| People who own and use motorcycles should never | | | | In addition to this, any individual operating a |
| take the risk of not having enough insurance | | | | motorcycle in Australia will require third party |
| coverage to protect them and other riders. | | | | insurance, or TPI. This is the type of insurance that |
| Comprehensive motorcycle insurance, third party | | | | protects you when you are the cause of an accident |
| property damage insurance and veteran, vintage and | | | | and when other road users make personal injury |
| classic vehicle insurance are the types of insurance | | | | claims against you. |
| from which you have to choose. | | | | Questions for Your Provider: |
| Comprehensive motorcycle insurance provides you | | | | If you have particular needs, talk to your insurance |
| with complete insurance coverage, which includes | | | | company. Policies should include liability protection, but |
| providing your bike with complete cover and | | | | even a comprehensive package may not be enough. |
| providing for damages you may cause to someone's | | | | Putting together a thorough package that includes |
| property with your bike. This type of coverage | | | | comprehensive insurance as well as third party |
| works well for scooters, too. | | | | insurance is a must for most insurance companies. |
| Third party property damage motorcycle insurance is | | | | Ask your provider: |
| a type of insurance that will cover someone else's | | | | How to make claims: |
| property and their vehicle, but it will not provide | | | | What is covered and what is not covered (be sure |
| protection for your own bike. | | | | to be specific here) What happens to your policy and |
| Veteran, vintage and classic vehicle insurance is a | | | | premium payments when you have an accident and |
| type for those bikes over 15 years of age that are | | | | make a claim (does the rate go up) Are there any |
| not driven as much because they are used for a | | | | discounts for coupling your motorcycle insurance with |
| hobby or recreational use only. | | | | other types? |
| In addition to these types of insurance for your | | | | Ways to Save on Motorcycle Insurance: |
| motorcycle, you also need to have third party | | | | Get the right package of insurance for you. If you do |
| insurance, which provides protection for those you | | | | not drive your motorcycle often, it may qualify for |
| injury while on your motorcycle. If you would like to | | | | the lower costing Vintage insurance. If you use your |
| register your motorcycle for the ACT, this type of | | | | motorcycle for business, be sure to let the provider |
| insurance is mandatory. | | | | know about this ahead of time. |
| Coverage Under Motorcycle Insurance: | | | | The most important way to get a lower price on |
| Most people will need to have comprehensive | | | | your insurance for your motorcycle is to take |
| motorcycle insurance. There are a number of | | | | advantage of comparison shopping. Talk to several |
| different amounts of coverage you can purchase, | | | | insurance companies to find out what they can |
| based on the budget you have and the amount of | | | | provide to you. In many situations, you will find |
| protection you want to have for your bike. | | | | discounts for additional policies, too. Insuring your |
| The insurance company will probably cover costs | | | | vehicle with your motorcycle can lower the rate you |
| associated with an accident with this type of | | | | pay in total. |
| insurance, including getting the vehicle fixed or | | | | Beware Before Signing: |
| replacing the vehicle, or providing you a payout at | | | | Read through your motorcycle insurance policy |
| market value of the motorcycle or a price that you | | | | thoroughly. The policy will have a specific page that |
| agree on. It will likely cover the costs of fire, repairing | | | | lists all items that are covered and are not covered. |
| or replacing of locks, and it provides a policy that | | | | Be sure you understand what is not covered and get |
| protects others. This liability coverage which is part | | | | an explanation of any of these. Ultimately, that will |
| of the comprehensive package will include a large | | | | define whether you should sign or not. Be sure that |
| cover for you for those that you may hurt while on | | | | you have a full understanding of your policy! |
| your motorcycle, including legal costs, payout for | | | | Additional Coverage to Consider: |
| damages, damage caused by any passenger you | | | | In addition to comprehensive motorcycle insurance, |
| may have or will provide cover for your employer if | | | | make sure you also have third party property |
| you are using your motorcycle for business. | | | | damage motorcycle insurance. Consider the benefits |
| The comprehensive plan will provide your motorcycle | | | | of adding any add-ons to your policy should they |
| with coverage from storms, thefts, replacement | | | | fit(such as roadside assistance.) Also, look to what |
| when the vehicle is a total loss, and towing. | | | | the lender will provide you including discounts, |
| Mechanical failures won't be covered by most | | | | rewards, hire car, and after accident care, which may |
| insurance policies, and you won't be covered if you | | | | be add-ons in some situations. Some will provide you |
| take your motorcycle outside of the country. | | | | with lifetime guarantees on repairs as well. |