Best motorcycle insurance Australia

• Show summary

  Best motorcycle insurance in November 2024

  • Top pick for features: Youi comprehensive motorcycle insurance

Top pick for features: Youi

Compare more motorcycle insurers

1 - 4 of 12

Product FCI	Roadside assistance	Accidental damage	Storm	Choice of repairer	Agreed or Market Value
QBE Comprehensive Motorcycle Insurance Green Company					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.	Get QuoteView details Compare	loading Fetching your data...
Youi Comprehensive Motorcycle Insurance					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.	Get QuoteView details Compare	loading Fetching your data...
Budget Direct Comprehensive Motorcycle Insurance	Optional			Optional	Agreed or Market	Get QuoteView details Compare	loading Fetching your data...
AAMI Comprehensive Motorcycle Insurance					Agreed	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.	View details Compare	loading Fetching your data...

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Motorcycle insurance costs guide

The cost of motorcycle insurance varies between providers and your cost will depend on your personal circumstances, the below should be used as a guide only.

Providers	Annual Cost
	$703.66
	$936.60
	$885.56
	$1,293.45
	$1,758.17

• 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 1 November 2024
  • No discounts, no memberships, no add-ons
  • Drives 4,000–8,000km per year
  • Located in Sydney NSW, 2000
  • 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.

Age is no guarantee of wisdom

According to Suncorp claim statistics, the largest number of motorbike insurance claims are made by bike owners between 51-60 (26.40%) with the 41-50 age group close behind (25.52%). Just because you're experienced, doesn't mean accidents won't happen.

Which type of motorcycle insurance is best for me?

Comprehensive motorcycle insurance

Comprehensive motorcycle insurance is best if you want full protection. It's the only level of insurance to cover damage to your own bike, including theft, as well as other people's vehicles and property. It's good for people who:

• Would not be able to replace their bike if it was written off
• Value their motorcycle and want to protect it

Third party motorbike insurance

This covers damage to other people's property, including their vehicles. Many insurers will allow you to add fire and theft protection for your own bike. It's a good level of cover for people:

• On a budget with a low-value motorbike
• Who could afford to replace their bike if it was written off

Compulsory third party

This is mandatory and covers people injured by your bike because of an accident. It's good if:

• You can only afford the bare minimum
• You could afford to pay for damage to other people's property (keep in mind this could be extremely expensive)

Expert tip on finding the best motorcycle insurance for your needs

Our expert says

"If you're getting comprehensive cover and have expensive motorcycle gear, make sure you take a look at apparel cover. Some insurers will cover you for different amounts – for example, some, such as QBE cover you for up to $4,000. Others including Budget Direct, only include riding gear cover as an optional extra."

Gary Ross Hunter

Editor, Insurance

"We recently bought a motorcycle and decided to insure it with a comprehensive policy from QBE. We chose QBE because it offered a good amount of coverage with generous benefit limits and it came in the cheapest of the other quotes we got. I'm usually cautious of going with the cheapest provider but QBE's policy includes the coverage we need so it's just a bonus that it was the most affordable for us too."

Peta Taylor

Associate publisher

Frequently asked questions

• How much is my bike insured for?

  When you take out your insurance you can choose to insure your bike for an agreed value or market value.

  • The agreed value is agreed upon when you first take out your insurance policy.
  • The market value is determined by the insurer depending on the market value of your vehicle at the time of the accident.

• My bike is brand new. Will I get a new bike if I have an accident?

  In general, the new bike replacement option is in place for two years from the time you take out your insurance policy. After that, you'll be reimbursed for the agreed value or the market value as per your policy. Check the PDS for more information.

• Are pillion passengers covered by my insurance?

  For standard policies, pillion passengers are generally not covered. You need to make a specific request for this to be added on and it'll come at an extra cost. Again, check the PDS to confirm this.

• Are sidecars included in my policy?

  Generally, these are an extra that must be manually added on, as they're not a standard inclusion for motorbikes upon purchase.

Written by

Gary Ross Hunter

Editor, Insurance

Gary Ross Hunter was an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, The Guardian and news.com.au. Gary holds a Kaplan Tier 2 General Advice General Insurance certification which meets the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

Gary Ross's expertise

Gary Ross has written 649 Finder guides across topics including:

• Health, home, life, car, pet and travel insurance
• Managing the cost of living

Co-written by

James Martin

Editor

James Martin was the insurance editor at Finder. He has written on a range of insurance and finance topics for over 7 years. James often shares his insurance expertise as a media spokesperson and has appeared on Prime 7 News, WIN News, Insurance News, 7NEWS and The Guardian. He holds a Tier 1 General Insurance (General Advice) certification and a Tier 1 Generic Knowledge certification, both of which meet the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

James's expertise

James has written 213 Finder guides across topics including:

• Car, home, life, health, travel and pet insurance
• Managing the cost of living
• Money-saving tips