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  1. #1
    Big Member Colonel's Avatar
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    A question for the Aussies - Insurance?

    Hi there,

    I have done a search of the site, and haven't been able to find any great detail on insuring bikes over here in Australia. I would love to know from the Aussies out there:

    1. Do you insure your bike?

    2. If so, though whom?

    3. How much?

    I am in the process of saving for my first "decent" road bike, and my darling wife is terrified that I will loose / destroy / have my new ride stolen unless it is insured. I am looking at a $4500 package (bike, accessories, clothing, cycle computer/HRM) so it does make sense to insure it. Any feedback would be greatly appreciated. Thanks in advance........
    Our greatest glory consists not in never falling, but in rising every time we fall - Confucius

  2. #2
    Every lane is a bike lane Chris L's Avatar
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    I already have third-party insurance through my membership of Bicycle Queensland. I'm actually looking at getting some insurance for my bike myself, having recently had one stolen. I have heard that some policies will only cover your bike if it's stolen from home, so I'm being a little hesitant at the moment (that, and the fact that I'm a notorious procrastinator).
    "I am never going to flirt with idleness again" - Roy Keane
    "We invite everyone to question the entire culture we take for granted." - Manic Street Preachers.
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  3. #3
    Big Member Colonel's Avatar
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    Chris,

    I will be looking at joining a club or Bicycle NSW soonish (the third party is a great idea - I would certainly cause some damage if I hit someone at speed - a little bigger than the average bear!) As for the other insurance, let me know how you go if you manage to get enthused about it at all. I found one through the Bicycle NSW guys and Safeguard Bicycle insurance, quoting:

    Sum insured:
    Up to $2000 - $200
    Up to $4000 - $381
    Up to $5000 - $472
    Our greatest glory consists not in never falling, but in rising every time we fall - Confucius

  4. #4
    Every lane is a bike lane Chris L's Avatar
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    Now that I might look into.
    "I am never going to flirt with idleness again" - Roy Keane
    "We invite everyone to question the entire culture we take for granted." - Manic Street Preachers.
    My blog.
    My bike tours. Japan tour page under construction.

  5. #5
    Up there! AdrianB's Avatar
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    Hey there

    Our two bikes are insured as part of the home policy. It worked out at a few hundred dollars on top of the premium but it includes coverage anywhere in Australia. I can provide more details if you require...

  6. #6
    Big Member Colonel's Avatar
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    AdrianB,

    Thanks for the reply - I checked into our home insurance policy and found that they only insure for it when it is actually in the house - not when you are out and about. I did manage to find another link that seems more promising:

    Cycle Cover Insurance

    For my bike, I would be looking at around $232.50 annually - much better than $381 through the other crowd.

    I reckon at the moment, between this and the third party I will be covered for with a Bicycle NSW membership, I should be sorted. I don't mind paying a little for a lot of peace of mind.

    Colonel
    Our greatest glory consists not in never falling, but in rising every time we fall - Confucius

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