Although it may seem complicated, finding the best motorcycle insurance for Australian beginners is a legal requirement and a wise move for motorcyclists.
Fortunately, the top motorcycle insurance providers might provide cost-effective coverage options with broad coverage to keep you safe while driving.
The Guides Auto Team has investigated Australia’s top motorbike insurance companies to see which coverage options stand out from the competition.
Our specialists selected the best choices for outstanding and affordable motorcycle insurance, focusing on the typical costs, coverage specifics, reputation, and customer experience of each company.
List of the Top 10 best motorcycle insurance for learners in Australia
- Honda Motorcycle Insurance Geico
Geico motorcycle insurance is well-liked for having some of the lowest rates in the market and a wide range of decent coverage options.
The business satisfies motorbike riders with its affordable prices and various discount options.
Geico is the second-largest insurer in the nation.
The business has a stellar reputation in the sector and a Better Business Bureau rating of A+ (BBB).
The fact that Geico has an A++ financial strength grade from AM Best demonstrates its capacity to pay out claims to policyholders consistently.
- Insurance for motorcycles, Progressive
It’s understandable why Progressive is the most widely used motorbike insurance provider in the nation.
Because of the company’s wide range of coverage options and willingness to insure high-risk riders, Progressive motorcycle insurance is a desirable and affordable choice.
Industry authorities highly regard the business, and clients benefit from the company’s A+ financial strength rating from AM Best.
This favorable rating shows that the organization has the resources necessary to meet its claim commitments.
- Motorcycle Insurance from State Farm
Despite being the biggest insurer in the nation, State Farm keeps a small-town feel.
You’ll benefit from the chance to discover excellent protection from your neighborhood State Farm motorbike insurance agent because agents are dispersed throughout the United States.
State Farm is well-known in the sector and has an A+ rating from the BBB.
The supplier has an AM Best financial strength grade of A++.
- Motorcycle Insurance in Dairyland
Dairyland provides some of the best motorcycle insurance for high-risk riders because it is renowned for giving customers with poor driving histories affordable rates.
However, Dairyland motorcycle insurance is only offered in some places, so you must ensure it is offered in your state before requesting a quotation.
Compared to the companies listed above, Dairyland is significantly less well-known, yet it has received an A+ rating from the BBB and an A+ financial strength rating from AM Best.
- Motorcycle Insurance Erie
Although Erie Insurance doesn’t have a ton of motorcycle coverage alternatives, the firm is renowned for its outstanding customer service and competitive rates.
However, its coverage is minimal, and its plans are unavailable in areas with large populations, such as Florida, Texas, and California.
Erie enjoys a different amount of recognition in the industry than many other bigger top suppliers because it is a smaller motorcycle insurance provider.
Only the following states and the District of Columbia offer coverage: Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wisconsin.
The BBB and AM Best have given Erie an A+ grade for ethical corporate conduct and financial stability.
- For new riders, Harley-Davidson is the best choice.
Harley-Davidson specializes in motorcycle insurance and related products like parts, bike loans, and planned maintenance insurance.
New riders can save even more money by combining these products and services with the company’s motorcycle safety instruction discount.
Only Progressive comes close to matching the company’s selection of insured motorcycle kinds and discounts.
- Favorite among Track Riders: First
First and foremost, Farmers Insurance offers many of the same coverages but with an improved online user experience and more affordable prices for its insurance products.
You can mix the company’s Saver, Plus, and Elite coverage packages to suit your needs.
All three insurances provide different levels of coverage for protective gear, including helmets and clothes, as well as first-accident forgiveness.
Roadside assistance with towing and trip interruption are all included in the Plus and Elite programs, as well as coverage for track days and replacement costs.
For permissive use, the Elite plan offers enhanced rental advantages and a falling deductible (letting others ride your bike).
- Markel offers the best insurance for mechanical failure.
Markel stands out for its accident forgiveness and declining deductible programs (get 25% off every year and pay nothing after four years), which also provide you the choice to have your first at-fault loss covered after four accident-free years.
Along with the standard motorcycle coverage options like accident, comprehensive, and medical payments offered by the majority of larger insurers, the group also offers a few unique extras.
Additional benefits and add-ons include an agreed-value settlement for custom motorcycles that covers technical problems, trailers, and burial expenses brought on by a motorcycle accident.
- The best motorcycle collections are found nationally.
Nationwide offers among the largest coverage levels and free yearly policy reviews.
Only it and Progressive offer uninsured/underinsured motorist coverage of $500,000 per person per accident and bodily injury liability.
The disappearing or declining deductible feature available with Nationwide’s collision and comprehensive insurance allows your deductible to drop by $100 for each year you go without filing a claim, up to a maximum of $500.
Other insurance providers offer coverage for trikes and bikes with custom designs (three-wheeled motorcycles),
- The best brand for handmade and kit bikes is Safeco.
The Liberty Mutual company Safeco provides coverage for custom and kit bikes in addition to the standard insurance options for a range of motorcycle models.
Its comprehensive collision coverage options also feature guaranteed factory parts repair and roadside assistance.
In addition to these advantages, Safeco offers additional coverage options and restricted savings.
For instance, the Harley Davidson Replacement Cost Provision reimburses you for Harley’s actual cash value in case of a whole loss incident. The Safety Apparel Coverage covers the cost of replacing your safety gear.
Are bikes covered by insurance?
Bikes are only partially covered as personal items under homeowner’s insurance.
To increase the coverage for your bike, you can plan an endorsement to your policy.
Does personal breakdown cover motorcycles?
If you have personal insurance, you are already insured as a driver or passenger in any vehicle, including your motorcycle (as long as it has a displacement of more than 49cc).
What should I do if my motorcycle malfunctions while I’m driving?
Also Read: 10 Best Travel Insurance for International Travel
Conclusion
We discussed the top motorbike insurance providers in this research.
We discussed the motorcycle insurance policies offered by Geico, Progressive, State Farm, Erie, Harley-Davidson, Foremost, Markel, Nationwide, Safeco, and Dairyland.
Check your alternatives to determine which provider is best for you.