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Motorbike Insurance for Luxury Bikes

Learn more about your insurance options to protect your luxury big bikes.

What Is Motorbike Insurance For Luxury Bikes?

You’ve got a big bike, but that doesn’t mean you don’t ride safely. Your luxury motorbike is irreplaceable. It’s your pride and joy. You pamper it, keep it up to date, and give it the best care, so it’s only natural that you want to protect it against any unwanted situations. Besides, big bikes also require compulsory motorbike insurance, also known as “Pr Ror Bor,” which is mandated by Thai law for all motor vehicles. Fortunately, there are several insurance companies in Thailand offering motorbike insurance for big and luxury bikes.

Whether you’re using your bike to simply beat the traffic on the way home or to give you an adrenaline rush, motorbike insurance for luxury bikes will provide all the needed protection. It ensures that your relationship with your bike never has to come to an end.

Key Points

  • A big bike is a motorbike that is significantly larger than the standard.
  • In Thailand, the most suitable insurance for luxury motorbike is Type 1 Motorbike Insurance.
  • Due to the higher chances of road accidents and expensive repair costs of big bikes, motorbike insurance designed for them is usually more expensive with lower coverage.

What Are the Different Categories of Luxury Motorbike?

A big bike is a motorbike that is significantly larger than the standard. It could have a capacity of more than 250 CC. Most big bikes are expensive. Thus, they are considered luxury motorbikes.

Below are the different categories of big bikes according to the engine:

  • Chopper bike is a vehicle with a large and resonant engine that sounds like a helicopter.
  • Sports bike is a vehicle designed to compete in a stable way, with better performance and suspension than most large bikes.
  • Naked bike is originally a sports bike with the fairing removed and the wiring tidied up to show off the engine. However, these days, naked bikes tend to be designed that way from the off (not modified). They usually feature a de-tuned engine as well.
  • Touring bike is a type of bike designed for those who want to ride and travel long distances. It can also be used to run on rugged roads.

What Is the Most Suitable Insurance For Luxury Motorbike?

In Thailand, the most suitable insurance for luxury motorbike is Type 1 Motorbike Insurance. There is numerous Type 1 Motorbike Insurance designed specifically for big bikes in the country. It offers comprehensive protection for you and your bike. The cost for Type 1 motorbike insurance for big bikes is not different from car insurance. You can expect to pay at least 15,000 THB a year.

Due to the higher chances of road accidents and expensive repair costs of big bikes, motorbike insurance designed for them is usually more expensive with lower coverage.

In certain cases, you may be able to get Type 2+ and 3+ motorbike insurance for your big bike. However, the insurance fees are higher than for normal motorbikes.

Whether you’re using your bike to simply beat the traffic on the way home or to give you an adrenaline rush, motorbike insurance for luxury bikes will provide all the needed protection.

How Do You Choose the Best Type of Motorbike Insurance for Your Luxury Big Bike?

When choosing motorbike insurance for your big bike, keep the following considerations in mind.

For those who are learning to drive for the first time
If you’ve just purchased a new big bike and are planning to learn to ride or are still learning to ride, we suggest getting Type 1 big bike insurance because it has the highest coverage to offer. You’ll be covered in any accident with or without any other parties involved.

For motorbikes that aren’t frequently
It’s recommended that you get Type 2+ motorbike insurance for your big bike if you don’t use it frequently. No using your bike frequently means lower risk of accident. However, the big bike is still vulnerable to theft or fire. As a consequence, opt for a policy with a lower premium like type 2+ motorbike insurance.

For big bikes that are used for regular ride on city roads
If you mainly use your bike to ride on city roads, such as on a congested route when going to work, there’s a possibility that you’ll get in an accident. In fact, crashing or getting hit and run is common. For peace of mind, we suggest you to purchase Type 1 Big Bike insurance since it ensures complete coverage for both damages to third parties and damage to your own bike.

For bikes that are used to travel to other provinces
You may come across an animal running up the street, people crossing the street, or other obstacles if you are a biker that often rides big bikes out of the provinces. Besides obstacles, you may also have to ride on rough roads, which increase the likelihood of accidents. For these reasons, it’s advisable that you purchase Type 1 Big Bike insurance to ensure complete coverage.

What Does Motorbike Insurance for Luxury Bikes Cover?

Depending on the specific type of motorbike insurance you get and the insurance company, the coverage offered varies. For Type 1 motorbike insurance for big bikes, the coverage offered may include:

  • Protection against motorbike damage such as damage to the motorbike in the event of a non-collision. Damage to the motorbike due to falling, slipping, or colliding with an obstacle, as well as motorbike damage due to a collision with a land vehicle, are also covered.
  • Protection against a loss of motorbike due to a crime, theft, robbery, or embezzlement.
  • Protection of a fire or a natural disaster that damages the bike, such as a flood.
  • Protection of the life and property of third parties.

The insurance might also cover the following:

  • Medical treatment cover.
  • Personal accident cover.
  • Bail bond cover.

Motorbike insurance for luxury bikes ensures that your relationship with your bike never has to come to an end.

Is My Motorbike Qualified For Motorbike Insurance For Luxury Bikes?

Below are some of the conditions for motorbike insurance for luxury bikes:

  • Motorbikes with a displacement of more than 250 CC or 400 CC.
  • Harley Davidson, BMW, Ducati, Triumph, and Kawasaki are examples of vehicle brands that can be insured.
  • The bike must be for personal use only. It shouldn’t be used for hire, research, leasing, or a test drive.
  • The bike must have a maximum age of ten years.
  • This insurance is not valid for motorbikes that have been modified or manufactured by a company other than the manufacturer.

What to Consider Before Purchasing Motorbike Insurance for Luxury Bikes?

Before you purchase motorbike insurance for your luxury bike, there are several things you need to consider. Here are some of the things you must consider:

Coverage For Additional Equipment and Accessories
In most cases, additional equipment and accessories are not covered by the policy. However, you may be able to purchase optional extras for a small fee.

Know What Dealer and Garage Coverage Mean
When purchasing Type 1 Motorbike Insurance for Big Bikes, you usually have to choose between Dealer or Garage Coverage.

  • Dealer coverage – if you have a dealer motorcycle in your insurance policy and you, for example, drive a Ducati, you can take it to the Ducati Dealer to get repaired if you get into an accident.
  • Garage coverage – with this type of coverage, you will need to go to a normal contacted garage to repair your motorbike.

Coverage Start Date
You’re usually covered straight away with motorbike insurance. This means that if your coverage start date is today, your accidents will be covered immediately.

No-Claim Bonus
For Type 1 Motorbike Insurance, you usually can get a no-claim bonus. This means that you will get around a 20% bonus every year you don’t make any claims on your policy.