If you weren't interested in finding out more about motorcycle insurance, you wouldn't be reading this
Talk to riders (we have) and you’ll find loads of reasons why some riders do and others don’t insure their bikes. One thing’s for sure - the more experienced they are, the more likely they are to have insurance.
Could say they’ve learnt from experience or the hard way. Either way, we listened to what they - and a load of other riders - thought about motorcycle insurance, and here’s what we found…
Bike insurance is expensive right?
Wrong.
Consider the impact of not having insurance...
Motorcycles account for 3.0% of all registered vehicles - but riders account for 20% of all serious road injuries.
17-25
year olds are the most likely age group to be involved.1
For car owners, the average claim is around $3,200.
For riders, it’s around $6,500!!!
What’s more, the average bike is worth around one third of the average car.
Riders are nearly 3.5 times more likely to have their bike pinched than a car - and if it happens there’s a 70% chance they’ll never see it again.2
This all helps explain why bike insurance can seem pricey compared to four wheels.
But add up the stats and you’ll see that it’s well worth the money.
Have you had any stacks in the last ten years?
Drop or stack the bike just once (in a medium kind of way - not involving damage to anyone else) and you could have paid for nearly ten years’ comprehensive motorcycle insurance cover.
Here’s some other stuff you should know:
FACT 1. Around 40% of motorcycle crashes don’t involve another vehicle.3
FACT 2. Only one in five registered motorbikes are ridden every work day.4
We found some riders don’t insure… but the smart ones do
You know that riding (and the way you ride) is all about the risk you’re prepared to take. It’s just like taking the decision to insure - the more informed you are, the better position you’re in to make the right choice.
But more than that, you want insurance to be hassle-free.
That’s where InsureMyRide comes in.
1. Australian Transport Safety Bureau
2. Data from National Motor Vehicle Theft Reduction Council and MRA Road Safety & Research Officer 29/05/05
3. Data from rta.nsw.gov.au
4. Australian Bureau of Statistics - environmental issues (4602.0)
