Budget Direct Motorcycle Insurance Review

With hire car perks, choice of repairer and the option of agreed or market value, Budget Direct’s comprehensive policy has strong benefits at a decent price point.

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Budget Direct

Key takeaways

  • New customers often receive a 15% discount when buying a policy online.
  • Budget direct comprehensive polices include the choice of agreed or market value and the optional benefit of choice of repairer.
  • For our sample 2022 Yamaha MT-09A (Sydney rider profile, $500 excess), comprehensive cover costs $1,062.22 based on our quotes.

Our verdict

Pros

  • New customers get a 15% discount off their first year's premium when buying online.
  • Optional benefits allow you to tailor cover to your needs.
  • Budget Direct is an affordable brand, with competitive cover.

Cons

  • Personal effects are only covered Up to $500, while some brands offer up to $5,000.
  • Legal liability cover is Up to $20,000,000, but some competitors cover up to $30 million.

Finder survey: Do Australians choose agreed or market value for motorcycle insurance?

Response
Agreed value53.85%
Market value41.03%
I don't know5.13%
Source: Finder survey by Pure Profile of 1006 Australians, December 2023

Compare Budget Direct motorcycle insurance policies

Roadside assistance Accidental damage Fire and theft Choice of repairer Agreed or Market Value
Budget Direct Motorcycle Insurance logo
Optional
Agreed or Market
Discount: 15% off your first year's premium when you take out a policy online. T&Cs apply.
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Budget Direct Motorcycle Insurance logo
Market
Discount: 15% off your first year's premium when you take out a policy online. T&Cs apply.
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Budget Direct Motorcycle Insurance logo
N/A
Discount: 15% off your first year's premium when you take out a policy online. T&Cs apply.
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How does Budget Direct compare with other motorcycle insurers?

Budget Direct is a strong competitor in the motorcycle insurance space. Its motorcycle policies are issued by Auto & General Insurance Company Limited. While it's not the more premium, high-end brand, Budget Direct offers a decent range of benefits at a good price point.

Riders also have multiple customisation options so they can strengthen their policies if they want greater protection, bring the cost of their premium down by removing benefits, or simply tailor their policy to better suit their specific situation.

Price

Our insurance experts collected quotes from a range of popular motorcycle insurers using one motorcycle profile (full profile details below). The following quotes are based on 30 year old male driver who has held a license for 5 years living in Sydney. An excess of $500 was used where possible with no policy discounts, memberships or add-ons.

6 of 6 results
Sample quote
QBE Motorcycle Insurance logo
Sample quote
$1,732.22
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Budget Direct Motorcycle Insurance logo
Sample quote
$1,062.22
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AAMI Motorcycle Insurance logo
Sample quote
$2,113.06
View details
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National Motorcycle Insurance logo
Sample quote
$1,479.31
View details
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Mi-bike Motorcycle Insurance logo
Sample quote
$1,114.22
View details
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NRMA Motorcycle Insurance logo
Sample quote
$765.26
View details
Compare product selection
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Showing 6 of 6 results
1 of 1 result
Name

15% online discount on motorcycle insurance

Get 15% off your first year's premium when you purchase a new policy online. T&Cs apply.

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Showing 1 of 1 result

What additional cover options are available

Budget Direct has a range of optional benefits that can be used to tailor your policy.

Accident Hire Car - Accident Hire Car - Budget Direct will arrange and pay for the daily cost of a compact hire car (Up to $75 per day - Up to 14 days).

Riding Gear - Covers the cost of replacing riding gear - both for the rider and passenger - if it's less than 10 years old and was damaged in an accident.

Choice of Repairer - You can choose to nominate your preferred repairer, which may be a repairer from Budget Direct's repair network.

Reduced Windshield Excess - Reduces the 'Windshield only' excess where the only damage to the motorcycle is accidental damage to the windshield.

Compare other products from Budget Direct

Gary Hunter's headshot
To make sure you get accurate and helpful information, this guide has been edited by Gary Hunter as part of our fact-checking process.
Nicola Middlemiss's headshot

Nicola Middlemiss is a journalist with nearly a decade of experience in personal finance and insurance. She has contributed to Domain, Yahoo Finance, Money Magazine and Insurance Business Australia, offering in-depth insights into commercial insurance in the Australian market. Nicola holds a Bachelor’s degree in English from the University of Leeds and a Tier 1 General Insurance (General Advice) certification, which complies with ASIC standards. See full bio

Nicola's expertise
Nicola has written 170 Finder guides across topics including:
  • Personal finance
  • Personal insurance, including car, health, home, life, pet and travel insurance
  • Commercial business insurance

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2 Responses

    Holly's avatar
    HollyMarch 8, 2023

    Can I please have a call back for quotes?

      Sarah Megginson's headshotFinder
      SarahMarch 9, 2023Finder

      Hi Holly,

      This is a Finder review page, we’re not directly affiliated with Budget Direct. You’ll need to call them on 1300 306 560 to speak to a customer service agent.

      Hope this helps!

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