What’s covered by Comprehensive Motorcycle Insurance?
Loss or damage to your motorcycle
Cost of repairing or replacing your motorbike due to collision or crash, vandalism, theft, attempted theft, fire, storm, hail, and flood.
New motorcycle replacement
If your brand new motorcycle is written off within two years of its original registration, we’ll replace it with a new one, subject to availability in Australia.
Damage to other people’s property
Up to $20 million of legal liability cover for the accidental damage your motorcycle causes to other people’s property, including their vehicles.
Replacement and/or recoding of your motorcycle key, remote locking device or proximity key if it’s stolen and not recovered, up to $1,000.
Terms, conditions, limits and exclusions apply. For full details, please read the Product Disclosure Statement.
Frequently asked questions
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.
Does motorcycle insurance cover a hire car?
If you’re a Comprehensive or Third Party Property, Fire and Theft policyholder and your motorcycle is stolen and we pay your claim, we’ll reimburse you the reasonable cost to hire a compact hire car for up to 14 days, up to $1,000.
For an additional premium, Comprehensive policyholders may be able to add an optional ‘Accident hire car’ benefit to their policy.
If we pay your claim, we’ll arrange for a compact hire car for you to use until your bike is repaired or your claim is paid up to 14 days.
You can add this benefit when you get a quote and buy a policy. If you’ve already bought one, you can add it by calling us on 1300 306 560.
Does my cover include a New Motorcycle Replacement?
If you purchased your comprehensively insured motorcycle new or as a demo model from a licenced motor vehicle dealer who was the first registered owner with less than 5,000km at the time of purchase and it becomes a total loss within two years of its original registration, Budget Direct will replace your motorcycle with a new one of the same make, model and specification.
If a new replacement motorcycle is:
- not available in Australia within 90 days, we will pay you the amount it would cost you to replace the motorcycle with a new one of the same, make model and specification, or
- no longer available in Australia, we will pay you the amount you originally paid for the motorcycle.
We’ll also pay the cost of the new motorcycle's first 12 months of registration and compulsory third-party insurance, as well as stamp duty and dealer charges and delivery.
This benefit applies only to motorcycles that had no unrepaired accident or hail damage before we insure them.
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.
~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.