Motorbike insurance is a lot like car insurance in that every rider needs compulsory third party personal liability insurance, and premiums are largely determined by your riding history, previous claims, vehicle and location. This means insurers are ready to compete for your business, and QBE in particular is going above and beyond to deliver effective motorcycle insurance at literally unbeatable prices.
For the first 12 months of any new or renewed policy, QBE offers a motorcycle insurance price match guarantee, and will beat the price of any licensed* competitor’s equivalent policy while simultaneously offering a full range of options.
Whether you’re just getting the minimum legal liability cover or want to protect your ride and your gear with full comprehensive motorcycle insurance, QBE can deliver a better price.
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*Conditions apply, see the product disclosure statement for details.
|Benefits||Comprehensive||Legal liability, fire and theft||Legal liability||Fire and theft only|
|Lifetime repair guarantee|
- Fire and theft only may be a suitable option for riders who already have legal liability cover, but want to protect their bike from other common hazards.
- Legal liability only is the minimum motorcycle insurance requirement. All riders are required to hold legal liability cover, either by itself or included in other policies.
- Legal liability, fire and theft may be a suitable option for anyone who’s looking for effective cover from common hazards, liability cover and some additional benefits.
- Comprehensive motorcycle insurance offers a considerably wider range of cover than the other policies, including extra cover for riding apparel, expenses incurred following an incident and damage or loss from most sources, not just fire and theft.
Additional benefits with QBE motorcycle insurance
Note: These additional benefits may only be available on comprehensive policy. Always check the PDS before going ahead with cover.
- Protected no-claim bonus: If you make no more than one at-fault claim in the 12-month period before your policy anniversary, then you can keep your no-claim discount.
- Replacement bike insurance: If you get rid of your old bike, and it wasn’t a total write-off, then your insurance cover can be moved over to the new bike.
- Travelling expenses. If your bike cannot be ridden as the result of an incident, you can claim up to $500 in travel expenses for getting home.
- Emergency accommodation: If you’re more than 100km from home when your bike is rendered unrideable by an incident you can claim up to $500 for emergency accommodation.
- Motorcycle apparel: Claim up to $4,000 in total for gear damaged in an incident, and up to $2,000 per single item.
- Hire vehicle reimbursement: If you’re renting a vehicle following the theft of your bike, QBE can reimburse you for reasonable expenses until the bike is found, 14 days have passed or you’ve hit the $1,500 limit.
- Trailer cover: Claim up to $750 for single-axle trailers damaged or stolen while in your possession and attached to your bike.
- Rekeying: Claim up to $1,500 for replacement and recoding of stolen keys, if you have provided a police report.
- Training cover: Remain covered by your motorcycle insurance while undertaking approved QBE rider training courses.
Exclusions are what is not covered by the policy, and can include situations where the insurer won’t pay out and circumstances where the bike isn’t covered. Your QBE motorcycle insurance policy won’t pay out if:
- Your bike is unregistered
- The rider is under the influence of drugs or alcohol
- The bike is in an unroadworthy or unsafe condition
- Damage done is the result of normal wear and tear, corrosion or rust
- Damage done is to non-standard modifications or unlisted accessories
- The motorcycle is being used on a speedway, racetrack, in a rally, or in preparation for a time trial or hill climb
Insurers may also refuse to pay claims if the policyholder is found to have breached the terms and conditions of the policy, including by being dishonest or otherwise failing to meet the policy requirements.
The cost of your motorcycle insurance premiums depends on a variety of factors, much like with car insurance. QBE considers factors including:
- Sum insured. The on-paper value of the bike for insurance purposes. You are able to choose agreed value or market value, and may be able to reduce premiums by opting for a lower sum insured.
- The type of policy. Comprehensive cover naturally costs more than personal liability only.
- The year, make and model of the bike. This can affect the cost in numerous, complex ways. Newer models might be more valuable, but can also be cheaper to repair, while some models are stolen considerably more than others.
- Your location. If your area is at high risk of theft, you may be getting higher premiums.
- Rider’s age. Young riders may have higher premiums.
The excess is an additional amount that must be paid when making a claim. All motorcycles start off with a standard excess, which is then modified according to other factors including:
- Age. Under 25s pay more.
- Standard bike excess. First amount you have to pay.
- Undeclared riders. The excess is higher for claims involving riders not listed on the insurance policy.
- Rider experience. Riders with less than three years of experience will need to pay extra on claims.
- Theft excess. Theft claims may involve an additional excess.
- Imposed excess. Shown on the schedule.
- Voluntary excess. You may choose a higher excess, known as the voluntary excess, in exchange for lower premiums.
After an accident, your first steps are to prevent further loss or damage, make sure everyone’s safe and notify the police if needed.
Call QBE on 1300 365 354 as soon as possible if you intend to make a claim.
You will need:
- Your QBE policy number
- The name, address, phone number, email, licence number and insurer of other parties involved
- The registration of all vehicles involved
- Details of the accident, including time and place
Once you’ve informed QBE of the incident and what happened they will assess the claim, get in touch with the other parties, manage repairs and settle your claims.