GIO Motorcycle Insurance

Whether you ride a scooter, a high-powered sports bike or anything in between, motorcycle insurance for your set of wheels is crucial. It offers financial protection against a wide range of risks and incidents, giving you the peace of mind you need to just hit the road.

GIO has been insuring Australians for over 90 years. It offers three policies to suit Australian riders – Comprehensive Motorcycle Insurance; Fire, Theft and Third Party Property Damage Motorcycle Insurance; and Third Party Property Damage Motorcycle Insurance – all of which are backed by a 24/7 claims service.

GIO motorcycle insurance policies you can choose from

GIO offers three bike insurance cover options to Australian riders:

• Comprehensive Motorcycle Insurance. The highest level of cover available from GIO, this policy covers damage to your motorcycle from a collision, vandalism, storm, hail or flood. Cover is also included if you suffer loss or damage due to fire, theft or attempted theft, while $20 million of legal liability protection provides peace of mind if you cause bodily injury or property damage to someone else. Emergency repairs, travel and accommodation are included in the policy, as is $1,000 cover for your protective riding gear.
• Fire, Theft and Third Party Property Damage Motorcycle Insurance. This mid-range policy provides up to $20 million of legal liability cover for damage caused by your motorcycle. It also provides cover if your bike is damaged or lost due to theft or attempted theft, plus provides coverage in case of fire. Emergency repairs, travel, accommodation and protective riding gear are also covered after fire or theft.
• Third Party Property Damage Motorcycle Insurance. Third Party Property Damage Motorcycle Insurance from GIO provides entry-level protection for you and your bike. It provides $20 million legal liability cover when your motorcycle causes damage to other people’s vehicles or property. Up to $5,000 cover for your repair costs after a no-fault collision with an uninsured driver is also provided.

What do GIO policies cover?

• Comprehensive Motorcycle Insurance
• Fire, Theft and Third Party Property Damage Motorcycle Insurance
• Third Party Property Damage Motorcycle Insurance

What won't you be covered for?

• General exclusions on your policy

  • You enter into any agreement accepting liability.
  • You were under the influence of alcohol or drugs at the time of the incident.
  • You refused to take part in a drug or alcohol test.
  • Your motorcycle being used as an integral means of earning an income.
  • It is for consequential loss of any kind following an incident.
  • It is for any structural, mechanical, electrical or electronic failure or breakdown.
  • It is for rust, wear and tear, mould, mildew or depreciation.
  • Your motorcycle was being used in a damaged, unsafe or unroadworthy condition.
  • Your motorcycle was being used to illegally store or transport dangerous or hazardous goods.
  • Your motorcycle was carrying a higher load or number of passengers than for which it was built.
  • You fail to take reasonable precautions to prevent loss, damage or liability.
  • Your motorcycle is used for hire, fare or monetary reward.
  • It is for intentional loss or damage caused by you or someone acting with your consent.
  • Your motorcycle was being prepared for or was engaged in racing or track days.
  • It is for a modification to your motorcycle that is not street legal or roadworthy.
  • It arises due to an intentional or reckless act by you or the rider of your motorcycle.
  • Your motorcycle was being used for unlawful purposes.
  • Your motorcycle was being ridden by someone not correctly licensed (unless stolen).
  • Your motorcycle was unregistered and was being used on public roads.
  • It is for damage to your motorcycle’s tyres caused by braking, punctures, road cuts or bursting.
  • It is for loss or damage that occurs outside Australia.
  • It is for loss or damage caused by using the incorrect fuel.

  For a complete list of exclusions, make sure you read the Product Disclosure Statement (PDS) before buying cover.

What impacts the cost of your policy?

The cost of your GIO Motorcycle Insurance premiums is influenced by a range of factors, including:

• The sum insured. The amount your motorcycle is insured for will affect the cost of your premium.
• Where your bike is kept. A bike kept in a secure garage will be less likely to be targeted by thieves than one left parked on the street. The crime rate in your area will also be taken into account.
• Your history. Your previous claims history and riding experience will be taken into account, as will your age.
• When you pay premiums. Paying your premium by instalments costs more than if you pay annually.
• Your excess. You can choose to increase your excess amount in return for lower premiums.
• Any discounts that apply. You can take advantage of a 10% multi-policy discount if you hold three or more eligible policies with GIO, while a no-claim bonus of up to 60% is also available.

What excess will I be charged?

The excess is the amount you have to pay whenever you make a claim. The excesses that apply to your policy, and their amounts, will be shown on your certificate of insurance from GIO. The different types of excess are:

• Standard excess. This applies to all claims (except for an incident where you were not at fault, and you can provide the name and address of the other driver or the registration number of the other vehicle.
• Voluntary excess. You can choose a voluntary excess in order to reduce your premium.
• Age excess. This excess is payable when a rider under 25 years of age was riding your motorcycle at the time of the incident.
• Inexperienced rider excess. This excess applies if an inexperienced rider (someone who has held their licence for less than one year or has been riding for less than one year) was riding your motorcycle at the time of the incident.

How do I claim?

If you need to make a claim, GIO’s claims service can be contacted 24 hours a day, 7 days a week by phoning 13 14 46. Simply follow these steps:

1. Make sure everyone is safe. Phone 000 if necessary.
2. Try to prevent further loss or damage. For example, move your bike off the road and put on its hazard lights.
3. Report the incident to the authorities. This should be done immediately if someone is injured or if someone has stolen, maliciously damaged or attempted to steal your bike. Obtain a copy of the police report details.
4. Collect the details of all drivers, passengers and witnesses. This includes names, addresses, contact details and rego numbers.
5. Contact GIO. Phone the insurer to lodge your claim. If towing is required, GIO can organise this for you.

Some final questions about your GIO policy you may have

• Who underwrites GIO Motorcycle Insurance?

  GIO’s Motorcycle Insurance policies are issued by AAI Limited.

• Is there a cooling-off period?

  Yes, there is a 21-day cooling-off period. You will receive a full refund if you cancel your cover during this time.

• Will my motorcycle be replaced with a new one if it is a total write-off?

  Yes, but only GIO's Comprehensive Motorcycle Insurance plan offers new-for-old replacement on bikes that are less than two years old.

• Do I need to list all riders on my policy?

  Yes, you should list all riders that you expect will regularly ride your bike.

• Can I choose my own repairer?

  Yes, you can choose your own repairer that GIO agrees to, or let GIO choose a repairer for you.

• Can I pay my premiums in instalments?

  Yes, you can pay your GIO Motorcycle Insurance premiums in instalments, but this will cost you more than if you pay annually.

GIO Motorcycle Insurance is worth considering if you need cover for your bike. Compare its benefits, features, limits and exclusions with a range of other policies to find the cover that’s right for you. Always check the Product Disclosure Statement (PDS) before buying cover.