mi-bike motorcycle insurance review

mi-bike has a particularly strong range of benefits plus options for extra customisation.

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Our verdict

Pros

  • Strong range of benefits, including choice of repairer, trailer cover, and wellness cover
  • You can get cover for motocross, enduro, ATV, SSVs and kids fun motorbikes
  • Up to $3,000 - Up to $1,500 per item covered for damaged riding gear

Cons

  • Up to $500 of personal effects are covered, but we found two brands that cover up to $5,000.
  • There's no hire car cover if you're in an accident - a common benefit from other brands
  • There's no online claims portal, it's all via phone or email.

Compare mibike motorcycle insurance policies

Product FCI Roadside assistance Accidental damage Storm Choice of repairer Agreed or Market Value
Agreed or Market
Protects your motorcycle against loss or damage as a result of an accident, storms, flood, fire, theft, transit damage and third-party liability.
Market
Protects your motorcycle against storms, flood, fire, theft, transit damage and third-party liability.
Market
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Features

mi-bike has a particularly strong range of benefits in comparison to other motorcycle insurance providers. With mi-bike, riders can insure their motorcycle for agreed or market value, key replacement is covered for Up to $1,500 — other insurers don't include this at all, and roadside assistance can be added to the policy.

Product FCI Accidental damage Roadside assistance Fire and theft Agreed or market value
Optional
Agreed or Market
Both
Protects your motorcycle against loss or damage as a result of an accident, storms, flood, fire, theft, transit damage and third-party liability.
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 or Market
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Price

The below prices are for comprehensive motorcycle insurance policies and they're based on a fictional driver profile — they should be used as a guide only. Your own quote will differ based on the model of your motorcycle, your driver history and many other personal circumstances.
Keep in mind, the best motorcycle insurance for you may depend on more than price.

Provider Annual cost for $7,000 bike Annual cost for $29,000 bike
Mi bike$851.68$2,428.02
GIOUnable to get online quote Unable to get online quote
NRMA$804.14$1,753.27
QBE$539.34$1,281.24
AAMI$1,103.81Phone call needed to confirm quote
Swann$688.33$1,114.77
Budget Direct$521.81Did not offer insurance.
Suncorp$1,103.29Phone call needed to confirm quote

What additional cover options are available?

mi-bike has a range of add-on cover options available, so you can tweak your policy to better fit your needs.

Lay-up cover - Adjust your policy so it's only active on weekends, or when your motorbike is within the gates, walls, or fences of your home address. This makes your policy cheaper and could work for weekend-only riders. Read the PDS for full details.

Tyre and rim cover - Cover if a tyre is damaged, punctured or suffers a blowout, outside of an insured incident. For example, riding over a nail. Cover if a rim is cracked, warped or misshapen by potholes, kerbs, nails, screws, metal, glass, road debris.

Roadside assistance - mi-bike also offers roadside assistance, featuring 24/7 recovery, emergency accommodation, flat battery service, lack of fuel, accident coordination, and more.

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Senior writer

Nicola Middlemiss is a contributing writer at Finder, with a special interest in personal finance and insurance. Formerly a business and finance journalist, Nicola has written thousands of articles helping Australians better understand insurance and grow their personal wealth. She has contributed to a wide range of publications, including Domain, the Educator, Financy, Fundraising and Philanthropy, Insurance Business, MoneyMag, Mortgage Professional, Yahoo Finance, Your Investment Property, and Wealth Professional. Nicola has a Tier 1 General Insurance (General Advice) certification and a Bachelor's degree from the University of Leeds. See full bio

Nicola's expertise
Nicola has written 239 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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