- Motorcycle Insurance 2022

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 brand-new motorcycle is written off within two years of its original registration, we can replace it with a new one (or pay you the amount you originally paid for it if a replacement isn’t available 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 effects in the bike’s compartment.

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.

Award-winning Australian motorcycle insurance

The Annual Awards highlight products and services that have been well regarded by the ProductReview community.

These awards are judged independently and impartially by the ProductReview Data & Content Team. The winners represent the best and most reliable purchasing choices available to Australian consumers in 2021 - and we have been named as the best choice for motorcycle insurance. - Motorcycle Insurance 2022

Frequently asked questions

Which types of motorcycles does Budget Direct insure?

We insure a wide range of on-road and off-road motorcycles against accidental loss or damage, namely:

  • road bikes
  • scooters
  • cruisers
  • enduro motorbikes
  • sports bikes
  • dual-sport motorcycles.
Do you insure motorcycles used for business?

No — Budget Direct does not insure motorbikes used for business of any kind, including:

  • carrying passengers for payment
  • carrying or delivering other people’s goods for payment, whether as a contractor or otherwise (e.g. parcel or food delivery)
  • riding tuition for payment
  • hiring the motorcycle to other people.

We cover only motorbikes used privately, including for commuting to and from your home and regular place of work.

Does motorcycle insurance cover modifications?

Budget Direct covers all aftermarket modifications to your comprehensively insured motorcycle, except:

  • custom paintwork (excluding decals/stickers)
  • ECU (electronic control unit) remap or upgrade
  • frame or subframes
  • nitrous oxide kit
  • turbo or supercharged.

If your aftermarket modification is not listed and you’re unsure whether we’ll cover it, contact us and we’ll let you know.

When getting a quote and buying insurance, you’ll need to tell us about any modifications and accessories.

This will ensure you know what your policy does and does not cover.  

Which riders must be listed on my policy?

You must list any household members (including learner, provisional and occasional riders) who may ride the motorcycle. Unlisted household members will not be covered. 

Any non-household members who ride the bike are automatically covered. If you list them on your policy, you’ll avoid having to pay the unlisted rider excess (other excesses may apply). 

If I make an insurance claim, what will my excess be?

Unless you or another rider of your motorcycle have a no-fault accident, you’ll be required to pay:

  • your Basic Excess 

….as well as any additional excesses that apply, namely:

  • rider is under 24 years of age inclusive
  • rider has not held an open Australian motorcycle licence for 2 or more years
  • rider is not listed on your insurance certificate.

The dollar amounts of your Basic Excess and the additional excesses are shown on your insurance certificate.

Motorcycle insurance knowledge base