To help you find the best motorcycle insurance, our insurance team did an analysis of 16 motorcycle insurance policies. This included trawling through product disclosure statements (PDS), getting quotes and evaluating which ones offered the best value. Of the 16 we analysed, only 8 had an online quote available - you had to call the providers for the others. So we've focussed our analysis on the ones where we were able to get a price.
Remember, what's best for you will depend on your personal circumstances so this should be used as a guide only. Always read the product disclosure statement and get your own quote to know if it's a good fit for you.
Best value motorcycle insurance: QBE Comprehensive
Our verdict
Pros
QBE's comprehensive motorbike insurance policy includes really robust features and high coverage limits. This means that it's got more thorough coverage than some other, more expensive, providers. For example, QBE includes coverage for motorcycle gear, like your leathers, as standard. Other insurers have this an optional extra where you'd have to pay more for this feature.
QBE is cheaper than most other policies that we were able to get a quote for. We got prices for 8 providers, QBE was the second cheapest. Pretty good for all it includes!
QBE gives you the option to insure your motorcycle for agreed or market value. This means that if you have a cheaper bike and are satisfied with the current market value, you could save a few bucks by opting for this. If you have a more expensive bike or you've bought it using a loan or lease, you can ensure the total cost of your bike loan is covered by opting for an agreed value. Agreed value usually costs a bit more but it's a great option for those who want the extra peace of mind.
Cons
QBE's policy does not have the option to add roadside assistance. This is a feature that many riders enjoy having access to.
QBE does not include a choice of repairer. This means that if your bike is damaged and needs repairs, you will have to take it to a repairer that QBE elects. You won't have the option to take it to your own, preferred mechanic.
QBE does not include cover for personal effects. This means that if your personal belongings are stolen from your bike, like a mobile phone, then you won't be able to claim for this loss.
Accidental damage:
Agreed or market value: Agreed or Market
Choice of repairer:
Fire and theft:
Hire car after theft: Reasonable costs - Up to 14 days
New motorcycle replacement:
Personal effects: No
Roadside assistance:
Storm:
Towing:
Key replacement: Up to $1,500 Emergency transport accommodation: Up to $1,000 Emergency repairs: Up to $500 Legal liability: $30,000,000 Motorcycle apparel: Yes
QBE offers a good mix of thorough coverage, paired with affordability. It covers the essentials and was among some of the cheapest providers we found when we got quotes.
Worth noting: If you got a quote sometime in the last 12 months, you may have found QBE to be substantially more expensive. They've since redone their pricing and are now much more competitive with others in the market who offer a similar level of coverage.
Finder favourite: Youi Comprehensive motorcycle insurance
Our verdict
Pros
Youi has fantastic customer service — this has been tried and tested by our own team. They have a local team based in the Sunshine Coast and they're very responsive and eager to help. In fact, it even won the 2024 Finder Customer Satisfaction Award. That award was specific to car insurance, but you get the point.
Youi is well priced, particularly for how thorough their coverage is. A few months ago, I got a renewal from another provider and it was double what Youi quoted me, yet it covered less. Switching to Youi was a no brainer.
It covers more than other, more expensive providers. For example, Youi covers motorcycle gear and includes roadside assistance as standard, whereas you'd have to pay for these with other brands.
Cons
You have to talk to them on the phone to get a quote. It's annoying and most people (including myself) find it frustrating. The quote starts online and then they call you. Honestly, once you're chatting with them, it's not that bad. It's just annoying if you weren't expecting to interact with a sales person at that point in time.
Youi does not have the option to select your choice of repairer. So if your motorcycle is damaged, you'll have to go through one of Youi's repairers to get it fixed.
Accidental damage:
Agreed or market value: Agreed or Market
Choice of repairer:
Fire and theft:
Hire car after theft: Limit not disclosed - Up to 14 days
New motorcycle replacement:
Personal effects: Up to $1,000
Roadside assistance:
Storm:
Towing:
Key replacement: Up to $1,000 Emergency transport accommodation: Up to $1,000 Emergency repairs: Up to $1,000 Legal liability: $20,000,000 Motorcycle apparel: Yes
Finder's own staff have had many positive interactions with Youi, with many choosing Youi for our own insurance needs. This pick is based on our personal experiences with the brand.
Best features: National Motorcycle Insurance Comprehensive
Our verdict
Pros
Of the 16 comprehensive motorcycle insurance providers we researched, National Motorcycle Insurance had the most robust coverage. It includes choice of repairer, personal effects and motorcycle gear all as standard, and has roadside assistance available as an optional extra.
It's well-priced for how comprehensive it is. It still came in around $400 cheaper than other providers who offer less coverage.
It offers agreed or market value so you can pick what's best for your bike and your budget.
Cons
There are cheaper policies available if you don't need so much cover.
Accidental damage:
Agreed or market value: Agreed or Market
Choice of repairer:
Fire and theft:
Hire car after theft: Up to $500 - Up to 7 days
New motorcycle replacement:
Personal effects: Up to $1,000
Roadside assistance: Optional add on
Storm:
Towing:
Key replacement: Up to $1,500 Emergency transport accommodation: Up to $1,500 Emergency repairs: Up to $500 Legal liability: $20,000,000 Motorcycle apparel: Yes
According to our research, National Motorcycle Insurance offers one of the most comprehensive motorcycle insurance policies on the market. It includes many features as standard, where other providers have them available as optional extras.
Best for price: NRMA Comprehensive Motorcycle insurance
Our verdict
Pros
Of the 8 providers we were able to get quotes for, NRMA was the cheapest.
Despite being the cheapest, it still has decent coverage with plenty of optional extras to further tailor your cover.
NRMA is a well-known brand, which some people tend to appreciate. It also has multiple different types of insurance available depending on the bike you own. For example, it has a product specifically for vintage motorcycles.
Cons
There is no option to add roadside assistance to your motorcycle insurance policy.
It does not include cover for motorcycle gear as standard, you'll have to add that on for an additional fee.
Accidental damage:
Agreed or market value: Agreed or Market
Choice of repairer:
Fire and theft:
Hire car after theft: Up to $75 per day - Up to 21 days
New motorcycle replacement:
Personal effects: Up to $1,000
Roadside assistance:
Storm:
Towing:
Key replacement: Up to $1,000 Emergency transport accommodation: Up to $1,000 Emergency repairs: Up to $800 Legal liability: $20,000,000 Motorcycle apparel: Optional
We attempted to get online quotes from 16 providers. Of those, 8 returned quotes and 8 required a phone call to finalise the quote. Of those 8 we got quotes for, NRMA was the cheapest.
Keep in mind, price varies greatly based on your personal circumstances and NRMA may not work out to be the cheapest option for you. Get multiple quotes from at least 5 providers to know your options.
Best for bonuses: Budget Direct Comprehensive Motorcycle insurance
Our verdict
Pros
Budget Direct gives new customers who sign up online a 15% discount on their first year's premium.
Budget Direct's comprehensive policy was priced around the middle of the pack, of those we researched.
It has plenty of optional extras available to further tailor your cover.
Cons
Roadside assistance can't be added to your motorcycle insurance policy.
It is more expensive than other providers who offer similar coverage.
Accidental damage:
Agreed or market value: Agreed or Market
Choice of repairer:
Fire and theft:
Hire car after theft: Up to $1,000 - Up to 14 days
New motorcycle replacement:
Personal effects: Up to $500
Roadside assistance:
Storm:
Towing:
Key replacement: Up to $1,000 Emergency transport accommodation: Up to $500 Emergency repairs: Up to $500 Legal liability: $20,000,000 Motorcycle apparel: Optional
We chose Budget Direct as our pick for best bonus because of the providers we got quotes for, Budget Direct was the only one to offer a discount for new customers.
Motorcycle insurance costs guide
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.
Providers
Annual Cost
$693.22
$1,081.29
$667.85
$1,304.45
$1,778.19
*Quotes were sourced on the following profile:
35 years old, 5+ years licensed
Male
No finance
Private use of motorcycle
Adjusted excess to $500 where possible
Motorcycle is parked in a locked garage
Exclude drivers under 25
No additional driver
Start date of policy 1 June 2025
No discounts, no memberships, no add-ons
Drives 4,000–8,000km per year
Located in Sydney NSW, 2000
2021 Yamaha MT-09A MY20 Sports
Your cost will differ depending on your circumstances. Some things that can affect the cost of your quote include your gender, the type of motorcycle you drive, the colour of the motorcycle, how long you have been driving and the amount of cover you need. Be sure to read the PDS to find cover that suits you.
Which type of motorcycle insurance is best for me?
Comprehensive motorcycle insurance
Comprehensive motorcycle insurance is best if you want full protection. It's the only level of insurance to cover damage to your own bike, including theft, as well as other people's vehicles and property. It's good for people who:
Would not be able to replace their bike if it was written off
Value their motorcycle and want to protect it
Third party motorbike insurance
This covers damage to other people's property, including their vehicles. Many insurers will allow you to add fire and theft protection for your own bike. It's a good level of cover for people:
On a budget with a low-value motorbike
Who could afford to replace their bike if it was written off
Compulsory third party
This is mandatory and covers people injured by your bike because of an accident. It's good if:
You can only afford the bare minimum
You could afford to pay for damage to other people's property (keep in mind this could be extremely expensive)
Expert tip on finding the best motorcycle insurance for your needs
Our expert says
"If you're getting comprehensive cover and have expensive motorcycle gear, make sure you take a look at apparel cover. Some insurers will cover you for different amounts – for example, some, such as QBE cover you for up to $4,000. Others including Budget Direct, only include riding gear cover as an optional extra."
When you take out your insurance you can choose to insure your bike for an agreed value or market value.
The agreed value is agreed upon when you first take out your insurance policy.
The market value is determined by the insurer depending on the market value of your vehicle at the time of the accident.
In general, the new bike replacement option is in place for two years from the time the bike was first registered. This means first registered by anyone, not just you (important to note if your bike is secondhand). If your bike is older than that, this feature won't apply.
For standard policies, pillion passengers are generally not covered. You need to make a specific request for this to be added on and it'll come at an extra cost. Again, check the PDS to confirm this.
Generally, these are an extra that must be manually added on, as they're not a standard inclusion for motorbikes upon purchase.
Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year. See full bio
VIC riders have plenty of motorcycle insurance options to fit their riding style and to protect them from theft, property damage, natural disasters and more.
GIO Motorcycle Insurance is backed by a 24/7 claims service and provides three cover options: Comprehensive Motorcycle Insurance; Fire, Theft and Third Party Property Damage Motorcycle Insurance; and Third Party Property Damage Motorcycle Insurance.
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
