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
Roadside assistance
Accidental damage
Storm
Choice of repairer
Agreed or Market Value
Mi-bike Motorcycle Insurance logo
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 Motorcycle Insurance logo
Market
Protects your motorcycle against storms, flood, fire, theft, transit damage and third-party liability.
Mi-bike Motorcycle Insurance logo
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 Accidental damage Roadside assistance Fire and theft Agreed or market value
Mi-bike Motorcycle Insurance logo
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 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.
Budget Direct logo
Agreed or Market
NRMA Motorcycle Insurance logo
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
$851.68
$2,428.02
Unable to get online quote
Unable to get online quote
$804.14
$1,753.27
$539.34
$1,281.24
$1,103.81
Phone call needed to confirm quote
$688.33
$1,114.77
$521.81
Did not offer insurance.
$1,103.29
Phone 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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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

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