Motorcycle Insurance: Singapore’s Cheapest^ Comprehensive plan (2024) for Safe Riders
Independent Service Rating based on 8515 verified reviews.
Ride with Greater Peace of Mind with Singapore’s Cheapest^ Motorbike Insurance for Safe Riders (Comprehensive Plans)
Cheapest Motorcycle Insurance in Singapore (Comprehensive Plans)
Rider Profile: Single, 35-year-old male rider with 5 years of experience and a 20% NCD, riding a 2022 Honda CBF150
^Based on an independent consumer research study. Comparison based on each insurer's base plan with no add-ons. Coverage features may differ. More details here.
More Reasons Why It Pays to Choose Budget Direct Insurance
Cheap and Good
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.
We’re here for you 24/7
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.
No Agent Commission
Pay less when you buy direct. No middleman or agency fees means you make a big saving.
Which type of Motorcycle Insurance do I need?
Compare our products and choose one that suits you.
More ways you can benefit
Cut costs without cutting back on your insurance! Here are ways you can enjoy big savings.
Named Rider Plan
Build your cover for you and one other person you allow to use your motorcycle. Learn about our Motorcycle Insurance Named Rider plan.
Vehicle Usage
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.
1. Private and Commuting Use
2. Private and Occasional Business Use
3. Private and Business Use
Authorised Workshops
All repairs carried out at our Authorised Workshops are guaranteed against defects of repairs for 12 months. You can choose which workshop to go to so long as it is on our list of Authorised Workshops.
Go Paperless
Your premium will be S$20 (before 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.
Opt for Singapore Only cover
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
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 (before prevailing GST). You can choose to reduce or increase this amount depending on your claim experience and budget.
Please remember to always refer to our Motorcycle Insurance Policy Document for full details.
Private Settlement Form | Product Disclosure Document
How do I add an optional cover to my policy?
You can add one or more of these benefits when you get a quote and buy a policy. If you’ve already bought a policy, then please contact us. Your additional cover if approved by us will take effect 7 days later.
What to do in an accident?
24x7 Claims Assistance
Help at your fingertips! Let us know what help you need and we will connect with you right away. For immediate attention, please call us at 6221 2199
Launch AppChecklist to getting a quick Motorcycle Insurance quote:
Be ready with details on your riding history (years of experience and claims history, if any).
Find out the No Claim Discount (NCD) you’re entitled to.
Be ready with details on your riding history (years of experience and claims history, if any).
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.
Confirm your Rider Plans to only pay for what you need.
Declare your Vehicle Usage.
Great Customer Feedback!
7522 verified reviews.
/5 stars based onYou may want to know what others think about our services and products before deciding to buy with us.
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Common Motorcycle Insurance Questions
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.
Motorcycle Insurance
Useful Links
Motorcycle Research & Statistics
- Motorcyclists Statistics Singapore 2023
A comprehensive guide to motorcyclists statistics in Singapore.