NRMA Motorcycle Insurance

NRMA Insurance offers a suite of car, home, business and travel insurance products backed by Insurance Australia Group (IAG). It also offers a wide range of motorcycle and scooter insurance policies to provide financial protection when your bike is damaged or stolen, or when you cause vehicle or property damage to a third party.

Motorcycle policies available from NRMA

NRMA offers the following cover options to customers:

• Comprehensive Motorcycle or Scooter Insurance. This is NRMA’s highest level of motorcycle cover. It covers loss or damage to your bike or scooter up to the agreed market value caused by accidental damage, collision, earthquake, explosion, fire, storm, theft and vandalism. Cover is also provided for emergency repairs, a hire car after theft or attempted theft, a new replacement vehicle for motorcycles less than two years old, and cover for tools of trade. Up to $20 million of liability cover is also included.
• Motorcycle or Scooter Third Party Property Damage Insurance. This is the most basic policy NRMA Insurance offers to provide cover when you cause vehicle or property damage to someone else. It provides up to $20 million of legal liability cover, and also provides $5,000 cover if you have a crash with an uninsured at-fault driver. Reasonable towing costs are covered as well.
• Veteran, Vintage & Classic Motorcycle Insurance. This NRMA Motorcycle Insurance policy offers tailored cover for motorcycles and scooters that are more than 15 years old and used for special occasion/wedding hire, or for hobby or recreational use and is ridden less than 10 days per month. Veteran (pre- 1919), vintage (made between 1919 and 1930) and classic (15 years or older) motorcycles are covered for loss or damage for an agreed value caused by a wide range of incidents, and $20 million of legal liability cover is also included.

Levels of cover

• Comprehensive Motorcycle or Scooter Insurance
• Motorcycle or Scooter Third Party Property Damage Insurance
• Veteran, Vintage & Classic Motorcycle Insurance

What won't be covered?

• General exclusions applied

  • The incident took place outside Australia.
  • The rider was under the influence of alcohol or any drug.
  • The rider did not hold a valid licence.
  • You or your passenger were being reckless or wilful.
  • Your bike was being ridden in an unsafe or unroadworthy conditions.
  • You exceeded the number of passengers or load limits recommended by your motorcycle’s manufacturer.
  • Your bike was being used for illegal purposes or in an illegal manner.
  • Your bike was being used in a race, rally, trial, test or contest.

  • Your bike was being used in a track day or similar organised event.
  • It results from an intentional act by you, a passenger or someone acting with your consent.
  • The incident occurred because your bike had unrepaired damage.
  • It is for faulty design, workmanship or repairs (except authorised repairs covered under the lifetime guarantee).
  • You fail to take reasonable care to secure your vehicle.
  • Your claim arises due to rust or corrosion.
  • Your claim is for depreciation or wear and tear.
  • Your claim is for consequential financial loss.

  Before you buy cover, make sure you read the Product Disclosure Statement (PDS) for a full, updated list of exclusions.

How much does it cost?

There are several factors that could influence your NRMA Motorcycle Insurance premiums, including:

• Your bike. The value you insure your bike for will affect the cost of premiums.
• Where you keep it. Bikes kept in a secure, locked garage are cheaper to insure than bikes that aren’t.
• The age of the insured riders. Younger riders are statistically more likely to make a claim and therefore have higher premiums.
• Claims history of the insured riders. Your previous claims history will also be taken into account when determining the likelihood of you making a future claim.
• How you use your bike. Your premium will vary based on whether you use your bike for private or business purposes.
• Any discounts that apply. A No-claim Bonus and loyalty discount can also reduce the cost of premiums.

What excess will I be charged?

If you make a claim on your NRMA Motorcycle Insurance, you will need to pay an excess to contribute towards the cost of that claim. The certificate of insurance shows the types and amounts of excesses that apply to your policy, which may include:

• Basic excess. This applies to most claims. If you have a Comprehensive motorcycle insurance policy, you can change the amount of this excess to alter the cost of your premiums.
• Age excess. This excess is payable when the driver at the time of an incident is under 25 years of age, or over 25 but with less than two years of driving experience.
• Special excess. Any special excess that applies will be outlined in your certificate of insurance.

Making a claim with NRMA

If you’re involved in an accident, make sure everyone is safe and phone the emergency services if required. You can then gather the names and details of all other riders/drivers and witnesses involved in the incident.

Alternatively, if you’re the victim of theft, attempted theft or a malicious act, you must notify the matter to the police immediately and record the details of your report.

You can contact NRMA Insurance 24 hours a day, 7 days a week over the phone or online to lodge your claim. If needed, NRMA can arrange the towing of your vehicle after an incident.

For approved claims, NRMA will either:

• Repair your vehicle
• Pay you the reasonable cost to repair your vehicle
• Pay your claim as a total loss
• Pay for other benefits

Some final questions you might have

• Is there a cooling-off period?

  Yes, a 21-day cooling-off period applies. If you change your mind and cancel your policy during this time, you will receive a full refund of all premiums paid.

• When do I pay my NRMA Motorcycle Insurance premiums?

  Premiums can be paid annually or in monthly instalments.

• What are the premium payment options?

  You can pay your premiums online through the NRMA Insurance Self Service Centre, via BPAY. over the phone, at a post office or by mail.

• Is there a No-claim Bonus?

  Yes, NRMA Motorcycle Insurance offers a premium discount for drivers who do not make a claim, up to a maximum discount of 65%.

• Will my bike be insured for its agreed or market value?

  You can choose to insure your motorcycle or scooter for either its agreed or market value.

Before you choose any motorcycle insurance policy to protect your bike, it’s important to compare a range of policies to determine which one offers the best value. Make sure you read the Product Disclosure Statement before buying insurance. Compare NRMA Motorcycle Insurance with other policies at finder.com.au today.