Motorcycle insurance
Does motorcycle insurance cover theft of your motorcycle?
Buy at these prices through Shenton Insurance Brokers: https://shentonbrokers.com/covers/does-motorcycle-insurance-cover-theft-of-your-motorcycle
Motorcycle insurance promotions today: ECICS, 15% off; Etiqa, 10% off. Prices shown include discounts from featured insurers; other insurers are shown at full price with no discount.
Yes, on comprehensive and on third party, fire and theft plans. All 6 insurers we compare set terms on a theft claim: a bike stolen outside Singapore carries an excess of half its value, capped at S$2,000 to S$3,000. A third-party-only plan does not pay for your own bike at all.
The figures
- Insurers compared: 6, with 20 plans between them.
- Insurers with at least one plan that covers it: 6.
- Cheapest plan that covers it, for a Class 2B bike (up to 200cc), rider aged 30: ECICS ECICS Motorcycle Insurance Comprehensive (riders 22 to 70, no delivery use), S$368.78.
- Median price among the insurers that cover it, for the same example: S$386.72.
What each insurer says
| Insurer | Covered? | What the policy says | From |
|---|---|---|---|
| ECICSYes, with limitsfrom S$368.78 | Yes, with limits | ECICS Motorcycle Insurance Comprehensive (riders 22 to 70, no delivery use)3 of its 3 plansTerms: A bike stolen outside Singapore: an excess of 50% of its market value, up to S$3,000 | S$368.78Buy Now |
| FWDYes, with limitsfrom S$386.72 | Yes, with limits | FWD Motorcycle Insurance (underwritten by Income) Comprehensive3 of its 3 plansTerms: A bike stolen outside Singapore: an excess of 50% of its market value, up to S$2,500 | S$386.72Buy Now |
| IncomeYes, with limitsfrom S$386.72 | Yes, with limits | Income Motorcycle Insurance Comprehensive3 of its 3 plansTerms: A bike stolen outside Singapore: an excess of 50% of its market value, up to S$2,500 | S$386.72Buy Now |
| DirectAsiaYes, with limitsfrom S$487.56 | Yes, with limits | DirectAsia Motorcycle Comprehensive (riders 21 to 65 with two years of licence)3 of its 3 plansTerms: A bike stolen outside Singapore: an excess of 50% of its market value, up to S$2,000 | S$487.56Buy Now |
| EtiqaYes, with limitsfrom S$519.08 | Yes, with limits | Tiq ePROTECT motorcycle Comprehensive (riders 26 to 65, personal use)5 of its 5 plansTerms: A bike stolen outside Singapore: you bear 50% of its value, up to S$2,500 | S$519.08Buy Now |
| Budget DirectYes, with limits | Yes, with limits | Budget Direct Motorcycle Comprehensive (riders 25 to 75, personal use)3 of its 3 plansTerms: A bike stolen outside Singapore: an excess of 50% of its market value, up to S$2,000 | – |
All prices include 9% GST. A dash means the plan has no price for this example. Each insurer's policy wording is the final word on what is covered.
The prices are estimates: the insurer's own quote can differ.
See every insurer's price for your own answers, with each plan's cover side by side.
Compare motorcycle insuranceBuy Now addresses
Each listed insurer's best-value plan for a Class 2B bike (up to 200cc), rider aged 30, lowest premium first.
- ECICS, ECICS Motorcycle Insurance Comprehensive (riders 22 to 70, no delivery use): https://purchase.ecics.com/motorcycle/insurance/basic-detail?manual=true&partner_code=B0000030&promo_code=SPECIAL15
- Income, Income Motorcycle Insurance Comprehensive: https://shentonbrokers.com/go/buy/motorcycle/income/comprehensive?capacity=200®Date=2023-11-12&licenceYears=5&ncd=20&claims=no&dob=1996-11-12&gender=m&usage=private
- Etiqa, Tiq ePROTECT motorcycle Comprehensive (riders 26 to 65, personal use): https://www.tiq.com.sg/buy-online/motorcycle-insurance/quotation/?referral=A501895
Questions people ask
Does motorcycle insurance cover theft of your motorcycle?
Yes, on comprehensive and on third party, fire and theft plans. All 6 insurers we compare set terms on a theft claim: a bike stolen outside Singapore carries an excess of half its value, capped at S$2,000 to S$3,000. A third-party-only plan does not pay for your own bike at all.
Where do these answers come from?
From each insurer's own policy documents: the benefit table and exclusions of every live plan we compare, 20 plans from 6 insurers. The policy wording is the final word on what is covered.
Which plan is cheapest?
For a Class 2B bike (up to 200cc), rider aged 30, ECICS ECICS Motorcycle Insurance Comprehensive (riders 22 to 70, no delivery use) is the cheapest plan that covers it, at S$368.78 today, GST included. The median of each insurer's lowest price is S$386.72.