Compare third party fire & theft (TPFT) motorcycle insurance

Compare third party fire & theft motorcycle insurance

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Product	Fire and Theft	Legal Liability	Accidental damage	Agreed or market value	Roadside assistance
Suncorp Fire, Theft & Third Party Property Damage Motorcycle Insurance	Yes	$20,000,000		Agreed		View details Compare	loading Fetching your data...
National Motorcycle Insurance Third Party Fire, Theft and Transit	Yes	$20,000,000		Agreed or Market	Optional	View details Compare	loading Fetching your data...
GIO Fire, Theft and Third Party Property Damage Motorcycle Insurance	Yes	$20,000,000		Agreed or Market		View details Compare	loading Fetching your data...
eric Motorcycle Fire, Theft, & Third Party Property Damage Cover	Yes	$20,000,000		Market		Get cover for your Motorcycle.	View details Compare	loading Fetching your data...

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What is third party fire & theft motorcycle insurance?

This type of insurance covers you for damage you accidentally cause to someone else's property — for example, if you hit someone's Porsche with your motorcycle. This is known as legal liability cover, and most policies offer up to $20 million or $30 million in cover. It also covers you for damage that happens to your bike as a result of fire or theft. The cover limit for this will vary, but it's typically quite low, making third party fire and theft insurance better for people with low-value motorcycles.

If you want cover for your own bike in the event of an accident, you'll need to get comprehensive motorcycle insurance.

How much does third party fire & theft motorcycle insurance cost?

The cost of insurance varies hugely based on your personal profile and the bike you ride. To give you an idea of costs, we got quotes from 5 popular motorcycle insurance brands. Keep in mind though, your own quote will likely differ and this should be used as a guide only.

Providers	Annual Cost
	$645.63
	$356.21
	$237.66
	$687.42
	$137.54

• How we got these quotes

  *Quotes were sourced on the following profile:

  • 35 years old, 5+ years licensed
  • Male
  • No finance
  • Private use of motorcycle
  • Adjusted excess to $500 where possible
  • Motorcycle is parked in a locked garage
  • Exclude drivers under 25

  • No additional driver
  • Start date of policy 31 May 2025
  • No discounts, no memberships, no add-ons
  • Drives 4,000–8,000km per year
  • Located in Sydney NSW, 2000
  • 2021 Yamaha MT-09A MY20 Sports

  Your cost will differ depending on your circumstances. Some things that can affect the cost of your quote include your gender, the type of motorcycle you drive, the colour of the motorcycle, how long you have been driving and the amount of cover you need. Be sure to read the PDS to find cover that suits you.

How does third party fire and theft insurance differ from other third party insurance?

There are three types of 'third party' motorcycle insurance. We've broken them down below.

Compulsory third party insurance (CTP)

This cover is legally compulsory. If you live in NSW or QLD, you will have to purchase CTP before you can register your motorcycle. If you live anywhere in Australia, then this cover is included in your registration, meaning that if your motorcycle is registered then you've already got it. This type of insurance covers you for the costs that arise from hurting someone else in an accident. It covers people, not property.

Third party property damage insurance

This type of insurance covers you for the costs that arise from when you accidentally damage someone else's property. For example, you crash your bike into someone's expensive car and it costs thousands to repair - that's what third party property damage cover is for. This benefit is referred to as legal liability cover as it covers the costs you're legally liable for when you damage someone's stuff.

Third party fire and theft insurance

This one is simple. It covers everything that third party property damage does, plus, gives you coverage for damage that happens to your bike as the result of fire or theft. This can be particularly good to have if you park your motorcycle on the street.

Keep in mind, none of the above will cover your motorcycle for damage if it becomes damaged in an accident. For that kind of cover, you'd need comprehensive motorcycle insurance.

Our expert says

"Third party fire and theft motorcycle insurance is a good medium level cover for those who don't want to fork out for a comprehensive policy but like the peace of mind that comes with being covered for damages to other people's stuff, plus cover for fire and theft. Even if you think comprehensive coverage is too expensive, I'd always get a quote for both from at least 5 providers — this will let you see where the best value is. I've seen instances where comprehensive cover can be cheaper than third party coverage, so it's always worth looking to ensure you're not being ripped off."

Peta Taylor

Publisher of Insurance

Frequently asked questions

• Is third party motorcycle insurance worth it?

  In most cases, yes, but ultimately this is for you to decide. Personally, it makes me nervous to hit the road knowing that I'd be liable for any accidental damage I caused because that could be hundreds of thousands of dollars.

• Does third party insurance cover fire and theft?

  In some cases, fire and theft is an add-on to third party property damage policies. In other instances, it's a separate product. To know if you're covered, check your product disclosure statement.

• Do motorbikes need CTP?

  Yes, all vehicles that drive or ride on Australian roads need CTP. If you're in NSW or QLD, you'll have to purchase CTP to be able to register your bike. If you're anywhere else in Australia, CTP is part of your motorbike's rego costs so if your bike is registered, you already have CTP cover.

Written by

Peta Taylor

Publisher of Insurance

Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year. See full bio