If you’re a motorcycle learner, investing money in high-quality safety gear and motorcycle insurance is advisable. Is it possible to obtain the best motorcycle insurance for learners in Australia?
Australian residents frequently ask that question. The answer is yes if you have a learner’s permit because un-experience motorcyclists are at greater risk of accidents than experienced riders.
Research has shown various factors associated with a high risk of accidents, such as age, time spent riding a motorcycle each week, and having just completed a basic riding course other than an advanced one.
In this article, will we discuss all you need to know about motorcycle insurance which also includes ranking and reviewing the best motorcycle insurance for Learners in Australia.
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Table of Contents
What Is Motorcycle Insurance?
Motorcycle Insurance is a standalone form created to offer suitable coverage for various motorcycles and related vehicles, including scooters, trikes, golf carts, all-terrain vehicles, mopeds, snowmobiles, and mopeds.
Depending on where you live in Australia, you must be old enough to get a motorcycle license to be fully insured to ride a motorcycle on a learner’s permit. If you are 16 years or 17 years old and just purchased your first scooter or moped, make sure you have motorcycle insurance for learners whether you have just completed your Compulsory Basic Training.
Importance Of Motorcycle Insurance
1. In many states, motorcycle insurance is required by law.
Unless you reside in Michigan, Montana, Hawaii, or New Hampshire, the law requires you to carry motorcycle liability insurance, which can help you cover the damage you are found to be at fault for.
2. Ease your financial burden.
Getting motorcycle insurance might make things easier financially if you ride a motorcycle. This is because your insurance will pay if something wrong happens to your motorcycle or if you unintentionally hurt someone.
3. Offer third parties protection
Motorcycle owners are responsible for ensuring they have enough motorcycle insurance coverage because they might be charged and arrested if they cause an accident resulting in another road user’s death or serious injury while riding their motorcycle.
4. Insurance may provide coverage if your motorcycle is damaged and can be helpful if you get hurt while riding.
5. Towing & Roadside Insurance
It is distressing when you are stuck on the roadside due to your motorcycle breakdown. You can easily tow your motorcycle to the closest repair facility with towing and roadside insurance.
Top 10 best motorcycle insurance for Learners In Australia
Below are the lists of the best motorcycle insurance for Learners in Australia.
1. Suncorp Motorcycle Insurance
Suncorp Insurance has offered average Australians a helping hand and support when they need it most for more than 100 years. With a variety of options for home, contents, and auto insurance, Suncorp Insurance can help you safeguard your valuable items. You can also get insurance under the Suncorp brand for income, life, and health.
Company URL: https://www.suncorp.com.au/insurance/motorcycle.html
2. QBE Motorcycle Insurance
QBE Insurance Group Limited is a company with operations in 27 nations that provides general insurance and reinsurance. It provides a range of products for individuals, businesses, and niche markets, as well as risk management options, and is listed on the Australian Securities Exchange. In more than 140 nations, the firm offers insurance to policyholders.
The five regional divisions that comprise QBE’s operations are Asia Pacific, Australia & New Zealand, Europe, North America, and Latin America.
Company URL: https://www.qbe.com/au/motorcycle-insurance
3. Youi Motorcycle Insurance
Youi motorcycle insurance gives you access to various features and coverage and outstanding customer service, giving you peace of mind when you are driving. For even more peace of mind, complete motorcycle and auto insurance coverage come with emergency roadside assistance.
Company URL: https://www.youi.com.au/motorcycle-insurance
4. Budget Direct Motorcycle Insurance
Since its founding in 2000, Budget Direct has served millions of customers worldwide by providing motorcycle, travel, auto, and house insurance. Auto & General Insurance (Singapore) Pte. Limited, a member of the global BHL Group, underwrites the policies of Budget Direct. The group’s segments, which operate across four continents, bring in more than $2 billion annually.
Budget Direct offers 3 main motorcycle coverage tiers, Third Party, Fire, Theft, Comprehensive, and Third Party Only.
Company URL: https://www.budgetdirect.com.au/motorcycle-insurance.html
5. AAMI Motorcycle Insurance
One of the biggest and most prestigious insurers in Australia is AAMI. With house, landlord, and strata insurance from AAMI, you can easily protect your home and your belongings with contents, car, and motorcycle insurance, and your family’s future with business, income, life, and health insurance.
Additionally, AAMI is a part of the Suncorp Group, which unites the financial services and goods together from the following brands: AAMI, Suncorp, Shannons, GIO, Bingle, and Apia.
Company URL: https://www.aami.com.au/motorcycle-insurance.html
6. CGU Motorcycle Insurance
CGU is an Australian group insurance Limited member and runs an insurance business with an Australian intermediary (IAG). General Accident plc, Commercial Union plc, and NZI’s parent company combined globally to establish CGU Insurance.
Various insurance types are covered by the agent and broker services offered by CGU Insurance. The company provides business, travel, house, auto, and motorcycle insurance. All around Australia, CGU Insurance serves customers very well.
7. Swann Insurance
Swann Insurance is also one of the best motorcycle insurance providers in Australia. They offer consumers direct access to comprehensive, third-party, and dirt bike coverage. It is part of the group of insurance companies known as Insurance Australia Group (IAG), which is the biggest general insurer in Australia and New Zealand.
More than 200,000 policyholders in Australia are served by Swann, which collaborates with motorcycle dealers and producers to offer coverages that keep riders on the road.
Company URL: https://www.swanninsurance.com.au/home/
8. Shannons Bike Insurance
More than 1,200 automobile and motorcycle enthusiast events are supported annually by Shannons. Shannons is one of Australia’s top providers of motorcycle insurance. It provides free membership to the Shannons Club, Australia’s biggest online motoring enthusiast community.
With features insurance for daily drives, house and goods cover, Shannons insurance products are specifically tailored to the needs of the motoring enthusiast.
Company URL: https://www.shannons.com.au/insurance/motorcycle-insurance/
9. NRMA Motorcycle Insurance
You can protect your motorcycle against theft, attempted theft, tsunami, tsunami damage, earthquake, explosion, collision or crash, fire, flood, storm, vandalism, or malicious act with the help of NRMA Motorcycle Insurance. Additionally, even though they’re not mentioned on your policy, their Comprehensive Insurance protects any authorized rider who uses your motorcycle.
10. GIO
GIO has insured Australians for more than 90 years. It provides three products to suit Australian riders: They provide a 24/7 claims service motorcycle insurance against theft, fire, and third-party property damage.
It is crucial to have Motorcycle insurance for your set of wheels, whether you ride a scooter, a powered sports bike, or anything in between. It provides financial security against various dangers and occurrences, providing the peace of mind you need to hit the road.
Does Insurance cover Bikes?
Yes. If your bike is stolen or damaged due to an issue covered by the policy, bike insurance will replace it at the total value. You can purchase other types of coverage, including replacement bicycle rentals, racing coverage, and spare parts coverage.
Does personal breakdown cover motorcycles?
Regardless of the vehicle, you are driving; Personal breakdown insurance covers you as a registered driver. As a result, you can contact your insurance company and ask for recovery assistance anytime your car or motorcycle breaks down.
Conclusion
Even if you are not obligated to purchase motorcycle insurance, you might only be aware of it once you are involved in an accident and know how expensive repairs can be.
Considering motorcycle insurance as an investment, given the higher risk of accidents when riding a motorcycle with a learner’s permit, is a good idea.
Seeing the 10 Best Motorcycle Insurance for Learners in Australia ensures you get motorcycle insurance as it offers much protection for your motorcycle.
