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Compare motorcycle insurance

There are 4 types of motorcycle insurance to consider – from CTP cover, which is a legal requirement in Australia, up to comprehensive insurance that covers you and your bike against the widest range of risks.

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1 - 6 of 44
Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Youi Comprehensive Motorcycle Insurance
Agreed or Market
Youi's total package for protection against damage to motorcycle and other people's property.
Budget Direct Comprehensive Motorcycle Insurance
Optional
Agreed or Market
15% off first year's premium when you buy online. T&Cs apply.
eric Motorcycle Comprehensive Insurance
Market
Get cover for your Motorcycle.
eric Off Road Bike Insurance
Market
QBE Comprehensive Motorcycle Insurance
Agreed or Market
Buy a QBE motorcycle policy and get price beat promise for similar policies. Valid for 12 months. T&Cs apply.
AAMI Comprehensive Motorcycle Insurance
Market
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Compare up to 4 providers

Whether you ride to work every day or only go biking on the weekends, you're in the right place to find a policy to insure your motorcycle. Also, learn about insurance for mopeds, scooters and vintage bikes.

What are the main types of motorcycle insurance?

The 4 main types of motorcycle insurance are as follows:

Personal accident

Compulsory third party (CTP)

CTP cover is a legal requirement – you must have it to register your motorcycle in Australia – and it offers bare-bones cover. It protects riders for personal injuries caused by your motorbike after an at-fault accident and compensates those who are injured.

This mandatory insurance type varies between states. It won't cover you for repair costs for your motorcycle or property. Nor will it over other peoples' vehicles or property.

Motorcycle hits car

Third party property

The most basic optional insurance. Third party cover offers a bit more peace of mind as it covers the cost of damages caused by your motorcycle to others' property. It'll also meet your legal costs if you get sued for any damages you've caused.

However, third party property won't cover costs for the repair, or the replacement, of your own motorcycle.

Motorcycle parking

Third party, fire and theft

In addition to the cover offered by third party property damage, it'll also cover any damages to your bike from fire or theft. With third party, fire and theft, there is usually a limit on the amount of cover provided. This can vary depending on the value of your motorcycle.

This type of cover doesn't include the cost of repairs to your bike if it's involved in a traffic accident.

Comprehensive motorcycle

Comprehensive

The highest level of cover available. Comprehensive insurance will cover most accidental damage, whether or not you're at-fault. It also covers you for theft, vandalism, third party property damage and damage caused by uninsured drivers. Plus, natural disasters such as storms, floods, hail and even earthquakes.

Comprehensive cover can replace your motorbike if it's written off within a set time period after being registered. Also, it can cover you for accidents if the rider of the bike isn't nominated.

Different types of motorcycle insurance: A quick summary

Damage to
CTPThird party propertyThird party, fire & theftComprehensive
Other people
  • Yes
  • No
  • No
  • No
Other people's property (including their bike, car or property)
  • No
  • Yes
  • Yes
  • Yes
To your bike from theft or fire
  • No
  • No
  • Yes
  • Yes
To your bike from an accident
  • No
  • No
  • No
  • Yes

How do I choose motorcycle insurance?

The best motorcycle insurance policy for you depends on how you use your motorcycle, and the level of coverage that meets your needs.

To make things a bit easier, let's compare what is typically covered by the 3 key types of motorcycle insurance:

Feature
Comprehensive
Third party fire and theft
Third party property
Accidental Damage
  • Yes
  • No
  • No
Intentional Damage
  • Yes
  • No
  • No
Storm or Flood
  • Yes
  • No
  • No
Fire
  • Yes
  • Yes
  • No
Theft
  • Yes
  • Yes
  • No
Earthquake
  • Yes
  • Yes
  • No
Emergency Accommodation Transport and Repairs
  • Yes
  • Yes
  • Yes
Legal Liability
  • Yes
  • Yes
  • No
Towing Cost
  • Yes
  • Yes
  • No
Locks and Keys
  • Yes
  • Yes
  • No
Riding Gear
  • Yes
  • Yes
  • No
Personalised Registration Plates
  • Yes
  • Yes
  • Yes
Maritime Liability
  • Yes
  • Yes
  • Yes

What else should I look for in a policy?

Here are some cover options to consider:

  • Helmet and riding gear cover. Your riding leathers, helmet and other gear can be expensive. A lot of policies can cover theft or damage of helmets and riding gear.
  • Personal effects cover. Often found separate to riding gear cover, you may be able to find policies that let you insure personal effects carried on or in the bike.
  • Agreed or market value. If market value isn't a fair reflection of your bike's true worth, for example if you need insurance for a modified motorcycle, you might want to look for policies that offer agreed value as an option.
  • Flexible excess. It may be worth looking for insurers that let you set your own standard excess. An excess is what you'll pay upfront if you need to make a claim on your motorcycle insurance.
  • New replacement. If a relatively new motorcycle is written off following an insured event, you might be able to get a brand new equivalent replacement. A time limit, often 2 years, usually applies to this cover type.
  • Temporary replacement vehicle. If you need your bike to get around, it might be worth looking for policies that cover hire vehicles following theft.
  • Personal items. You can get covered for the theft or damage of personal items and trailers.
  • Keys and locks. This provides cover for the cost of re-keying or re-coding locks if your keys are stolen.
  • Windscreen damage. You may be able to find an option for excess-free windscreen and broken glass claims.
  • Protected no-claim bonus. Policies that offer no claim discounts may also offer an extra-cost option that lets you make at-fault claims without losing your discount.
  • Tools and trailer cover. If you use your bike to tow a trailer, or use it to transport any trade tools, then cover for these will often be found as separate options.

More on your motorcycle insurance options: state by state

How are my motorcycle insurance premiums calculated?

Different insurers will use different factors when determining premiums. Generally all of these factors might be considered to determine motorbike insurance quotes.

  • What is your claims history like? If you've made a claim on your motorcycle insurance in the past, insurers will classify you as posing an increased likelihood of making a future claim. This will drive your premiums up. On the flip-side, a no claim bonus can help lower the cost of cover significantly.
  • Who rides your bike? If you're an experienced rider with an unblemished claims history, and you're the only person riding your bike, the cost of your cover will be lower.
  • Do you have a clean riding history? If you've got a long string of speeding and traffic offences, insurers will see you as posing a high level of risk and will increase your motorcycle insurance premiums.
  • Where do you live? If you live in a high crime area the likelihood of your bike being stolen increases. This will be reflected in the cost of your motorbike insurance premiums, as will whether or not you keep your bike safely garaged overnight.
  • Are there any security systems installed on your bike? Bikes with alarm systems or immobilisers are less likely to be stolen, which means you can save on your motorcycle insurance premiums.
  • What kind of bike do you ride? If your bike is expensive and/or high powered, expect it to cost more to insure than cheaper, less powerful models.
  • How much do you ride? The fewer kilometres you ride, the lower your motorcycle insurance premiums.

How can I lower the cost of my motorcycle insurance?

To be eligible for lower premiums, you could:

  • Secure your motorcycle. You'll often get lower premiums if you can keep your bike in a secure lock-up or a garage at night. Also, installing an alarm or immobiliser can also help.
  • Pay premiums annually. Many insurers will charge less overall for premiums paid annually rather than month-to-month. Comparing motorcycle insurance quotes on a regular basis is also a good idea.
  • Ride safely. Having fewer claims will mean you are in a better position for cheaper motorcycle insurance. Those with motorcycle qualifications may also be able to score savings.
  • Look for discounts. You may be entitled to a range of savings, such as loyalty bonuses or discounts for buying your policy online, multi-policy discounts and more.
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    4 Responses

    1. Default Gravatar
      ChrisMay 31, 2018

      Hi, I own a 1996 FLHR Harley Davidson Road king this bike has been mine since new and has travelled 28,150 klm the bike is as new.
      I have been calling numerous insurance companies regarding comprehensive insurance for the bike as my son would now like to take the bike he is also named as an owner on the rego papers.

      But to get sense out of these companies is very difficult I’m finding out’ hence I decided to write to you for some professional advice.
      I had my own HD mechanical workshop for 20 years and I’m a qualified registered automotive mechanical engineer’ but to try and get it through to these people the condition of the machine has been very difficult as they are of the opinion the condition of the bike is the same as another 20 year old bike’ This bike has been serviced and maintained as per the HD recommendations but the oil and oil filter have been changed every 4,000 km with Synthetic oil being used from 20,000km.
      They even question my changing the standard front twin disc brakes which are single pot calipers to high performance twin pot calipers with an approved 3000 psi set of braided lines.

      I won’t go on I think you get my point the bike is pristine but they look at it as a 20 year old piece of rubbish but still want a ridiculous premium with very high excess included and that is after having met all their over the top conditions to insure it.
      Can you come up with a company thats actually more interested in good business other than money grabbers that source the policy out to another company anyway and don’t give a rats about more classic aged motor cycles.

      Regards, Chris

      • Avatarfinder Customer Care
        MayJune 1, 2018Staff

        Hi Chris,

        Thanks for getting in touch with Finder.

        Typically, insurers will only offer comprehensive bike insurance to vehicles less than 10 years old. Also, the insurance you get will usually depend on the type of bike you have. If ever you’re able to insure your classic bike, indeed the premium would be high and costly. You could be paying more to insure the vehicle than what it’s actually worth.

        Nevertheless, it’s still worth doing your homework and you can choose to insure your bike for an agreed value or market value, that is:

        – The agreed value is agreed upon when you first take out your insurance policy.
        – The market value is determined by the insurer depending on the market value of your vehicle at the time of the accident.

        You can find a helpful guide on motorcycle insurance. There’s also one insurer featured on that page which you may like to contact and see what options available for you.

        I hope this helps.

        Cheers,
        May

    2. Default Gravatar
      hanumantFebruary 1, 2017

      what is lowest premium for my third party insurance for my eterno scooter

      • Avatarfinder Customer Care
        RichardFebruary 2, 2017Staff

        Hi Hanumant,

        Thanks for getting in touch. finder.com.au is a comparison service and does not currently have the facilities in place to provide quotes for motorcycle insurance.

        All the best,
        Richard

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