MOTORCYCLE INSURANCE IN VICTORIA

Laws surrounding bike insurance in Victoria can vary from other states. Wondering about the ins and outs of motorcycle insurance in Victoria? Wanting to insure a motorbike in VIC but seeking more information first? Read on!

Do you need insurance for a motorcycle in Victoria? Victoria’s laws require that every driver or rider on Australian roads must have Compulsory Third Party motorbike insurance (also known as CTP insurance or ‘green-slip’). Compulsory third party (CTP) insurance in Victoria covers your liability and the liability of anyone else who drives your vehicle, for injuries caused to others in a motor vehicle or Motorcycle accident.

Including this cover into every rider’s registration in Victoria provides a safeguard to injured parties, making sure they always receive the necessary compensation regardless of the rider’s financial situation while simultaneously protecting riders from expensive legal and medical costs that arise from accidents on the Australian roads.

Compulsory Third Party motorbike insurance in Victoria, WA, TAS, and the NT is automatically included in your registration fees however in SA, NSW, ACT and QLD you have the option of choosing an Insurer.

Victorian riders need to note that Compulsory Third Party motorbike insurance or Green-Slip does not cover any damage to your vehicle following an accident. To cover against damage to your Motorcycle you would need to purchase a Motorcycle insurance policy. If you want insurance for a motorcycle, depending of the level of protection you are seeking, there are options that will suit your needs – here is a quick guide of coverage options for motorbike insurance in Victoria, through Swann Insurance.

Our Comprehensive bike insurance will cover your Motorcycle if it is accidentally damaged, stolen or burnt anywhere in Australia. Comprehensive motorbike insurance in Victoria and Melbourne will also cover you for your liability to pay compensation for loss or damage to someone else’s property as a result of an accident anywhere in Australia.

Third Party Fire & Theft insurance motorcycle insurance in Victoria will cover your bike if it’s damaged by fire or stolen. Third party insurance for Victoria policy holders also covers you for your liability to pay compensation for loss or damage to someone else’s property as a result of an accident anywhere in Australia.

Third Party Liability motorbike insurance in Victoria will cover you for your liability to pay compensation for loss or damage to someone else’s property as a result of an accident anywhere in Australia.

Dirt Bike Cover is for unregistered or registered for recreational use Motorcycles only. This will cover you for fire, theft and 50% of the market value of your Motorcycle for accidental damage.

If you are still unsure about Motorcycle Insurance cover options in Victoria, or other states (NSW, ACT, QLD, SA, WA, TAS, or the NT), please contact us on 13 RIDE and chat with one of our friendly team members. Ready to purchase Motorcycle Insurance in Victoria? Swann Insurance offers options ranging from Third Party Bike Insurance to Comprehensive Motorbike Insurance. Get in touch or get a quick quote online now.

FAQS

Is insurance compulsory in Victoria?

Yes. If you drive a car or ride a motorcycle in Victoria, you need to have insurance before you can legally drive or ride. The level of insurance cover needed as a minimum is the same for everyone, known as compulsory third party or CTP.

CTP covers you for any injuries to other road users, such as drivers, cyclists or pedestrians, if you are involved in an accident, but it does not cover you for damage to your or another person’s property, such as a vehicle. CTP is part of your registration and is paid for when you register a motorcycle or car.

Whilst CTP is the minimum level of insurance cover required in Victoria, it is advisable to obtain a higher level of cover in order to protect you in case of an accident.

To find out more about motorcycle insurance, check out Swann Insurance’s motorcycle policy options and flexible cover, and then get a quick quote.

[As at 24/09/2020]

Is third party insurance compulsory in Victoria?

Yes. Compulsory third party (CTP) insurance is part of your vehicle or motorcycle registration, so it is paid for when you register a car or motorcycle. Conversely, if your registration lapses, so does your CTP insurance, which means you can be fined if you continue to use your motorcycle without it being registered or insured.

CTP insurance is different to third party liability motorcycle insurance, as the former is related to injuries to people, whereas the latter is related to damage to another person’s vehicle or property.

To find out more about motorcycle insurance, check out Swann Insurance’s motorcycle policy options and flexible cover, and get a quick quote.

[As at 24/09/2020]

What is the cost of third party insurance in Victoria?

Compulsory third party (CTP) insurance is automatically part of your vehicle or motorcycle registration and is administered by the Transport Accident Commission or TAC. The cost is determined according to several factors such as your postcode, your motorcycle’s engine capacity (CC), and the registered owner.

The registration fee consists of two parts: the fee for registering the motorcycle; and the Transport Accident Commission (TAC) charge, which helps to fund treatment and income support for people who have been involved in road accidents.

If you’re looking for more protection on the road than CTP: find out more about motorcycle insurance, check out Swann Insurance’s motorcycle policies and flexible cover, and then get a quick quote.

[As at 24/09/2020]

What is included in Compulsory Third Party insurance in Victoria?

Compulsory third party (CTP) insurance covers you for injuries caused to other road users. In Victoria CTP is not fault based, therefore even if you are deemed at fault in an accident, you are still able to claim compensation if you are injured. Third party liability motorcycle insurance, on the other hand, covers you against damage caused to another road user’s vehicle or property.

To find out more about motorcycle insurance, check out Swann Insurance’s motorcycle policy options and flexible cover, and then get a quick quote.

[As at 24/09/2020]

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