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As a motorcycle rider, you may have some idea of what it would be like to have leprosy because that's how insurance companies tend to treat riders want to quote motorcycle insurance.

They don't salivate over you for your business like they would if you were asking for car insurance. And yes, you probably know why - riding a motorcycle is more of a risk than driving a car. Of course it's true that a motorcycle doesn't offer the same protection as a car, but most motorcycle riders are not stupid; they understand the risks and manage them responsibly. 'Tell that to the insurance companies,' you say.

Well, as it turns out, someone must have told the insurance companies because the choice in motorcycle insurance is on the rise and the financial penalties for riding a motorcycle are decreasing as more competitors targeting motorcycle riders enter the market.

At long last you can expect a good deal on your motorcycle insurance without someone looking at you as if you farted in an elevator.

Please read the disclaimer at the bottom of this page. As with any purchase, please do your own research.

Motorcycle Insurance Providers

Since motorcycles are not the same as cars, you want an insurer who understands the insurance needs of a motorcycle enthusiast. While some of the bigger insurers provide motorcycle insurance, it's important to note that their main business is providing car insurance, and therefore you may not get the detail of service that you would with a specialised insurer.

General Insurance Code of Practice

It's also worth considering insuring your motorcycle with an insurance provider that is a General Insurance Code of Practice Participant. This means that if ever there is a dispute between you and your insurance provider, the Insurance Ombudsman Service can enforce an independent ruling. If you insure your motorcycle with an insurer that is not a General Insurance Code of Practice Participant, the Insurance Ombudsman Service will assist in mediating the matter but has no power to enforce a ruling.

To check if your insurance provider is on the list of General Insurance Code of Practice Participants visit the Insurance Ombudsman Service website at www.insuranceombudsman.com.au. Make sure you look for the insurance company that underwrites your policy, not your insurance provider.

If the underwriter is on the list of Code of Practice Participants then your insurance provider is bound by their terms of reference.

At this point, I should mention the insurance companies I use. For comprehensive insurance I use Shannons. Ever since I bought my first Harley in 1986, I have used them exclusively. Their service is second to none, and their rates are simply unbeatable. As for CTP Greenslips, I use NRMA. Again, very competitive pricing, and driver at fault cover is included - but not on motorcycle Greenslip policies (unfortunately, the risk is too high).

Comprehensive Motorcycle Insurance Comparison

Motorcycle-insurance.com.au

Motorcycle-insurance.com.au is, as the name suggests, specialised insurance for motorcycle riders. Their policies are issued by QBE Insurance Australia Ltd which is a listed General Insurance Code of Practice Participant.

Standard Policy Features:

• Motorcycle apparel cover up to $4000 for rider and pillion per incident (Max $2000 per item)
• Replacement bike cover (for motorcycles less than two years old)
• Agreed value or market value
• No claim bonus discount (up to 60%) can be transferred from other insurers
• No claim bonus protection (one at fault claim per year allowed)
• Discount for motorcycle club members

Motorcycle-insurance.com.au also guarantees to beat any insurance quote.

Shannons

Shannons is an insurance company dedicated to servicing all motoring enthusiasts. They are underwritten by Australian Alliance Insurance Company Limited which is a listed General Insurance Code of Practice Participant.

• Agreed value
• Special low usage rates
• Motorcycle apparel cover up to $3000 for rider; $1500 for pillion (Max $1000 per item)
• Choice of repairer
• Lifetime guarantee for repairs
• Modifications
• Multi vehicle discounts
• Variable excess to reduce premiums
• Flexible coverage for limited use
• $20,000,000 legal liability for third party property damage

As mentioned above, I use Shannons exclusively to insure not only my motorcycle, but their cheap car insurance saves me a bundle every year.

insuremyride.com.au

InsureMyRide specialises in motorcycle insurance. Being a wholly owned subsidiary of Suncorp, a General Insurance Code of Practice Participant, they are bound by the Code's terms of reference.

Standard Policy Features:

• Replacement bike cover (for motorcycles less than one year old)
• Lifetime guarantee for repairs
• Cover for some accessories and modifications
• Cover for others riding your bike (additional excesses may apply)
• $20,000,000 legal liability for third party property damage
• Up to 65% no claim bonus
• 25% discount for online purchase
• Variable excess to reduce premiums

eBike Insurance

eBike Insurance is arranged by E Group (Australia) Insurance Services Pty Ltd and underwritten by Lloyds, a General Insurance Code of Practice Participant.

Standard Policy Features:

• Motorcycle apparel cover up to $4000: $2000 for rider; $2000 for pillion (Max $1000 per item)
• Instant online policies
• Online policy management
• Rating 1 no claim bonus for life
• Breakdown cover
• Variable excess to reduce premiums
• Monthly premiums

NRMA

NRMA is part of the Insurance Australia Group (IAG) and offers a wide range of insurance products. They are a listed General Insurance Code of Practice Participant, and will insure most motorcycles, including Harleys.

Standard Policy Features:

• Replacement bike cover (for motorcycles less than two years old)
• Paperless claims
• Multi-policy discounts
• Loyalty discounts
• No claim discount (up to 65%)
• Hire car
• After accident care
• Lifetime guarantee on repairs
• Monthly premiums (extra cost)
• Cover for modifications

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Disclaimer

While much care has been taken in compiling this information, the author and owner of this website take no responsibility for it's accuracy. The information is of a general nature only and has been derived from sources believed to be reliable and accurate, as well as personal opinion arrived at after exhaustive research. It is not designed to take the place of professional advice and/or more in depth research.

Copyright

The content on this website page has been researched and written by Kylie Ackland - a professional copywriter. None of the content herein may be used in any other website without first seeking and obtaining permission from justweb™ - contact us.

  

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