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||Up to $20 million|
|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)
|Towing||No||Fire and theft only|
|Hire car following theft||No||Up to $1,000 or 14 days|
|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
We guarantee the quality of authorised repairs to your motorcycle for as long as you own it. This guarantee covers materials and workmanship.
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.
Pay your premium monthly or yearly (the last option is the most economical, as you’ll pay a lower premium and avoid administration fees).
Depending on the value of your motorcycle, you may be able to increase your Basic Excess in return for a lower premium.
Want more cover?
Third party motorcycle insurance does not cover loss or damage to your motorbike due to:
Frequently asked questions
How much can I insure my motorcycle for?
With Budget Direct, you can insure your motorbike for its market value or, in some cases, for an agreed value.
Market value is the reasonable cost to replace your bike with one of the same make, model, age, and condition as at the time of the loss or damage.
Agreed value is the amount we agree to insure your bike for during each 12-month term of insurance.
The value for which your bike is covered is shown on your insurance certificate.
Does motorcycle insurance cover modifications?
Budget Direct covers all non-standard modifications to your comprehensively insured motorcycle, except:
- custom paint jobs
- engine control units (ECUs) or power chips (aftermarket)
- frames or subframes (modified)
- nitrous oxide kits
- supercharger kits (aftermarket)
- suspension (modified)
- turbo chargers (aftermarket).
If your non-standard 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.
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 by credit card.
You can pay monthly or annually (the last option is the most economical, as you’ll pay a lower premium and avoid administration fees).
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 a full Australian licence for at least two 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.
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 is one that meets the following criteria:
- we decide the driver of another vehicle (or another person) was entirely at fault, and
- you tell us the at-fault driver’s full name, address, and vehicle registration number.
~This offer applies to new eligible Budget Direct Motorcycle quotes initiated through the Budget Direct website or call centre (1300 306 560) by 7 October 2020 10:00am. You will get one entry per eligible quote. You will receive an additional ten entries after you’ve purchased and held the Motorcycle Insurance policy continuously for 21 days and it remains valid as at the date of the draw. The promotion is not open to customers varying their Budget Direct policies. First Prize includes twelve months’ Registration (including CTP), Stamp Duty and a twelve (12) month Budget Direct Comprehensive Motorcycle Insurance Policy. To be eligible for this offer, you must meet Budget Direct’s underwriting criteria. See full T&Cs. Promoter: Auto & General Services Pty Ltd (ABN 61 003 617 909), PO Box 342, Toowong QLD 4066.
See full terms and conditions.