According to SIRA (the State Insurance Regulatory Authority), in the 12 months to June 2023, there were 11,666 motor accident injury claims reported in NSW and $1.14 billion was paid out in benefits and lump sums. That’s $97,760 paid out for every new claim reported.*
The amount of bike accident compensation that you can claim depends on the extent of your injuries, which will be classified as ‘threshold’ (minor) or ‘above threshold’. The following table outlines the difference:
|Physical Injury Classification
|Threshold (soft tissue injuries)
- Muscle strain without tears
- Sore back
|Above threshold (fractures, organ damage)
- Broken arm
- Head or brain injury
- Injuries that require surgery
It’s important to remember that compensation after a bike accident also depends on the extent of your losses (such as lost income). Here’s a summary of bike accident compensation entitlements:
- Income support, medical and home care expenses for up to 12 months**
|Above threshold injury
- Income support, medical and home care expenses that can extend beyond 24 months if there is a claim for damages
- A lump sum for past and future lost income
|Above threshold injury over 10% permanent impairment
- An additional lump sum for pain and suffering
To get an estimate of your bike accident compensation NSW entitlements you can use this compensation calculator.
*Based on SIRA Open Data, July 2023.
**Note: if you were at fault and your accident happened prior to 1 April 2023, your income support, medical, and home care expenses will be limited to six months.