There are 2 types of insurance which you can buy for your motorcycle and this applies to every country. The first one is the third party insurance and the second one is the comprehensive motorcycle insurance. The third party insurance is mandatory in most of the countries around the world, as well as in the city of Hong Kong.
If you plan to buy a motorcycle in Hong Kong you must buy the third party insurance before you can take it on the road.
Here is an example of how much Harley Davidson XL 883 N insurance may cost in Hong Kong:
(The price is estimated and changes depending on the insurance company)
|The Premium after 30% NCD : HKD 1,040.86|
M.I.B. 3.00% : HKD 31.23
Premium Levy* 0.0850% : HKD 0.88
Total Premium : HKD 1,072.97
From the 1rst January 2018 onwards, a levy (termed as “Premium Levy”) collected by the Insurance Authority has been imposed on relevant policy at the applicable rate under Insurance (Levy) Order and Insurance (Levy) Regulation and would be remitted in accordance with the prescribed arrangements. For further information, please visit https://www.ia.org.hk/.
|Own Damage Excess : Not Applicable Usage Excess : Not Applicable Third Party Property : HKD 3,000.00 Theft Excess : Not Applicable |
|Core Benefits||Limits (Up to)|
|Third Party Bodily InjuryThird Party Property Damage||HKD 100,000,000.00 per Accident HKD 750,000.00 per Accident|
|Optional Benefits||Limits (Up to)|
|Medical Expenses for You / Your Authorized Driver and passenger(s) Personal Accident for Main / Named Driver||Not Covered Not Covered|
This blog post is published with the help of navigator-insurance.com/. Navigator insurance brokers offer insurance services in Hong kong. If you wish to buy your motorcycle insurance, car insurance, house insurance, travel insurance or health insurance in Hong kong fill out the form below.