Motorcycle insurance Victoria

There are 4 types of motorcycle insurance available:

1. Compulsory third party insurance (CTP). As the name implies, this is compulsory — you must have CTP to legally ride your motorbike in VIC and on Australian roads generally. For Victorians, CTP is included by default in your rego. So, if your bike has been registered then you already have CTP.
2. Third party property damage insurance (TPPD). This cover is optional. It helps cover the cost of damage you cause to another person's vehicle or property while riding your motorcycle. It's a sensible pick if you've got a lower-value bike and are comfortable paying for your own repairs or replacement if something happens to it.
3. Third party fire and theft insurance (TPFT). This cover is optional. It provides the same protection as third party property damage insurance, with added cover if your motorcycle is stolen or damaged by fire.
4. Comprehensive insurance. This cover is optional. It combines the benefits of third party property damage and third party fire & theft, and also covers damage to your own motorcycle. It's a good choice if you have a high-value bike and prefer not to pay out of pocket for repairs or replacement.

Compare motorcycle insurance in Vic

• Comprehensive
• Third Party Fire & Theft
• Third Party Property Damage

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5 of 12 results

Roadside assistance	Accidental damage	Fire and theft	Choice of repairer	Agreed or Market Value
Budget Direct Comprehensive Motorcycle Insurance				Optional	Agreed or Market	15% off your first year's premium when you take out a policy online. T&Cs apply.	Get Quote More info Compare product selection Compare	loading
AAMI Comprehensive Motorcycle Insurance					Agreed	$25 off when you buy online. T&Cs apply.	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. Who it might be good for: With a paperless claims process, AAMI could be good if you’re keen to manage everything online.	Continue More info Compare product selection Compare	loading
Suncorp Comprehensive Motorcycle Insurance					Agreed	Combine 3 or more eligible policies and get 15% off. T&Cs apply.	Summary: With a No Claims Bonus, flexible excess and multi-policy discount, customers have a range of ways to reduce their premium. Who it might be good for: Existing Suncorp customers who want a discount.	Continue More info Compare product selection Compare	loading
National Motorcycle Insurance On Road Comprehensive	Optional				Agreed or Market	Summary: As a specialist motorcycle insurance company, National Motorcycle caters to both on and off road bikes. Who it might be good for: Bike owners who don’t want cover for any personal belongings.	Continue More info Compare product selection Compare	loading
Mi-bike Off Road Motorcycle Insurance					Market	Continue More info Compare product selection Compare	loading

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5 of 9 results

Roadside assistance	Accidental damage	Fire and theft	Choice of repairer	Agreed or Market Value
National Motorcycle Insurance On Road Third Party Fire, Theft and Transit	Optional				Agreed or Market	Continue More info Compare product selection Compare	loading
Budget Direct Third Party, Fire and Theft Motorcycle Insurance					Market	15% off your first year's premium when you take out a policy online. T&Cs apply.	Get Quote More info Compare product selection Compare	loading
GIO Fire, Theft and Third Party Property Damage Motorcycle Insurance					Market	Continue More info Compare product selection Compare	loading
Youi Third Party Fire & Theft Motorcycle Insurance					Market	Protection against damage to others caused by your motorcycle with additional cover.	Get Quote More info Compare product selection Compare	loading
National Motorcycle Insurance Off Road Fire and Theft	Optional				Agreed or Market	Continue More info Compare product selection Compare	loading

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5 of 9 results

Roadside assistance	Accidental damage	Fire and theft	Choice of repairer	Agreed or Market Value
GIO Third Party Property Damage Motorcycle Insurance					Market	Continue More info Compare product selection Compare	loading
Youi Third Party Property Only Motorcycle Insurance					N/A	Protection against the cost of damage your motorcycle causes to third party property.	Get Quote More info Compare product selection Compare	loading
AAMI Third Party Property Damage Motorcycle Insurance					Agreed	Continue More info Compare product selection Compare	loading
Budget Direct Third Party Property Only Motorcycle Insurance					N/A	15% off your first year's premium when you take out a policy online. T&Cs apply.	Get Quote More info Compare product selection Compare	loading
National Motorcycle Insurance On Road Third Party Liability	Optional				Agreed or Market	Continue More info Compare product selection Compare	loading

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The cost of motorcycle insurance in VIC

Provider	Annual cost	Apply
	$845.06	Get quote
	$666.50	Get quote
	$2,122.81	More info
	$1,112.44	More info

_{These quotes are accurate as of May 2025}

• How we got these quotes

  *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 30 May 2025
  • No discounts, no memberships, no add-ons
  • Drives 4,000–8,000km per year
  • Located in Melbourne, VIC 3001
  • 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.

What affects the cost of motorcycle insurance?

• Age: Younger riders often face higher premiums since insurers consider them a higher risk.
• Your motorcycle's engine power: Bikes with larger engines are generally more expensive to insure, as they cost more to repair and are seen as riskier on the road.
• The level of cover you choose: Comprehensive cover is typically the most expensive, but it can offer great value depending on your needs. For more affordable options, third party cover like third party property damage or third party fire & theft are worth considering.
• Your driving and claims history: If you've accumulated demerit points, insurers will view you as a higher risk, leading to increased premiums. Similarly, past claims often result in higher costs as well.
• Where you park: If you park your bike on the street, your premium will likely be higher. Storing it in a garage or carport could help reduce your costs.
• Loans: If your bike is financed or leased, it may cost more to insure.
• Your mileage: The more you ride, the higher your premium is likely to be, as more time on the road increases the risk.

Our expert says

"Knowing what level of cover to buy really comes down to the value of your bike and if you could afford to replace it if something happened to it. If you couldn't, or you'd be really mad about it, comprehensive cover is a safe bet. If your bike is lower value and you're not fussed by damages to it, a third party policy will likely do the trick for you."

Peta Taylor

Publisher of Insurance

FAQs

• Do I need motorcycle insurance in Victoria?

  Yes, you must have compulsory third party insurance on your motorbike to ride on VIC roads (and all of Australia). The good news is, this is included with your registration. So if you've paid your rego, you've already got CTP (also known as TAC).

  Additionally, there are other types of insurance available, like third party property damage and comprehensive, but they're not compulsory.

• Who is the cheapest motorcycle insurer in VIC?

  The cost of motorcycle insurance will vary based on your personal profile and the motorbike you ride. We got quotes using a fictional profile and found that QBE is the cheapest of the 4 we researched. Keep in mind, your own quote will differ.

Written by

Peta Taylor

Publisher of Insurance

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