Are you ready to hit the road on your motorcycle?

As the weather warms up, it’s time to start thinking about motorcycle season. But before you hop on your bike, make sure to consider these things when it comes to the right motorcycle insurance coverage for you.

From what you need to know about getting a motorcycle insurance quote, to different options for coverage, here are some of the things you should know before you suit up and head out on the open road.

How much does motorcycle insurance cost?

There are a few different factors that play a part when it comes to how much you can expect to pay for bike insurance:

  • age or years licensed (depending on which province you live in)
  • riding experience
  • type of bike and engine size
  • where you live
  • what you’re using the bike for
  • type of coverage1

Getting a motorcycle insurance quote online is the most accurate way to find out what it will cost you. You can get a quote and it only takes a few minutes.

What type of insurance do you need?

Motorcycle insurance in Canada varies from province to province, just like car insurance. That means depending on where you live, you’ll need to check out what is legally required. The following list is what would typically be included with mandatory coverage:

Third-Party Liability – protection if you are responsible for bodily injury or property damage to others

Accident Benefits – provides medical treatment or income replacement if you are injured, regardless of fault

Uninsured Coverage – protection in the event of death/injury cause by uninsured motorist2


Also similar to car insurance, there are optional coverages like Collison and Comprehensive, as well as a variety of endorsements that can be added on to further enhance coverage, like our Accident Forgiveness or Replacement Cost coverage.

Is there a difference between motorcycle insurance and car insurance?

The coverage for motorcycle insurance is not much different from car insurance. The difference is in eligibility criteria, how premiums are calculated, and payment options. For example, due to Canada’s weather most motorcycles are only driven partially during the year, so a motorcycle insurance policy reflects that. Another difference is that a specific motorcycle license is needed to be insured and legally drive a bike.

Should you get full year coverage or partial year coverage?

Most insurance companies offer an annual policy but don’t charge premiums off season. That means you don’t have to worry about setting one up every spring, and you’re also not unnecessarily paying all year long.

Should I take a safety course?

Most provinces in Canada require you to take one as a new driver, but they’re also great as a refresher. Check your provincial government website for a list of different options. In Ontario, by taking a government approved course, you can also reduce mandatory graduated licensing waiting period3

Are there ways to save on motorcycle insurance?

Absolutely. From insuring multiple vehicles to adding an anti-theft device, find out all the different ways you can save on your motorcycle insurance.


Sources:

  1. http://www.ibc.ca/on/auto/buying-auto-insurance/types-of-coverage/motorcycle-insurance
  2. http://assets.ibc.ca/Documents/Brochures/Motorcycle-Safety.pdf
  3. http://www.mto.gov.on.ca/english/driver/motorcycle-safety-courses.shtml