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Budget Direct Motorcycle Insurance

Choose between three core policies. Get help for emergencies or breakdowns on the road, 24/7.

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Budget Direct Insurance

If you’re looking to insure your bike, you may find a Budget Direct motorcycle insurance policy that suits your needs. There are three main levels of cover that can offer peace of mind before you get behind the wheel.

Read on to find out the key points on the motorcycle insurance offered by Budget Direct.

Compare policies and apply securely

Name Product Accidental Damage Roadside Assistance New Car Replacement Fire and Theft Guarantee on Repairs
Budget Direct Insurance Comprehensive Motorcycle Insurance
S$500,000
Optional
No
Yes
No guarantee on repairs done by your own workshop.
Comprehensive motorcycle insurance premiums have been recently cut by 25%. T&Cs apply.
Budget Direct Insurance Third Party Only Motorcycle Insurance
S$500,000
Optional
No
No
No guarantee on repairs done by your own workshop.
Budget Direct Insurance Third Party Fire and Theft Motorcycle Insurance
S$500,000
Optional
No
Yes
No guarantee on repairs done by your own workshop.
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More about Budget Direct motorcycle insurance

Budget Direct was founded in 2000 and today offers motorcycle, travel, car and home cover to millions of policyholders across the world. Budget Direct’s policies are underwritten by Auto & General Insurance (Singapore) Pte. Limited, which is part of the global BHL Group. The group has divisions which span four continents, generating more than $2bn in annual revenue.

Budget Direct motorcycle insurance levels of cover

With Budget Direct, you have three levels of cover to choose from – Comprehensive, Third Party, Fire and Theft; and Third Party Only.

Comprehensive cover

This is the most cover offered by Budget Direct. It gives all of the same protection of third party, fire and theft cover; along with cover for any damages to your motorcycle.

Third party, fire and theft cover

This mid-range insurance covers the cost of any repairs following damage or injury to other people’s vehicles and property. Plus, it covers you against loss or damage to your motorcycle if it’s stolen, or gets damaged by fire.

Third party only

This is the most basic type of motorcycle insurance and it will only cover any injury or damage you cause to other vehicles and property. It doesn’t offer any financial assistance for injury to you or repairs to your vehicle.

In addition to what’s covered by each of these three policies, you can pay to get specific add-ons (which are called Optional Cover). For example, if you choose a No Claims Discount Protector (NCD) you can retain your annual policy discount if you have one accident over the course of your policy term.

The policy details in the table below are general overviews of the main inclusions that come with each cover level. For more detail on the inclusions, along with any exclusions and conditions that apply, we recommend that you check the policy wording on this provider’s website.

Cover FeatureComprehensiveThird Party, Fire and TheftThird Party Only
Injury or death to someone else
  • Unlimited cover
  • Unlimited cover
  • Unlimited cover
Damages to other people’s property
  • Up to S$500,000
  • Up to S$500,000
  • Up to S$500,000
Legal costs
  • Up to S$3,000
  • Up to S$3,000
  • Up to S$3,000
Towing costs
  • Up to S$300 – the limit is S$100 for tows within Singapore
  • Up to S$300-only for fire to or theft of your bike
  • N/A
Damages or loss to your motorcycle after fire
  • Up to the market value of your bike
  • Up to the market value of your bike
  • N/A
Damages or loss to your motorcycle after theft
  • Up to the market value of your bike
  • Up to the market value of your bike
  • N/A
Damages or loss to your motorcycle due to vandalism or natural events
  • Up to the market value of your bike
  • N/A
  • N/A
Damages to your motorcycle if someone crashes into you, including when it’s your fault
  • Up to your bike’s market value
  • N/A
  • N/A

What add-ons are available?

With Budget Direct, you’ll need to add a number of optional extras onto your policy if you’re willing to pay a little more for your premium. Be aware that some of the following add-ons won’t be available to you if you buy third party, fire and theft; or third party only cover.

  • Personal Accident cover. Get cover of up to S$50,000 in case of injury or death to the rider of your motorcycle after an accident.
  • Medical Expenses. Get up to $500 in cover for you or your pillion passenger following an accident involving your motorcycle. A claim excess of S$100 (excluding GST) applies.
  • No Claim Discount (NCD) Protector. Retain your hard-earned No Claim Discount in the event you need to make up to one claim on your insurance.
  • Modifications and accessories. To get paid out, these changes will need to be LTA compliant and pre-approved by Budget Direct.
  • Transport Allowance. If your motorcycle’s out of action, you could get a S$30 transport allowance per day for up to 10 days.
  • Roadside Assistance. Get help for emergencies or breakdowns on the road, 24/7.
  • Overseas Emergency Allowance. Get up to S$500 in cover per person after an accident in Malaysia or Thailand.

What won’t be covered?

You won’t make a successful claim under your Budget Direct motorcycle insurance policy if:

  • Your motorcycle was being used for business purposes
  • Your motorcycle was being ridden by an unlicensed rider or someone whom the insurer has declined to cover
  • Your motorcycle was being ridden by someone who was under the influence of alcohol or drugs
  • Your motorcycle was being driven while in an unsafe or un-roadworthy condition
  • Your motorcycle was subjected to a deliberate, intentional, malicious or criminal act by you, anyone person driving your motorcycle, or anyone else acting with your consent
  • It is for loss or damage that occurs after an accident, theft or breakdown unless you have taken reasonable steps to protect your motorcycle
  • Your motorcycle was being ridden outside the covered geographical limits of your policy
  • Your motorcycle is being used for purposes of racing
  • It is for any loss of use of your motorcycle
  • It results from the lawful seizure of your motorcycle
  • A claim which is in any way fraudulent, false or exaggerated
Make sure you read Budget Direct’s terms and conditions on their website, to understand the full policy exclusions before signing up to a policy.

Pros and cons of Budget Direct motorcycle insurance

Benefits

  • Take advantage of competitively priced insurance.
  • Hassle-free application process.
  • Get any accident repairs carried out at a workshop of your choice.
  • Opportunities to save on your premium. If you commit to paperless billing, you’ll get a S$20 reduction on your insurance.
  • 5% off. Get this discount if you commit to driving in Singapore only (comprehensive plans only).

Drawbacks

  • You may have to purchase multiple add-ons to get the cover you need
  • No personal accident coverage
  • No medical expenses
  • Excess payments. Budget Direct has a standard policy excess of S$300 which must be paid on all claims. Also, you have to pay an extra excess of S$500 if you’re below 25 years old or /and a further S$500 if you’ve owned a motorcycle licence for less than two years. These figures exclude GST.

Apply for Budget Direct motorcycle insurance

When you click on the green ‘Go to site’ button at the top of this page, you’ll be taken to the Budget Direct website to start your application.

How to make a claim

You can file a claim with Budget Direct either online, or by calling 6221 2199 if you’re within Singapore. If you’re overseas, call +65 6540 2199. Phone lines are open 24/7. You can also visit a branch in-person in Singapore.

You’ll be directed to a claims executive who will be responsible for handling your claim. Your claims process may be faster if you have certain details to hand, including:

  • Your policy number
  • Your NRIC details
  • Details of the incident (such as the time and place it happened)
  • Other drivers’ names, addresses, vehicle registration numbers, and insurance details
  • Details of any witnesses
  • Police report number (if applicable)

Frequently asked questions

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