So you bought a motorcycle and you’re searching for motorcycle insurance in Canada . Maybe it’s your first bike, or maybe you’re upgrading to something bigger and faster. Either way, you’re excited to
hit the road. But before you turn that key, you need to make sure you have the right motorcycle insurance. Riding without proper coverage can lead to huge expenses if you get in an accident.
And in Canada, motorcycle insurance has some unique rules and options you need to understand. I this article, we’ll walk through everything you need to know about insuring your motorcycle.
Basic coverage
The minimum coverage required by law, basic coverage helps pay for injuries or damage you cause to others. It includes third-party liability and accident benefits. Third- party liability covers other people’s injuries or property damage. Accident benefits help pay for your medical bills, income replacement, and funeral expenses regardless of who’s at fault.
Comprehensive coverage
If you want more protection, comprehensive coverage is a good choice. It covers your bike for things like theft, vandalism, fire, weather events and collisions with animals. Comprehensive usually costs a bit more but can save you money if your bike is stolen or damaged.
Collision coverage
Collision coverage helps pay for repairs or the value of your bike if it’s damaged in an accident. Whether you’re at fault or not, collision has you covered. The coverage is optional but recommended if you have a newer, pricier bike.
Additional coverage
You can also add coverage like uninsured motorist which helps if an uninsured driver hits you, underinsured motorist, and roadside assistance. Roadside assistance provides emergency services like towing, battery boosts, flat tire changes and locksmith services.
With so many options, you can tailor coverage to your needs and budget. Compare quotes from different companies to find a policy that protects you and your wheels without costing a fortune. Riding safe and smart will also help keep your rates low so you can afford the coverage you want.
Are Motorcycles Allowed in Canada?
Canada is motorcycle friendly, so you’re in luck if you want to ride the open roads. Motorcycles are permitted in all provinces and territories, but you’ll need the proper license and insurance.
Licensing
To legally ride a motorcycle in Canada, you’ll need either a learner’s permit or a full motorcycle license, depending on your province. The process typically involves a written knowledge test, a road skills test, and possibly a vision test. Learner’s permits allow you to ride with restrictions like no passengers or night riding until you pass your road test.
Insurance
Just like cars, motorcycles are required to have insurance in order to be registered and operated on public roads. Motorcycle insurance provides liability coverage in case of an at-fault accident as well as optional coverage for your own bike. Rates vary depending on the value, make and model of your motorcycle as well as your own risk factors. You’ll want to shop around at different insurance companies to find a policy that fits your needs at an affordable price.
Riding Seasons
The motorcycle riding season in Canada typically runs from April through October, depending on your location. Northern and mountainous areas have shorter seasons, while southern coastal cities may allow year-round riding. Check with your local transportation authority for the exact dates motorcycles are permitted on public roads. And of course, use your own judgment – if there’s snow on the ground, your riding season is probably over.
So fill up the tank, check your tire pressure and hit the open road. Canada’s natural scenery and winding roads are best experienced from behind the handlebars of your motorcycle. Happy riding!
How Much Does Motorcycle Insurance Cost in Canada?
The cost of motorcycle insurance in Canada will vary depending on several factors, including where you live, the type of bike you have, and your driving history. On average, motorcycle insurance costs between $500 to $1,500 per year.
Location Matters
Insurance rates are higher in areas with greater traffic and higher rates of accidents and theft. So if you live in a major city like Toronto or Vancouver, you’ll typically pay more than in a small town. Rural areas also tend to have lower rates.
Type of Motorcycle
The make, model, and value of your bike significantly impact your premiums. Sport bikes and superbikes are considered higher risk, so insurance for these will cost more. Cruisers, tourers, and dual- sport bikes are viewed as lower risk, so they’re more affordable to insure. Antique or custom bikes also tend to cost more due to their higher value.
Your Driving Record
Your personal driving history and claims history are very important factors in determining your motorcycle insurance rate. If you have a history of at-fault accidents, traffic violations, or insurance claims, you’ll pay higher premiums. Safe riders with clean driving records get the best rates. Some insurers also offer further discounts for safety courses or anti-theft devices.
The key to finding affordable motorcycle insurance is to compare quotes from multiple companies. Be sure to discuss bundling options if you also insure your home or other vehicles. While rates may vary, with some shopping around you can likely find reasonably priced coverage so you can enjoy the open road.
Conclusion
So there you have it – the ins and outs of getting motorcycle insurance in Canada. While it can seem complicated at first, taking the time to shop around, consider all your options, and find the coverage that fits your specific needs and situation is worth the effort. With a little research, you’ll secure a policy to keep you and your bike protected on the road ahead. And you’ll have peace of mind knowing that no matter what comes up on your travels, you’ve got yourself covered. Ride on!