Bike Insurance

It is smart to insure your bike as soon as you buy it. The reasons are simple-as soon as you get yourself the correct insurance, you are legally protected against losses, if you ever have bike accident.

Bike insurance is compulsory, by the law

In Australia it is compulsory that you have insurance as soon as you buy the vehicle. Without insurance you do not stand a chance. If you drive without an insurance, you may actually have to pay a huge fine, or even suspension of bike registration or if you are unlucky enough jail time.

Types of Insurance

Third Party Insurance: The minimum coverage is usually is “third party insurance, this means the financial losses in case of collision are covered, to the injured party. This covers damage or losses that could be caused because of you to somebody else or another property. This could work out to a huge amount without insurance.

Comprehensive Insurance: This provide wide-ranging coverage, right from collision , to theft or even damage by fire, vandalism, bad weather or even damage caused by animals. It is of course a lot more expensive, but worth the trouble if you are planning to go long distances on you bike.

The Premium Charges

Premium is the amount you is the amount you pay to the insurance company, to cover your bike. Now there are many factors that determine that rate.

• The type of policy you choose – Third party insurance is cheaper than comprehensive insurance. So if you would like to pay less for the insurance cover chooses the basic type.


• Gender – Some insurance company actually take a little more premium form young male drivers. Simply because they are prone to driving faster and taking greater risks. There are fewer female bike riders, but if you are one of them you just may have to pay less.


• Age - Younger drivers sometimes pay more than older drivers as they are expected to drive more rashly. So if you are a young man bike rider…pay that little bit more for insurance.


• New technology solutions – These are yet to come into force and include Odimeter and GPS based systems. Essentially they measure the distances that the bike is ridden to.

We suggest that you look for insurance that suits you best, but make sure you have one before you ride out.