What's covered by third party motorcycle insurance?
| Benefit | Third Party Property Only | Third Party Property, Fire and Theft |
|---|---|---|
| Collision damage to other people's property | Up to $20 million including GST, (less applicable expenses) | Up to $20 million including GST, (less applicable expenses) |
| Legal costs | Yes | Yes |
| Damage caused by uninsured motorist | Up to your bike's market value or $5,000 (whichever is the lesser) | Up to your bike's market value or $5,000 (whichever is the lesser) |
| Fire | No | Yes |
| Theft | No | Yes |
| Towing | No | Fire and theft only |
| Hire car following theft | No | Until your bike is returned or repaired, or up to 14 days (limit of $1,000) |
| Quote Now | Quote Now |
Terms, conditions, limits and exclusions apply. For full details, please read the Product Disclosure Statement.
(Third party property insurance, which is not mandatory, should not be confused with compulsory third party (CTP) insurance.)
More reasons to choose us
Want more cover?
Third party motorcycle insurance does not cover loss or damage to your motorbike due to:
- Crash or collision
- Severe weather (e.g. hail or flood)
- Malicious acts
If you want protection against these incidents, you’ll need to consider buying Comprehensive Motorcycle Insurance.
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 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.
You need to tell us about any modifications, accessories and options when you purchase your policy, or afterwards if you make any changes to your motorcycle so they are covered.
How can I pay for my motorcycle insurance?
You can pay your Budget Direct motorcycle insurance premium by direct debit from your bank account or through a credit card.
You can pay monthly or annually (the last option is the most economical).
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 21 years of age
rider is 21 to 24 years of age inclusive
rider has not held a full or open Australian motorcycle licence for 2 or more years
rider is not listed on your insurance certificate.
The dollar amount of your Basic Excess and any additional excesses are shown on your insurance certificate.
Do I have to pay an excess if the accident was not my fault?
No — you do not have to pay an excess if you have a no-fault accident with another vehicle.
A no-fault accident meets the following criteria:
- we decide the driver of another vehicle (or another person) was entirely at fault, and
- you tell us or we obtain the at-fault driver’s full name, address, and vehicle registration number.
