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An introduction to motorcycle insurance in Canada
Matt Hands, VP, Insurance
In Canada, motorcycle insurance works similarly to other types of auto insurance in that there are required coverages you need and optional coverages you can choose from. Depending on the province you live in, there are different rules and regulations. Understanding this can help you get the best motorcycle insurance rate (with the right level of coverage) for your personal situation.
Types of motorcycle insurance in Canada
Although mandatory motorcycle insurance requirements vary by province, you'll have the flexibility to personalize your policy with additional options, regardless of your location. Here's a brief overview of the primary coverages available for motorcycles in Canada.
Third-party liability
Accident benefits
Uninsured motorist
Direct compensation for property damage
Collision
Comprehensive
Optional endorsements
How motorcycle insurance differs across Canada
Your motorcycle insurance policy will differ depending on the province you live in as each one has its own rules and regulations. Below, we break down the main differences, including each province's required and optional coverages.
Common motorcycle insurance policy add-ons
Motorcycle insurance add-ons allow you to customize your insurance policy to better suit your needs. While the specific add-ons available can vary by insurance provider, here are some popular options you can ask your broker about.
Acessories coverage
This add-on covers the cost of repairing or replacing custom parts, accessories that aren't typically included on a standard bike.
Trailer coverage
As a form of trailer insurance, this add-on extends coverage to any trailers you use to transport your motorcycle.
Personal effects coverage
This is exactly what it sounds like – coverage for your personal riding items, such as your helmet and saddlebags.
Emergency roadside assistance
In the event of a roadside emergency, this pays for expenses such as battery jumps, gas, and towing.
Trip interruption coverage
This covers expenses related to lodging, meals, and transportation if your motorcycle breaks down during a trip away.
How much is motorcycle insurance in Canada?
The average cost of motorcycle insurance is about $1,600, but it can fluctuate based on a number of factors. For a better estimate, give us a call – we'll give you free, no-obligation quotes.
1.888.616.1868Recent motorcycle insurance quotes from Ratehub.ca
For reference, here are three different rates our users received after comparing personalized motorcycle insurance quotes with us. Keep in mind, again, that you won't know the exact cost you'll be paying until you take a look for yourself – so be sure to connect with one of our licensed brokers today.
- $44/month
68-year-old male
riding a 2008 Yamaha V-Star 1100 Custom under Economical Insurance
- $64/month
61-year-old male
riding a 2014 Honda Aero under Aviva Canada
- $103/month
30-year-old male
riding a Royal Enfield INT650 under Wawanesa Insurance
Factors that your impact motorcycle insurance quote
Generally speaking, the more risk you and your bike bring, the higher your insurance rate will be. Here, we cover a few different factors insurers look at when calculating your personalized quotes.
Your bike
Age & demographics
License Class
Driving record
Location
Type of coverage
Motorcycle insurance discounts
How to get the cheapest motorcycle insurance quotes
Securing affordable motorcycle insurance comes down to a combination of factors, including understanding the quoting process and limiting the overall risk you bring. Here are a few steps you can take to ensure you're getting the best rate on the market.
Shop and compare
Every year, you can compare quotes from multiple providers to see who will give you the cheapest motorcycle insurance.
Increase your deductible
The deductible is the amount you have to pay in the event of a claim. If you can afford a higher deductible, your insurance premiums will come down.
Install anti-theft technology
Your insurer may even reward you with discounts for installing technology that reduces the chance of theft. This also helps reduce the chances of you making a claim.
Take a motorcycle course
Insurers like to see safe riders when it comes to quoting, so graduating from an accredited motorcycle school can help reduce your rates substantially.
Pay annual premiums
While riding season may only last from May to October, most insurers offer annual policies while adjusting the price to account for limited-use periods. Paying the amount in full can help lower your total cost.
Bundle insurance products
If you have home, condo, tenant, or auto insurance, bundling policies together with one company can help you save money.
Join the club
Some insurance companies offer discounts to members of well-known motorcycle riders clubs. Also remember to ask about savings with union or alumni groups.
Maintain a clean driving record
Just like auto insurance, the best way to continually save money is to keep your driving record free from accidents and tickets.
Choose your bike carefully
Insurers look at the statistical risk factors related to your bike, so sports bikes, for instance, are generally quoted higher. And of course, higher CC bikes lead to higer rates.
Get your full license
Getting your full license will help you get the best rates on the market. Sometimes, insurers may not even quote you if you haven't graduated past a certain motorcycle license.
Ready to see your personalized motorcycle insurance quotes for free?
In just a few steps, we'll connect you with a licensed auto insurance broker who will guide you through the process of securing your personalized motorcycle insurance policy.
Frequently asked questions on motorcycle insurance
Do I need to get motorcycle insurance?
So do you have to get motorcycle insurance? Motorcycle insurance is mandatory in Ontario if you’re using your bike off private property which will be the case for most, if not all, riders. Similarly to auto insurance, you’ll need the four mandatory coverages: third-party liability, accident beenfits, uninsured motorist, and direct compensation-property damage.
Do I need insurance for my Vespa?
Insurance for any scooter whether it’s a Vespa or Piaggio, requires motorcycle insurance. However, it’s much cheaper than traditional motorcycle insurance would cost.
Do I need insurance for my E-bike?
No, there is no requirement for E-bike riders to get insurance, however, it is a good idea to get coverage for damage to your electric bike as well as third-party liability and personal injury coverage. At this time, most insurance companies don’t offer any specific coverage for electric bicycles.
Do I need a motorcycle license to get insurance?
No, you don’t need a license to get insurance. However, most insurance companies will offer lower rates the longer you hold a motorcycle license, even without insurance or a motorcycle.
Do I need comprehensive motorcycle insurance?
Due to the high probability of theft, comprehensive insurance is a must on your policy (but no law requires it).
Can I bundle my auto and motorcycle insurance?
Yes, most motorcycle insurance companies offer multi-vehicle policies that allow you to bundle your car and motorcycle together for a discount. If you own more than one bike, you can also ask about bundling the vehicles together to get cheap motorcycle insurance.
Can I bundle my home and motorcycle insurance?
Yes, if your motorcycle insurance company also offers home insurance, you may be able to receive a discount by purchasing both types of insurance under the same provider. And if you also bundle your car insurance on top of your motorcycle and home policies, you could qualify for even cheaper motorcycle insurance.
What do I need to know about M1 motorcycle insurance?
With an M1 licence you can only get insurance through the facility association. While they work with insurers to find you the best rate, it may only be around $4,000 per year. If you’re under 21 and you only have your M1, you could be looking at over $7,000 annually to be insured.
Also, some insurers won’t even offer insurance if you only have your M1, such as Aviva and Wawanesa.
How much is motorcycle insurance in Ontario?
The cost of motorcycle insurance in Ontario can range from $1,500 to $3,500 on average. A 24-year-old M1 rider living in downtown Toronto will pay nearly $4,000. As soon as this rider gets his M2, that insurance could be cut in half. Rider training is also essential to lowering rates.
Can I get seasonal motorcycle insurance in Ontario?
Most motorcycle insurance policies in Ontario are already adjusted for seasonal use because insurers won’t expect you to ride your bike during the winter months. If you want to cancel your policy early, be aware that you may not get a refund, and gaps in coverage could lead to higher rates in the future.
Where can I find a motorcycle insurance broker in Ontario?
By dialling RH Insurance at 1-888-616-1868 or booking a call online, you can connect with one of our licensed motorcycle insurance brokers and recieve motorcycle quotes to protect your bike with the coverage needed.