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Rider Profile: Single, 35-year-old male rider with 5 years of experience and a 20% NCD, riding a 2022 Honda CBF150
Source: ValueChampion consumer research study.
Comparison based on each insurer's base plan with no add-ons. Coverage features may differ.
^For more details, visit valuechampion.sg/best-cheap-motorcycle-insurance#safe
Immediate cover starts from just $150*. Get quality motorbike insurance cover rated 4.7/5 stars by customers! Learn more about our philosophy of delivering quality motorcycle insurance at cheaper prices.
*Actual premiums may vary based on various factors.
Our after-hours emergency hotline and Emergency Assistance Web App means you can get in touch with us any time. We’ll be there for you when you need us. You can count on us.
Pay less when you buy your bike insurance direct. No middleman or agency fees means you make a big saving.
Compare benefits, features, claim limits and optional extras of our different motorbike insurance plans.
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What We Cover |
Comprehensive Highest level of cover for greatest peace of mind. Covers your liability for damage or injury/death caused to others and their property. Covers loss of or damage to your motorcycle by fire, natural disasters, vandals, theft or accident. |
Third Party Fire and Theft An “in-between” plan. In addition to the Third Party Only cover, covers loss of or damage to your motorcycle by fire or theft. |
Third Party Only Basic plan for budget-conscious bikers. Covers your liability for damage or injury/death caused to others and their property. Does not cover any loss of or damage to your motorcycle. |
|---|---|---|---|
| Bodily injury or death to other people in a motorcycle accident | Unlimited Cover | Unlimited Cover | Unlimited Cover |
| Damage to other people’s property in a motorcycle accident | S$500,000 | S$500,000 | S$500,000 |
| Legal costs & expenses following a motorcycle accident | S$3,000 | S$3,000 | S$3,000 |
| Towing after an accident | Included (up to S$300 for overseas tow and S$100 for local tow) |
Included: up to S$300 for overseas tow and S$100 for local tow (only for fire to or theft of your motorcycle) |
Not included |
| Loss or damage to your motorcycle by fire or theft | Included | Included | Not included |
| Damage to your motorcycle by vandalism | Included (up to market value of your motorcycle) |
Not included | Not included |
| Damage to your motorcycle by fallen trees, flood, storms or any other natural disaster | Included (up to market value of your motorcycle) |
Not included | Not included |
| Damage to your motorcycle if someone crashes into you | Included (up to market value of your motorcycle) |
Not included | Not included |
| Damage to your motorcycle if you accidentally crash your motorcycle into something else | Included (up to market value of your motorcycle) |
Not included | Not included |
Show More |
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What We Cover |
Comprehensive |
Third Party Fire and Theft |
Third Party Only |
|---|---|---|---|
| Personal Accident | Available | Available | Available |
| Medical Expenses | Available | Available | Available |
| No Claim Discount (NCD) Protector | Available | Available | Available |
| Overseas Emergency Allowance | Available | Available | Not available |
| 24 Hours Roadside Assistance | Available | Available | Not available |
| Transport Allowance | Available | Available (for fire or theft claim only) |
Not available |
| Modifications and Accessories | Available | Available (for fire or theft claim only) |
Not available |
| Singapore Only | Available | Not available | Not available |
Private Settlement Form
Product Disclosure Document
Last Updated: 12 November 2021
Cut costs without cutting back on your insurance!
Here are ways you can enjoy big savings.
Build your cover for you and one other person you allow to use your motorcycle. Learn about our Motorcycle Insurance Named Rider plan.
We ask details about how you use your motorcycle so that you pay only for what you need. You have 3 options to choose from.
All repairs carried out at our Authorised Workshops are guaranteed against defects of repairs for 12 months. You can choose which worksho to go to so long as it is on our list of Authorised Workshops.
Your premium will be S$20 (Including Prevailing GST) cheaper if you opt to go paperless. All your documents will be sent via email and you can also retrieve them from the Policy Manager.
Want cover just for Singapore? You will get a discount on your insurance premium. A smart way to cut down your costs. Available for comprehensive policies only.
Excess is the amount that you have to pay towards your claim. At Budget Direct Insurance our standard policy excess for motorcycles is S$500. You can choose to reduce or increase this amount depending on your claim experience and budget.
For motorcycle you can reduce your excess right down to zero. This will increase your premium but means you pay less excess if you have to make a claim. You can also increase your excess up to S$800 - which means you pay less premium.
Be ready with details on your riding history (years of experience and claims history, if any).
Find out the No Claims Discount (NCD) you’re entitled to.
Be prepared with details on your additional rider you would like to be covered under our Named Rider Plan, such as their particulars and claims history, if any.
Tip: If you don’t have all the information on hand, don’t worry you can still get started on your quote. You can save it at any time and come back to it later. Remember that any mis-declaration may void your motorcycle insurance!
We have three types of policies you can choose from for your motorcycle.
Third Party Only is the most basic plan and covers your legal responsibility for damage to other people’s property or bodily injury or death to other people caused by an accident involving your motorcycle. It doesn’t cover damage to your own motorcycle.
Third Party Fire and Theft covers the same as Third Party Only plus loss or damage to your motorcycle if it is stolen or catches fire.
Comprehensive covers the same as Third Party Fire and Theft plus any damage to your motorcycle up to its market value.
Under the Comprehensive and Third Party Fire and Theft plans, we insure your motorcycle up to its market value at the time of loss or damage.
No, we do not guarantee repairs to your motorcycle done by your own workshop.
We won’t insure Riders who have had their licence suspended or revoked in the last 3 years. And we won’t insure those who have been rejected or declined by an insurer in the last 3 years. We don’t cover riders who have a DUI charge (riding while under the influence of alcohol or drugs).
Yes, we can certainly cover your motorcycle which is more than 10 years-old, no problem. It is our aim to make the cost of your motorcycle ownership as affordable as possible. Whether you ride a moped, scooter, classic or vintage motorcycle, we're here for you. Budget Direct Insurance offers motorcycle insurance premiums from as low as $150. We also provide a wide range of optional covers.
You can report the motorcycle accident at our Motorcycle Accident Reporting Centres.
You can also report the motorcycle accident at any of our Car Authorised Workshops.
Your Budget Direct Insurance motorbike policy will allow you to authorise repairs without having to go through us, as long as the repair cost is below S$300.
The threshold of up to S$300 is only to allow essential repairs to be done to enable you to ride your motorcycle away from the scene of the accident immediately after it has happened. Otherwise, you must not carry out any repairs without prior authorisation from Budget Direct Insurance.
You can go to any workshop of your choice for all accident repairs.
There will be no replacement motorcycle. If you purchased our Transport Allowance optional cover we will pay you S$30 per day, capped at a maximum of 10 days per accident and subject to a total of 20 days per policy term. This optional cover includes an additional allowance of S$30 to "get you home" after an accident.
This Transport Allowance optional cover is only available for Comprehensive Motorcycle Insurance and Third Party Fire and Theft Insurance policy types.
The rider involved in the accident must report personally within 24 hours or the next working day, with a copy of his/her driving licence and NRIC, to any Accident Reporting Centre. The motorcycle must be present at the time of reporting.
If your renewal premium with your current insurer is cheaper than our premiums for the same level of cover, we’ll give you up to $80**, even if you don’t buy from us!
Find out more
Refer a friend to buy an annual policy and get a $20 e-shopping voucher. Your buddies will each get up to $50 in e-shopping vouchers with any policy they buy. It's a win-win!
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Already an existing customer? Get up to $50 in e-shopping vouchers with any additional insurance policy you buy.
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You may find it helpful to know what others think about our services and products before deciding to buy with us.
Here are all the reviews, unfiltered and unedited, from customers who have shared their feedback with us.
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