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Motorcycle Insurance Solved® with Budget Direct

Market or agreed value

Insure your motorcycle for its market value or another amount we agree to.

Towing costs

If your damaged motorcycle is unsafe to ride as a result of the damage, we can pay to have it recovered, towed, and stored.

New motorcycle replacement

If your motorbike is written off within two years of its original registration, we can replace it with a new one, subject to availability in Australia.

Guaranteed repairs

We guarantee the quality of all authorised repairs for as long as you own the motorcycle.

Personal effects cover

We can cover up to $500 worth of damage to personal items that were being worn or stored in a locked compartment of the motorcycle at the time of an incident.

Theft hire car

If your motorcycle is stolen, we can reimburse your compact hire car costs, for up to 14 days or $1,000.

Trailer or sidecar

We can pay for accidental collision damage to your motorcycle’s trailer or sidecar, up to $1,000.

Replacement keys

We can pay up to $1,000 to help replace your stolen key, proximity key, or remote locking device.

Terms, conditions, limits and exclusions apply. For full details, please read the Product Disclosure Statement.

Compare before you buy and choose the motorcycle insurance that's right for you. Not all benefits apply to all levels of cover.

Choose your cover

Provides the same cover as Third Party Property Only, with extra protection against loss or damage to your motorcycle due to fire and theft.

  • Damage to someone else's vehicle
  • Damage to your vehicle (fire & theft only)
  • Hire car following theft
  • New motorcycle replacement

Covers your liability for the accidental damage your motorcycle causes to other people’s property, including their vehicles and homes.

  • Damage to someone else's vehicle
  • Damage to your vehicle
  • Hire car following theft
  • New motorcycle replacement

More reasons to choose us

Optional Extras

Comprehensive customers can choose one or more of our four optional extras, including a hire car following an accident, and cover for their riding gear.

Cooling-off period

If you haven’t made a claim, you can cancel your policy within 21 days of the purchase date and receive a full refund of your premium.

Adjustable excess

Depending on the value of your motorcycle, you may be able to increase your Basic Excess in return for a lower premium.

Flexible payments

You can pay your premium either monthly or annually, by credit card or direct debit from your bank account.

Find out more

The information on this page is a summary only. For more details about Budget Direct motorcycle insurance, including the terms, conditions, limits and exclusions that apply, please read the Product Disclosure Statement (PDS).

How to make a claim

If you need to make a claim, we’re here to help you get back on the road as quickly and smoothly as possible.

Frequently asked questions

What are the different types of motorcycle insurance?

Budget Direct offers three types of motorcycle insurance cover:

  • Comprehensive Motorcycle Insurance covers loss or damage to your motorcycle due to an accident (regardless of who's at fault), severe weather, fire, vandalism, and theft; and your liability for accidental damage your motorcycle causes to other people’s property (e.g. their vehicle or home).

  • Third Party Property Only Motorcycle Insurance covers your liability for accidental damage your motorcycle causes to other people’s property (e.g. their vehicle or home). It does not cover damage to your motorcycle (unless it’s damaged in a no-fault accident with an uninsured driver, and in this case, your motorcycle has limited cover).

  • Third Party Property, Fire and Theft Motorcycle Insurance provides the same protection as Third Party Property Only, plus cover for loss or damage to your motorcycle if it’s stolen or catches fire.

The type of cover you have is shown on your motorcycle insurance certificate.

Compare Budget Direct Motorcycle Insurance

How much can I insure my motorcycle for?

With Budget Direct, you can insure your motorcycle for its market value or, in some cases, for an agreed value.

Market value is the value of the motorcycle at the time of loss or damage, taking into account factors such as the make, model, age, kilometres travelled and overall condition.

Agreed value is the amount we agree to insure your motorcycle for during each 12-month term of insurance. It includes any specified maximum value you have selected for additional accessories or modifications.

The value for which your motorcycle is covered is shown on your insurance certificate.

Can I choose my own repairer?

Comprehensive policyholders can add an optional ‘Choice of repairer’ benefit to their policy. An additional premium may apply. 

If you’ve selected this option, you can nominate your preferred repairer when you lodge your claim.

We’ll ask you to provide us with photos of the damage and a quotation for the repairs, so we can determine whether:

  • the quotation is competitive, and

  • The proposed repair method is satisfactory.

If either of these criteria is not met, we may decide not to authorise the repairs and, instead offer you the option of:

  • having your motorcycle repaired by an alternative repairer chosen by us, or

  • paying you the reasonable cost to satisfactorily repair your motorcycle.

If the motorcycle is unsafe to ride, we will pay the cost to tow the motorcycle to your preferred repairer up to a maximum of 100 kilometres.

Note that, if we authorise your nominated repairer to undertake the repairs, we’ll guarantee the quality of the repairs. However, we’re not responsible for the time it takes to complete them.

Do you guarantee repairs to my motorbike?

Yes — repairs authorised by us are guaranteed for as long as you own the motorcycle. 

What is a motorcycle insurance excess?

A motorcycle insurance excess is the fixed amount you pay towards an at fault claim.

Depending on the circumstances of the incident that led to your claim, you may have to pay more than one excess: your Basic Excess plus any additional excesses that apply.

For example, if someone aged 24 years old causes an accident while riding your motorcycle, you’ll have to pay your Basic Excess (let’s assume it’s $600) plus an additional excess of $500 due to the rider’s age.

It means that, if the damage bill was $3,000, say, you would pay $1,100 and we would pay $1,900.

If you make a claim for damage only to your windshield, you’ll be required to pay a windshield-only excess. 

Your Basic Excess, the additional excesses and windshield-only excess are shown on your insurance certificate.

If you make a claim, we’ll tell you which excesses apply and when and how to pay them.

You won’t have to pay an excess if the accident is deemed a no-fault accident.

Motorcycle insurance knowledge base

~Subject to these Terms and Conditions, the Promoter is giving Eligible Entrants the chance to win one (1) of two (2) Triumph Motorcycles or one (1) of six (6) Triumph Commuter Bags (each a Prize) when they submit the online entry form (max 1 entry per Prize Period), and /or complete a quote and entry form (max 6 entries per Prize Period) and then purchase a new Budget Direct Motorcycle Insurance policy via the quote (10 entries each policy, unlimited for each Prize Period) (Promotion). The Promotion commences at 12:01am AEST on 13 September 2023 ends at 11:59pm AEST on 28 June 2024 (Promotion Period). There will be 2 draws, with the Prizes split between the 2 draws, at 10:30am (AEST): Draw 1 on 28 February 2024 and Draw 2 on 26 July 2024. The winner notified via email within two (2) business days. Entrants may enter both draws. Eligibility and participation criteria apply. The policy must be held continuously for 21 days from the purchase date to qualify. Promotion is not open to customers renewing or varying their existing policies with Budget Direct. Employees and the immediate families of the promoter are ineligible to enter the promotion. See full terms and condition. Promoter: Auto & General Services Pty Ltd (ABN 61 003 617 909), PO Box 342, Toowong QLD 4066.