Compare motorcycle insurance faster than you can put your leathers on

We’ve reviewed 300 features so you can spend less time here, and more time on the road.

1 - 6 of 30
Product FCI Roadside assistance Accidental damage Storm Choice of repairer Agreed or Market Value
Optional
Optional
Agreed or Market
Agreed or Market
Summary: QBE won our Green Insurer of the Year Award. Budget friendly and environmentally friendly.

Who it might be good for: Anyone on a budget who still wants good-quality cover.
Agreed or Market
Summary: Youi has earned a reputation for great customer service and offers 24/7 roadside assistance as standard. This is typically an optional extra.

Who it might be good for: People who value a good customer experience and want the ability to customise their policy.
Agreed
Summary: AAMI’s comprehensive motorcycle insurance policy covers more than some of its competitors with the inclusion of riding apparel as standard. For further coverage, more options to customise cover are available.

⭐ Current offer: $25 off when you buy online.

Who it might be good for: With a paperless claims process, AAMI could be good if you’re keen to manage everything online.
Agreed or Market
Summary: GIO offers more than some of its competitors with choice of repairer as standard in the comprehensive policy. This is typically an optional extra.

Who it might be good for: Riders who want the convenience of choosing their own repairer.
National Motorcycle Insurance Comprehensive
National Motorcycle Insurance logo
Optional
Agreed or Market
Summary: As a specialist motorcycle insurance company, National Motorcycle caters to both on and off road bikes.

Who it might be good for: Bike owners who don’t want cover for any personal belongings.
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Cheap motorcycle insurers

The cost of motorcycle insurance varies between providers and your cost will depend on your personal circumstances, the below should be used as a guide only.

ProvidersAnnual Cost
QBE Logo
$701.03
Budget direct logo$971.39
NRMA logo
$869.44
 National Motorcycle Insurance Comprehensive Logo$1,293.45
AAMI insurance$1,758.17

What are the main types of motorcycle insurance?

Personal accident

Compulsory third party (CTP)

CTP cover is a legal requirement – you must have it to register your motorcycle in Australia. It protects riders for personal injuries caused by your motorbike after an at-fault accident and compensates those who are injured.

It won't cover you for repair costs for your motorcycle or other peoples' vehicles or property.

Motorcycle hits car

Third party property

The most basic optional insurance. Third party cover offers a bit more peace of mind as it covers the cost of damages caused by your motorcycle to others' property. It'll also pay your legal costs if you get sued for any damages you've caused.

However, third party property won't cover costs for the repair or replacement of your own motorcycle.

Motorcycle parking

Third party, fire and theft

In addition to the cover offered by third party property damage, it'll also cover any damages to your bike from fire or theft.

This type of cover doesn't include the cost of repairs to your bike if it's involved in a traffic accident.

Comprehensive motorcycle

Comprehensive

The highest level of cover available. Comprehensive insurance will cover most accidental damage, whether or not you're at-fault, plus natural disasters such as storms, floods, hail and even earthquakes. It also covers you for theft, vandalism, third party property damage and damage caused by uninsured drivers.

Comprehensive cover can replace your motorbike if it's written off within a set time period after being registered. It can also cover you for accidents if the rider of the bike isn't a nominated driver.

Finder survey: How often do Australians compare or switch their motorcycle insurance?

Response
Once a year46.15%
I never compare or switch23.08%
Once every 3+ yrs17.95%
Every 2 yrs10.26%
More than once a year2.56%
Source: Finder survey by Pure Profile of 1006 Australians, December 2023

What does motorcycle insurance cover?

Here's what is typically covered by the 3 key types of motorcycle insurance:

FeatureComprehensiveThird party, fire and theftThird party property
Accidental Damage
  • Yes
  • No
  • No
Intentional Damage
  • Yes
  • No
  • No
Storm or Flood
  • Yes
  • No
  • No
Fire
  • Yes
  • Yes
  • No
Theft
  • Yes
  • Yes
  • No
Earthquake
  • Yes
  • No
  • No
Emergency Accommodation Transport and Repairs
  • Yes
  • No
  • No
Legal Liability
  • Yes
  • Yes
  • Yes
Towing Cost
  • Yes
  • No
  • No
Locks and Keys
  • Yes
  • No
  • No
Riding Gear
  • Yes
  • No
  • No
Peta Taylor's headshot

"We recently bought a new motorcycle and wanted to organise a comprehensive motorcycle insurance policy that was affordable yet offered through coverage. The most important factors to us were; ability to choose an agreed value, high cover limits for motorcycle apparel and affordability. We ended up going to QBE (they came in cheaper than others we got quotes for), allowed us to insure for an agreed value and had substantial cover for motorcycle apparel."

Associate publisher

What else should I look for in a policy?

Here are some features that you can get with a motorcycle insurance policy:

Helmet

Helmet and riding gear cover

Your riding leathers, helmet and other gear can be expensive. A lot of policies can cover theft or damage of helmets and riding gear.

Mechanic

Choice of repairer

If you have a preferred mechanic you want to use, you'll often need to pay a little extra for your own choice of repairer.

Agreed vs market value

Agreed or market value.

If market value isn't a fair reflection of your bike's true worth, for example if you need insurance for a modified motorcycle, you might want to look for policies that offer agreed value as an option.

Motorbike

New replacement

If a relatively new motorcycle is written off following an insured event, you might be able to get a brand new equivalent replacement. There's usually a time limit of 2 years for this feature.

car keys

Keys and locks

This provides cover for the cost of re-keying or re-coding locks if your keys are stolen, often up to around $1,000.

How can I lower the cost of my motorcycle insurance?

To be eligible for lower premiums, you could:

  • Secure your motorcycle. You'll often get lower premiums if you can keep your bike in a secure lock-up or a garage at night. Also, installing an alarm or immobiliser can also help.
  • Pay premiums annually. Many insurers will charge less overall for premiums paid annually rather than month-to-month. Comparing motorcycle insurance quotes on a regular basis is also a good idea.
  • Ride safely. Having fewer claims will mean you are in a better position for cheaper motorcycle insurance. Those with motorcycle qualifications may also be able to score savings.
  • Look for discounts. You may be entitled to a range of savings, such as loyalty bonuses or discounts for buying your policy online, multi-policy discounts and more.
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Frequently asked questions

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Editor, Insurance

Gary Ross Hunter was an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, The Guardian and news.com.au. Gary holds a Kaplan Tier 2 General Advice General Insurance certification which meets the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

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James Martin was the insurance editor at Finder. He has written on a range of insurance and finance topics for over 7 years. James often shares his insurance expertise as a media spokesperson and has appeared on Prime 7 News, WIN News, Insurance News, 7NEWS and The Guardian. He holds a Tier 1 General Insurance (General Advice) certification and a Tier 1 Generic Knowledge certification, both of which meet the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

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James has written 209 Finder guides across topics including:
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