Join Date: Nov 2012
Location: Vancouver, Canada
I'm not under 21. I'm not even under 31. I've had my bike license for 8 years, full driver's license for 16. I have no accident claims and have a full discount on my rate (which would equate to your no claim bonus and rating).
Are there other things you have to pay on top of insurance to have your bike on the road in Australia? I've heard of things like warrants and such, which we don't really have in bc, canada. Here the insurance is expensive, yes, but that's all there is to it. You register a plate to the bike, which costs 18 bucks, and then buy your insurance coverage (ie, the $1600/yr i quoted), and you're done....go ride.
The 1600/year I pay is for full insurance coverage, as well. ie, $2million in liability coverage (for your person and anyone else you may injure), full comprehensive coverage (vandalism, theft, damage from road debris, etc), and collision coverage (for the bike itself). The only mandatory coverage is the liability. You can opt out of collision and comprehensive and knock about $500 off of that, but you're basically fixing any damage to the bike out of your pocket in that situation, and you're hooped on it if it gets stolen or if you write it off in an at-fault crash.