Motorcycle insurance is designed to protect you and your motorcycle financially in the event of an accident, theft, or damage.

Under this type of insurance, there are usually three options (Third Party, Third Party Fire & Theft, and Comprehensive), which offer different levels of cover, including riding apparel cover, windscreen and headlight damage, lost or stolen keys, repair costs, emergency roadside services, and accidental damage.

Although motorcycle insurance isn’t compulsory in New Zealand, it is common and highly important for motorcyclists. 

The statistics provide a compelling story on the rationale for this type of insurance.  In 2022, there were 52 fatal crashes, 496 serious injury crashes, and 703 minor injury crashes involving motorcyclists.

We believe motorcycle insurance is essential, especially when it includes features like roadside assistance. Motorcycles can be one of the most expensive assets you own, sometimes costing thousands of dollars. Even if you consider yourself a skilled rider, you can’t always rely on others to drive responsibly.

In the unfortunate event of an accident where the other driver is at fault and unable to cover the repair costs, you could face a huge financial burden or, worse, the need to replace your motorcycle entirely.

Motorcycle insurance, like car insurance in New Zealand, typically falls into three categories:

1. Third-Party Insurance: This is the most basic level of cover and is generally the most affordable. It only covers damage you cause to other people’s property in the event of an accident. It won’t cover your own bike if it’s damaged or stolen.

2. Third-Party, Fire, and Theft: This option offers the same cover as third-party insurance but also protects your motorcycle against fire and theft, providing an extra layer of security.

3. Comprehensive Insurance: The most extensive type of cover, comprehensive insurance protects you against third-party damage as well as any damage to your own bike, whether caused by accidents, theft, fire, or natural disasters. It also covers medical costs in the event of an accident.

Before selecting a motorcycle policy, it's important to consider your own personal circumstances. For example:

• Motorcycle value: If you own an expensive or new motorcycle, comprehensive insurance may be the best option to fully protect your beloved bike. If your bike is older and less valuable, third-party insurance might be sufficient.

• Riding frequency: If you only ride occasionally, you may want to opt for a more affordable, lower-tier (and less expensive) insurance plan. However, if you use your motorcycle for daily commuting, it’s worth considering comprehensive cover.

• Where you live and ride: If you live in an area with high theft rates or frequent accidents, comprehensive insurance can offer you greater peace of mind.

Once you’ve determined the coverage you need, the next crucial step is to compare insurers and ensure you're getting the best value. That’s where Market Scan from Quashed makes the process effortless.

With just a few clicks, Market Scan lets you compare all the key factors that matter—monthly or yearly premium costs, the excess you'll need to pay when making a claim, and coverage limits or exclusions. Plus, you can explore added perks like roadside assistance, temporary replacement bikes, and protection for personal gear and accessories.

Save time, make smarter decisions, and find the right cover that fits your needs and budget—all in one place.

Below are some common factors used in the industry that play a part in determining your premium:

• Your coverage: Whether it’s Third Party, Third Party Fire & Theft, or Comprehensive cover makes a big difference, as each offers different levels of protection. Whether the motorcycle is insured for an agreed value or market value will also impact the premium. The more protection you opt for, the higher the cost.

• Your age and riding experience: Younger, less experienced riders are statistically more likely to get into accidents, so the premium increases to account for this.

• Your riding history: Recent accidents or any violations, such as speeding or drink-driving, will affect the price you pay. A clean riding history will typically get you the lowest premium possible.

• Your address: The number of accidents or claims in your area, along with repair costs, also affects the price. Insurers may adjust the premium based on where you park your motorcycle. If you park in a secure garage, your bike is