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 off their first year's premium 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.

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

Product Accidental damage Roadside assistance Fire and theft Agreed or market value
Budget Direct logo
Agreed or Market
QBE Motorcycle Insurance logo
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.
Youi Motorcycle Insurance logo
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.
AAMI logo
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.
NRMA Motorcycle Insurance logo
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.

Provider
Cost for bike valued at $7,000
$495.64
$538.88
$983.06
$684.38
Unable to get online quote
$594.12
$1,023.98
Unable to get online quote
Unable to get online quote

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

Product
Roadside assistance
Accidental damage
Storm
Choice of repairer
Agreed or Market Value
Budget Direct logo
Optional
Agreed or Market
Budget Direct logo
Market
Budget Direct logo
N/A
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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 - Accident Hire Car - Budget Direct will arrange and pay for the daily cost of a compact hire car up to a maximum of $75 a day and up to a maximum of 14 days.

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.

Compare other products from Budget Direct

Gary Hunter's headshot
To make sure you get accurate and helpful information, this guide has been edited by Gary Hunter as part of our fact-checking process.
Nicola Middlemiss's headshot
Journalist

Nicola Middlemiss is a journalist with nearly a decade of experience in personal finance and insurance. She has contributed to Domain, Yahoo Finance, Money Magazine and Insurance Business Australia, offering in-depth insights into commercial insurance in the Australian market. Nicola holds a Bachelor’s degree in English from the University of Leeds and a Tier 1 General Insurance (General Advice) certification, which complies with ASIC standards. See full bio

Nicola's expertise
Nicola has written 243 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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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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