AAMI Motorcycle Comprehensive Insurance Policy
About excesses, ratings and benefits
About excesses, ratings and benefits
Excesses
An excess on your policy is the amount you have to pay towards each claim. If your claim is for more than one occurrence, the excess(es) applicable to each occurrence will be payable.
The excesses that apply to your policy are shown on your insurance schedule and updated on your renewal notice. They are also described in our AAMI Comprehensive Motorcycle Insurance - Premium, Excesses & Claims Guide. Click here to access the Guide. When you make a claim we may require you to pay the excess(es) before we make any payment or provide you with any policy benefits, or we may deduct the excess(es) from any payment we make. We will tell you when and how the excess(es) are to be paid or deducted.
The types of excesses are:
| Standard | This is the basic excess you must contribute towards each claim. |
| Flexi-premium® | By choosing a Flexi-Premium excess you pay a lower premium by increasing your policy's excess. A Flexi-Premium excess is additional to your standard excess. Please visit aami.com.au or call us on 13 22 44 if you would like to take up or change a Flexi-Premium excess. |
| Age | This excess is additional to any other excesses if your bike was being ridden by a person in the age ranges specified on the most recent of your insurance schedule and renewal notice. |
| Additional | This excess may be imposed in special circumstances, for example on high performance bikes. It is payable in addition to any other excesses. |
| Inexperienced rider | This excess is additional to any other excesses if your bike was being ridden by a person to whom an age excess does not apply, but who has held a motorcycle licence for less than two years. |
Will you have to pay any excess?
| What happened? | Will you have to pay any excess? | |
| An accident or event that was your fault. | Yes | |
| An accident or event that wasn't your fault | and you can give us the name and address of the person who was at fault or the registration number of their vehicle. | No |
| but you can't give us the name and address of the person who was at fault or the registration number of their vehicle. | Yes, because we won't have the opportunity to recover the cost of the damage to your bike. | |
|
The bike was stolen. Your bike was damaged: while it was parked. |
Yes, because we won't have the opportunity to recover the cost of the damage to your bike. |
Ratings - the better your safe riding record, the lower your rating, the higher the discount on your bike insurance premium
Ratings are a measure of your safe riding status and are used to provide you with a discount on your bike insurance premium. The better your safe riding record, the lower your rating. For example, a rating three indicates a better safe riding record than a rating six. The lower your rating, the higher the discount on your bike insurance premium. Providing no claim that negatively affects your rating is made on your policy, your rating goes down one level each year until it reaches rating one.
Will your rating be affected by your claim?
| What happened? | Will your rating be reduced? | |
| An accident or event that was your fault. |
Yes No, if you are an AAMI Lifetime Rating One policyholder or if you have purchased AAMI Rating Protection. More information on AAMI Rating Protection can be found further down this page. |
|
An accident or event that:wasn't your fault and is not listed below |
and you can give us the name and address of the person who was at fault or the registration number of their vehicle. | No |
| but you can't give us the name and address of the person who was at fault or the registration number of their vehicle. |
Yes, because we won't have the opportunity to recover the cost of the damage to your bike. No, if you are an AAMI Lifetime Rating One policyholder or if you have purchased AAMI Rating Protection. More information on AAMI Rating Protection can be found further down this page. |
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Your bike was stolen. Your bike was damaged: while it was parked. |
No |
AAMI provides these premium related benefits
| How is this benefit obtained? | What/who does it cover? | What is the benefit? | |
| Lifetime Rating One | When you have been an AAMI Rating One policyholder for one year without any at fault claims, we recognise your good riding record by awarding you AAMI Lifetime status. | Bikes insured in your name under AAMI policies to which we have awarded AAMI Lifetime Rating One status. | AAMI Lifetime Rating One is protected for life, regardless of who was at fault in any claim you may make on this policy. |
| Same Rating - spouse or partner | By insuring your spouse or partner's bike with AAMI. | Your spouse or partner living with you. | When your bike is insured with us, we'll insure your spouse or partner's bike at the same rating up to a maximum of Lifetime Rating One. Your spouse or partner has to be living with you. Our normal insurance acceptance conditions apply to the rider and the bike. |
| Family Rating - your children | By having your children insure their bikes for comprehensive cover with AAMI. | Your children, provided your bike is comprehensively insured with AAMI. |
When your children insure their bikes for comprehensive cover with AAMI, we give them a rating for each year they've been riding claim free plus one additional claim free year. Our normal insurance acceptance conditions apply to the rider and the bike. Click here for more information on the AAMI Skilled Drivers course. |
| Earned Rating - new policyholder | By switching your bike insurance to AAMI. | You or your spouse or partner living with you. | When you switch your bike insurance to AAMI, we'll welcome you with the rating you would have earned had you always been comprehensively insured with AAMI. |
| Earned Rating - third party to comprehensive | By switching from third party property damage to AAMI comprehensive bike insurance. | You. | When you switch from third party to AAMI comprehensive bike insurance, we'll welcome you with the rating you would have earned had you always been comprehensively insured with AAMI. |
| AAMI Rating Protection | By paying an extra amount when you pay your premium. |
You or your spouse or partner living with you. This benefit is not available to some policyholders. Please call us on 13 22 44. |
Your rating is protected for one at fault claim during the period of cover. |
AAMI Safe Rider Rewards™ and Status
As you progress through the AAMI rating system, AAMI monitors your safe riding status.
If you have completed the AAMI Skilled Drivers course, your status is Silver.
If you have achieved Rating One, your status is Gold and remains so provided you complete the next two years without making any at fault claims.
After the first of those two consecutive years, you become an AAMI Lifetime Rating One rider. More information on 'Lifetime Rating One' can be found further down this page.
After the second of those two consecutive years, your status changes to Platinum.
When you have not made any at fault claims in consecutive following years, we reward your safe riding progressively with additional benefits, as shown in the table further down this page.
The benefits reward the particular number of years you have accumulated at the end of a period of cover and are awarded when you renew this policy. Apart from the AAMI Skilled Drivers Discount, they are retained for as long as you continue to ride without making any at fault claims.
For example, when you renew this policy after completing the following number of consecutive years - without making any at fault claims - after achieving Gold status:
two, you receive the Earned Safe Rider Discount;
four, you receive the Earned Excess Credit and you retain your Earned Safe Rider Discount;
six, you receive the Earned Discount Hire Car Benefit and you retain both your Earned Safe Rider Discount and your Earned Excess Credit.
| The reward is obtained by completing: | What is the reward? | Safe Rider Status | |
| AAMI Skilled Drivers Discount | The AAMI Skilled Drivers course as an under 25-year-old. | A Skilled Drivers Discount on your next policy premium, until you turn 25. | Silver |
| AAMI Rating One |
The number of years we require you to have:
held your bike rider's licence, and/or |
A Rating One discount on your next policy premium. | Gold |
| AAMI Lifetime Rating One | One year as an AAMI Rating One policyholder without making any at fault claims. More information on 'Lifetime Rating One' can be found further down this page. | AAMI Lifetime Rating One is protected for life, regardless of who was at fault in any claim you may make on this policy. | Gold |
| Earned Safe Rider Discount | Two consecutive years on Gold status without making any at fault claims. | A discount on your policy premium. | Platinum |
| Earned Excess Credit | Two consecutive years on Platinum status without making any at fault claims. | Your standard excess will be discounted if you make a claim. | Ruby |
| Earned Discount Hire Car Benefit | Two consecutive years on Ruby status without making any at fault claims. | The Discount Hire Car Benefit for no extra premium. Click here for more information. | Sapphire |
| Earned Safe Rider Rewards Protection | Two consecutive years on Sapphire status without making any at fault claims. | Your earned Safe Rider Rewards are protected for one at fault claim during a period of cover. | Diamond |
The rewards you have qualified for at the end of a period of cover:
are available to you during the following period of cover upon renewal of your policy, and
will remain available to you provided you complete each subsequent period of cover without making any at fault claims, apart from the AAMI Skilled Drivers Discount if you are 25 years or older. See also 'Diamond Safe Rider status' above.
If you are a:
Platinum, Ruby or Sapphire Safe Rider status and you make one or more at fault claims on your policy during a period of cover, your Safe Rider Rewards status will need to be re-earned from when you next renew your policy.
Diamond Safe Rider status, your status is protected for one at fault claim during a period of cover.
Any AAMI Safe Rider Rewards you have earned on this policy will be shown on the most recent of your insurance schedule and your renewal notice.