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[QLD] Insurance for first bike, new licensee

Discussion in 'Politics, Laws, Government & Insurance' started by ryangus, Apr 16, 2012.

  1.  
    ryangus

    ryangus Premium Member

    Joined:
    Apr 16, 2012
    Messages:
    59
    Location:
    Scarborough
    Motorbike(s):
    2007 BMW F650GS
    I've finally got my QLD RE license after having my leraners for ~20 years! =D>

    I'm insured with Shannons for my 4x4, but don't meet their (lengthy) criteria for a bike.

    Any suggestions on where to go for insurance?

    BTW, thinking about a BMW F650GS.



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  3.  
    adprom

    adprom Camry Driver Premium Member

    Joined:
    Oct 6, 2010
    Messages:
    1,941
    Location:
    Melbourne
    Motorbike(s):
    2011 Honda CB400
    Generally, QBE or Swann is teh cheapest for that criteria. QBE tends to be the cheapest - but make sure you read the PDS.

    Every now and again another insurer is cheaper though.
  4.  
    DJ666
    Lurking

    DJ666 Premium Member

    Joined:
    Nov 11, 2011
    Messages:
    114
    Location:
    Adelaide, South Australia
    Motorbike(s):
    '12 Kawasaki Ninja 650L
    During my search I myself found that AAMI was the cheapest (for a learner with a brand new 650L) and there PDS seemed pretty good (from a noob point of view someone experienced in reading those things might have found a bit more than me)

    Sent from my GT-I9100T using Tapatalk 2
  5.  
    AussieRobin

    AussieRobin Member

    Joined:
    Feb 16, 2011
    Messages:
    359
    I used QBE on my rides when newly licensed.
  6.  
    NSSherlock
    No Mood

    NSSherlock Premium Member

    Joined:
    Nov 11, 2011
    Messages:
    1,768
    Location:
    South of the Border
    Motorbike(s):
    '94 Kawasaki Zephyr ZR550 B4, Ikon Progressive Fork Springs
    Do you have a car license?
    NRMA will (in NSW anyway) consider the length of time licensed to drive a car. Not sure how that will work in Qld but worth checking.
  7.  
    Tildette

    Tildette Premium Member

    Joined:
    Oct 17, 2011
    Messages:
    275
    Location:
    Brisbane
    Motorbike(s):
    2011 Aprilia RS 125
    Of what I looked at, Swann were my cheapest option by a lot and included years driving (not just riding). But yeah, magnifying glass to the PDSs.
  8.  
    Kangala

    Kangala Premium Member

    Joined:
    Mar 30, 2012
    Messages:
    30
    Location:
    Gold Coast, Australia
    Motorbike(s):
    Honda CBR1000RR
    Try Avea insurance. My 22 yo friend just insured his new cbr1000rr for under $1500.
  9.  
    alan55

    alan55 Member

    Joined:
    Nov 12, 2011
    Messages:
    292
    Location:
    Peterborough, South Australia
    Motorbike(s):
    1999 Honda ST1100ABS
    Six years ago I needed to insure my 1100. I had rating 1 on the car and most insurers I contacted would have still given me a rating 1 on the bike. I was 49 at the time so age wasn't an issue and no other rider to worry about.

    Problem I had with all but one insurer was riding all year around. Some said 'no' straight up, others would but a very high premium.

    The reasoning being that I was seen as a high risk compared to someone who rode only weekends or the warmer months of the year (part time riders).

    Swan insurance didn't have issues with me so that's where I went. On average $35 a month for the last six years at rating 1.
  10.  
    NSSherlock
    No Mood

    NSSherlock Premium Member

    Joined:
    Nov 11, 2011
    Messages:
    1,768
    Location:
    South of the Border
    Motorbike(s):
    '94 Kawasaki Zephyr ZR550 B4, Ikon Progressive Fork Springs
    Insure My Ride will transfer your No Claim Bonus from your 4x4 to your bike. They also include time spent on L's in the total time licensed.
    Shannnons and Insure My Ride are both owned by Suncorp. I'm surprised Shannons didn't point you to Insure My Ride.

    I also have a car insured with Shannons and was going to go with NRMA with one of the quotes I had. Their site wasn't working last night and I went to Insure My Ride to get a quote and found them much cheaper.
    IMR agreed value was much higher. Excess was lower. Gear and personal item cover is optional. I found personal item cover jacked the price up more and didn't include jewelry. I didn't add it but added gear cover.
    You can get an additional 5% off if you do an approved course. I think there's a discount for applying online.

    Conditions with Insure My Ride (off the top of my head, might slightly vary):
    - No suspension or loss of licence in last 5 (I think) years
    - No criminal conviction for things like fraud
    - No more than 3 at fault claims in last 3 years
    - Need to be owner of bike
    • Like Like x 1
  11.  
    hackavatar

    hackavatar Premium Member

    Joined:
    Aug 29, 2010
    Messages:
    323
    Location:
    Brisbane Northside
    Motorbike(s):
    2010 Yamaha YZF-R1
    +1 to this. I'm 20 and got away with a 2010 R1 for $1600.

    Their whole angle is offer cheap insurance to younger riders, they'll probably be a member for life.

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