Motorbike insurance: an effective safeguard against risks on SA roads

Johannesburg - While most South Africans are aware of the undeniable importance of car insurance, the need for motorbike insurance appears to be a point that is not highlighted as often as it is for its four-wheel counterparts. As a result of this, ensuring that a motorbike has sufficient cover might not be top of mind, even though the insurance considerations are similar to those of a car.

“A key part of being a responsible motorbike owner in South Africa,” says Karen Rimmer, Head: Distribution at PSG Insure, “involves selecting the right cover that helps to mitigate the risks that exist on the country’s roads.”

Taking out adequate insurance to offset the cost of damage or loss in the unfortunate event of an accident or theft may be top of mind for some, but it can be surprising to learn that several insurers have now stipulated that tracking devices on motorbikes are a prerequisite for insurance. This requirement has been necessitated by the increase in hijackings across the country, as reported by the South African Police Service.

“Therefore, it is crucial to ensure that your motorbike insured correctly,” explains Rimmer, “and that you are adhering to your insurer’s policy requirements.”

Key considerations when insuring your motorbike

Typically, motorbike owners will need to choose between a comprehensive policy, third-party liability cover or a policy that includes both third-party cover and theft. A number of factors will determine the price of a motorbike insurance premium, including the age of the driver, their claims history, the make and model of the bike, its power-to-weight ratio and how long the driver has had their license.

“It’s important for bikers to bear in mind that even if they have a driver’s license for a conventional motor vehicle, they will still need to apply for and obtain a separate license for their motorbike,” she says.

The correct license is a prerequisite for most insurers, although some providers may allow motorbike owners to take out insurance policies with only their learner’s license. In the case of the latter, the bike owner needs to bear in mind that they will not be able to transport a passenger on their bike, as per South African traffic licensing laws, until they have secured their driver’s license. Furthermore, as is the case with owners of motor vehicles, it is vital that bike owners obey the rules of the road in order to remain compliant with their insurer and prevent claims from being unnecessarily repudiated.

Specify how you intend to use your motorbike

“At application phase,” says Rimmer, “motorbike owners will need to disclose the main purpose of their bike – whether it will be used for personal or commercial purposes or as a competitive racing sport vehicle. Various exclusions may apply in the case of racing drivers.”

Protective gear such as helmets can cost in excess of R15 000, given that the latest biking helmets are integrated with Bluetooth technology and may have built-in sound and communication systems. The cost of replacing such high-tech gear can therefore be quite exorbitant. For this reason, in addition to insuring the vehicle itself, motorbike owners may wish to include cover for their gear as an add-on to their all risk policy. Protective items, as well as things like leather apparel, GPS systems, pannier boxes, spotlights and mounts can also be specified as an add on.

Risk management strategies for bikers

“Effective risk management also involves driving in a safe manner, performing regular safety checks and ensuring that the bike is properly maintained and remains roadworthy,” she says.

Advanced driving courses may provide bikers with a higher level of skill and dexterity on the road. This could be a life-saving factor, particularly during peak traffic seasons such as Easter and other holiday periods, during which a large volume of accidents occurs each year on South African roads. Bikers are also encouraged to wear fluorescent gear and install reflectors on their apparel and bike to maximise their visibility on the road, particularly during the evening.

“An insurance policy can serve as a much-needed safety net in the unfortunate event of an accident or crime-related incident. And as with all forms of insurance, it’s important for riders to talk to their advisers to discuss their personal needs, in an effort to take up a policy that suits their situation best,” concludes Rimmer.