QBE's Comprehensive motorcycle insurance covers damage to your bike, theft, fire, and accidents, whether you're at fault or not. It also includes liability coverage for damage to other people's property.
This policy protects against theft and fire damage to your motorcycle while also covering you for damage caused to other people's property. It's a budget-friendly option with added protection for unexpected losses.
This option covers you for damage your motorcycle causes to other people's property but does not include coverage for your own bike. It's the most affordable coverage available.
| Comprehensive policy | ||
|---|---|---|
| Benefit | Definition | QBE's policy |
| Damage to your motorcycle | Covers repair or replacement after accidents, theft, or disasters. | Yes |
| Agreed or market value | The amount your insurer will pay if your motorcycle is written off: Agreed value: A fixed amount agreed upon when you purchase the policy. | Agreed or Market |
| New motorcycle replacement | Replaces written-off motorcycle with a brand-new one. | Yes |
| Motorcycle apparel cover | Cover for your gear like helmets and leathers. | Up to $4,000 |
| Choice of repairer | Allows you to select your preferred repair service. | No |
| Roadside assistance | Helps with breakdowns, towing, battery issues, or flat tyres. | No |
| Key replacement | Covers lost, stolen, or damaged keys, including electronic reprogramming. | Up to $1,500 |
| Hire car after accident | Provides temporary vehicle while yours is repaired. | No |
| Personal effects | Covers stolen or damaged belongings inside your motorcycle. | Yes |
| Damage to other people's property | Covers repair costs for others' damaged property. This will be called legal liability on the PDS. | Yes |
| Third party fire & theft policy | ||
| Fire | Covers repair or replacement costs of your bike if damaged by fire. | Yes |
| Theft | Covers repair or replacement costs of your bike is damaged by theft or stolen. | Yes |
| Legal liability | Covers repair costs for others' damaged property. | Up to $30,000,000 |
| Uninsured motorist damage | Cover for damage to your vehicle if inflicted by an uninsured driver. | No |
| Third party property damage policy | ||
| Legal liability | Covers repair costs for others' damaged property. | Up to $30,000,000 |
| Uninsured motorist damage | Cover for damage to your vehicle if inflicted by an uninsured driver. | No |
Be sure to refer to the product disclosure statement (PDS) to see all benefits and limits for your chosen policy.
"QBE is good to consider if you want multiple insurance options to consider as it offers 3 cover levels. If you're looking exclusively at the comprehensive product, it's a strong policy in terms of benefit limits for new motorcycle replacement, key replacement and emergency accommodation. But it lacks in other areas, for example, personal effects aren't covered at all."
"My husband held comprehensive motorcycle insurance with QBE but we recently had to switch due to how expensive it became. When we originally purchased the policy, QBE had a brilliant price beat guarantee. This meant that we got to enjoy the extensive benefits at a really competitive and affordable price. Unfortunately, when it came time for renewal, our bill went up massively. I was able to find similar coverage with another insurer for $550 less per year, so that's what we did."
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Does QBE motorcycle insurance take into consideration if the rider has taken safe rider classes, a discount is provided?
In QBE Australia motorcycle insurance, there is something called a “Rider Training Excess”. Under the excesses section, QBE says there is a $500 extra excess that applies when you are attending an approved rider training course. That means instead of reducing your costs, training classes may cause an extra excess in some cases. Is this true?
Hi Alex, thanks for getting in touch. In QBE’s PDS it states a 10% discount is available for customers who are a member of a motorcycle club approved by QBE, not safe rider classes. In regards to the “Rider Training Excess”, yes you are correct. If your bike is lost or damaged when being used in a QBE-approved rider training course, you will also need to pay an additional $500 excess along with the standard excess and any other applicable excess for the claim. I hope this helps.
Ceyda