The biggest difference between car and motorbike insurance is that with a car, you have several different levels of cover to choose from when first taking out a policy, whereas with a motorbike there is only one, according to King Price.
For vehicles, owners generally get to choose between comprehensive; third-party, fire, and theft; or just third-party cover regardless of their insurer.
“When it comes to motorbike insurance, on the other hand, there’s usually only one level of cover available on the market and that’s comprehensive motorbike insurance,” said King Price.
The comprehensive option includes coverage for accident damage, theft, hijacking, and liability to other parties following an accident, while certain insurers will also pay for the insured’s medical expenses arising from the incident.
On top of only having one level of protection on offer, comprehensive motorbike insurance is oftentimes more expensive than equivalent car insurance, too.
This is because there’s a vastly higher level of risk associated with two-wheelers as even a minor bump at a low speed can be cause for serious injuries to the rider and damage to the bike, which the insurer will then be liable to pay.
Moreover, certain add-ons that are available on vehicle insurance, such as scratch and dent repair, may not always be offered on motorbike insurance, said King Price.
However, motorbike insurance can bring other extras that are not available to cars, such as cover for the rider’s gear.
Types of insurance
Insurance is now more important than ever in South Africa as the country’s roads as well as many of the vehicles on them are in dire shape, and accidents and fatalities are on the incline every day.
When deciding on what insurance product is right for you, it’s essential to know what you’ll get out of it.
Mainly, there are three types of insurance, each with differing levels of coverage:
- Comprehensive – Covers against damages, theft, hijacking, and accidental damage to another entity’s property
- Third-party, theft, and fire – Covers against theft, hijacking, fires, and accidental damage to another entity’s property
- Third-party – Covers against accidental damage to another entity’s property
Also, keep in mind that bundling policies together at the same insurer may assist in getting as low as possible of a monthly premium.
Keyword: The big difference between car and motorbike insurance