Home » Motorcycle

Motorcycle Insurance

Motorcycle Insurance

With so many different types of motorcycles and policies to look at, we provide the information you need to make the best decision. Our motorcycle policies protect many different types of bikes, including cruisers, limited production cruisers, high performance bikes, touring, sport touring, mopeds, scooters, and trikes such as the Can-Am Spyder. We can even offer policies for older vintage models, they typically have larger discounts for the style of riding and care. Get the coverage fit for you, and we’ll take care of the rest. 

Bodily Injury & Property Damage — BI/PD covers you if you’re at fault for an accident that injures another person or damages someone’s property, up to the limits you select.

Accident Benefits — This is the big one for motorcycle insurance, and consists of the majority of your premium. This coverage pays for the medical attention you may require after an accident such as medical rehabilitation and attendant care.

Comprehensive & Collision — This motorcycle insurance coverage pays to repair or replace your motorcycle if it’s stolen or damaged in an accident, regardless of who is at fault. For each coverage, you select a deductible that you pay out of pocket. We pay for the remaining damage.

Uninsured or Unidentified Motorist  — When the person at fault for an accident doesn’t have insurance or doesn’t have enough insurance, UM/UIM will cover your injuries and damages that the at-fault party is legally liable for, such as medical treatment and lost wages.

  • Home & Motorcycle Discount
  • Multi Wheel Discount (motorcycle and auto)
  • Claims Free Renewal
  • Loyalty Discount
  • Multi Motorcycle Discount
  • Safety Courses
  • Vintage Motorcycle Discount

Factors that could affect your insurance

  • Your choice of motorcycle – Different types of motorcycles may have different insurance implications. For example, some sports motorcycles have the potential to go significantly faster than other types. Because of their increased capacity for speed, they can often be more expensive to insure, or even excluded with certain companies.
  • Your driving record – If your record shows previous accidents or irresponsible acts, your insurer may look at you as a higher risk and charge you more for coverage. Your continuous insurance history could also improve your rating.
  • Where you live/park your motorcycle – The security of your neighbourhood can play a role in assessing your motorcycle insurance premium. If your area has high crime rates there could be a higher chance of your bike being stolen or damaged. Higher claim risks could mean higher insurance premiums.
  • Completing a safety course – In terms of motorcycle insurance, the more competent you are as a rider, the less of a risk you pose. Therefore, it’s important to mention any training courses you have taken to your insurance broker so they can see if there are any additional savings to be had.
  • Age – Insurance companies may evaluate statistics on the number of motor vehicle accidents by age group and use the data to calculate different risk factors. If the data shows younger drivers are more at risk of being involved in an accident, their rates are likely to be higher. Similarly, the data may show a higher frequency of accidents for people past a certain age with rates adjusted accordingly.

Motorcycle Insurance FAQs

I don't ride my motorcycle in the winter, can I cancel my insurance?

Yes, you do have the ability to cancel your policy midterm. However, with most companies there is a cancellation fee and it often is more than the money you would save. This is because most companies who insure motorcycles in Ontario realize that the bike is typically only on the road in the summer so they allocate the premium to those months. If you are cancelling in the colder months of the year, there is going to be a good chance your premium is fully earned i.e. no credit. 

My motorcycle cost $500, why is the insurance so expensive?

The value of your motorcycle does play a role in determining the premium for your motorcycle insurance policy (coverages such as collision, fire, theft, etc). However, the majority of the insurance premium and the reason it may be more than the value of your bike comes from the accident benefits portion of your policy. This is the portion of the policy that covers you if you are injured in an accident. With a motorcycle the potential damage is historically a lot worse than a car insurance accident when it comes to injuries. 

What kind of motorcycle insurance do I need?

In Canada, motorcycle insurance is the law. This can include third party liability, accident benefits, and uninsured automobile coverage. Required coverages vary from province to province, so talk to an insurance broker about what you need before you hit the road.

What should I do when I get my motorcycle insurance renewal notice?

You should never simply ignore ANY insurance renewal notice. If you don’t intend to renew your policy, always call us as soon as possible (you normally receive your renewal notice between 30 and 45 days before the renewal date) so we can advise you of your best options. For example, sometimes NOT renewing can cause you to pay more for a new policy later. Also, if you don’t call in advance, the insurance company could go into your bank account if you are on automatic payments (virtually all companies do that with motorcycle and auto policies), so you want to be sure you are making the right decisions for your circumstances.

Will driving convictions from my vehicle affect my motorcycle insurance?

Yes, all driving convictions on your drivers licence are considered when determining your motorcycle insurance premium. You have one drivers license, with all the classes of vehicles your are allowed to operate on it.