided by our underwriting partner Hiscox, and it'll be their name that is shown on your bank statement. They'll also send out a payment schedule in the post, so please look out for it.

Monthly payments

If we are unable to take the first payment on your next chosen occurring date, the outstanding month's premium will be collected with the usual monthly payment at the next opportunity, so don't spend it all on shiny new bike bits...or cake!

Annual payments

If you choose to pay for your policy annually, we will only take a single payment and will not debit you for the following year unless you choose to renew.

You will be given notice of your renewal 30 days before this takes place.

If you need to make any changes to your Direct Debit, you can contact Hiscox by phone or email.

If you have any questions related to whether you need to contact Hiscox or Bikmo, please contact the Bikmo Customer Experience team on 01244 470 337 and we'll be happy to point you in the right direction.