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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

Name Product Roadside assistance Accidental damage Storm Choice of repairer Agreed or Market Value
Mi-bike Comprehensive Motorcycle Insurance
Optional
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.
Mi-bike Third Party, Fire, Theft and Transit Motorcycle Insurance
Optional
Agreed or Market
Protects your motorcycle against storms, flood, fire, theft, transit damage and third-party liability.
Mi-bike Third Party Liability Motorcycle Insurance
Optional
Agreed or Market
Protects cover for your legal liability to third parties only, and NOT for loss or damage to your motorcycle.
Mi-bike Off Road Motorcycle Insurance
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.

Name Product Accidental damage Roadside assistance Fire and theft Agreed or market value
Mi-bike Comprehensive Motorcycle Insurance
Optional
Both
Protects your motorcycle against loss or damage as a result of an accident, storms, flood, fire, theft, transit damage and third-party liability.
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.
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.
NRMA Comprehensive Motorcycle Insurance
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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