Hi, I'm pretty new here, both in the motorcycle world, in Australia and on NR. Just recently moved here from Sweden. I did my pre-learner course recently and just got my L licence. I'm buying a new CB125 from the shop and I'm now browsing for an insurance. I've been looking around at different companies (mind you, I don't recognise any of these companies since I've only been in OZ for a few weeks) and I've been searching around on NR as well. However, there's one thing that I can't get my head around.... So the bike I'm buying costs $2600. I'm looking at getting either a 3rd party insurance, theft insurance or comprehensive. They seem to be ranging from $180 (and up to $800 for the comprehensive). However, all of them come with a pretty hefty excess, somewhere around the $400 mark. Also, from what I've found by reading the fine print is that they all seem to have an additional excess for "inexperienced riders". These can range from an additional $400 to even as much as additional $800! Some of the companies doesn't explicitly define what that term means, but some of them define it as someone who has held their license for less than one or two years, i.e. me. This means that the excess would be over $1200. Plus the yearly cost of $200-800, I might as well skip the insurance and just get a brand new bike if something happens... Does this make any sense to you guys? Or am I just missing something? There must be a way to insure a cheap bike like the CB125 as a learner rider without having to pay more for the excess than the bike is actually worth, right? Thanks guys! FYI, I'm a male, 27, have had my drivers license since I was 19, just got my L's for riders. Live in Sydney. ps. This should probably be in the "Politics, Laws, Government & Insurance" section but due to being a newbie, I wasn't allowed to post there.