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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 Comprehensive Motorcycle Insurance

Promoted
  • Buy online for a 15% discount*
  • Pay monthly or annually
  • Option to have choice of repairer
  • Agreed or market value
Get Quote
* First year’s premium for a new policy/ T&Cs apply.

Our verdict

Pros

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

Cons

  • Only $500 of personal effects are covered, while some brands offer up to $5,000.
  • Legal liability is capped at $20 million, but some competitors cover up to $30 million.
  • Roadside assistance isn't included, so you'll have to add standalone cover on top.

How does Budget Direct compare with other motorcycle insurers?

Budget Direct is a strong competitor in the motorcycle insurance space. 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.

Features

Name Product Accidental damage Roadside assistance Fire and theft Agreed or market value
Budget Direct Comprehensive Motorcycle Insurance
Agreed or Market
⭐ Current offer: Get a quote now for your chance to win 1 of 2 Triumph Motorcycles. T&Cs apply.
QBE Comprehensive Motorcycle Insurance
Agreed or Market
Finder's summary: QBE won our Green Insurer of the Year Award, and offers a great price-beat guarantee. Budget friendly and environmentally friendly.

⭐ Current offer: QBE guarantees to beat any price offered by their competitors for comprehensive motorcycle insurance for new customers. T&Cs apply.

Who it might be good for: Anyone on a budget who still wants good-quality cover.
Youi Comprehensive Motorcycle Insurance
Agreed or Market
Finder's 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.
AAMI Comprehensive Motorcycle Insurance
Agreed
Finder's 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.
NRMA Comprehensive Motorcycle Insurance
Agreed or Market
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Price

Our insurance experts got quotes from a range of popular motorcycle insurers for two motorcycle profiles. The below is based on the profile and model that we provided and should be used as a guide only. Your own quote will differ based on your personal circumstances.

ProviderCost for bike valued at $7,000Cost for bike valued at $29,000
Budget direct logo$495.64Would not insureGet quote
QBE logo$538.88$1,271.85Get quote
AAMI logo$983.06Would not insureMore info
NRMA logo$684.38$1,526.75More info
Shannons logoUnable to get online quoteUnable to get online quoteMore info
Swann logo$594.12$1,035.56More info
Suncorp logo$1,023.98Would not insureMore info
GIO logoUnable to get online quoteUnable to get online quoteMore info
CGU logoUnable to get online quoteUnable to get online quoteMore info

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

Name Product Roadside assistance Accidental damage Storm Choice of repairer Agreed or Market Value
Budget Direct Comprehensive Motorcycle Insurance
Optional
Agreed or Market
⭐ Current offer: Get a quote now for your chance to win 1 of 2 Triumph Motorcycles. T&Cs apply.
Budget Direct Third Party, Fire and Theft Motorcycle Insurance
Market
⭐ Current offer: Get a quote now for your chance to win 1 of 2 Triumph Motorcycles. T&Cs apply.
Budget Direct Third Party Property Only Motorcycle Insurance
Agreed
⭐ Current offer: Get a quote now for your chance to win 1 of 2 Triumph Motorcycles. T&Cs apply.
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Deal

15% online discount on motorcycle insurance

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

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 - Budget Direct will arrange and pay the daily cost for a hire car, if your bike is stolen or damaged, up to a maximum of $75 a day.

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.

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2 Responses

    Default Gravatar
    HollyMarch 8, 2023

    Can I please have a call back for quotes?

      AvatarFinder
      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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