Motorcycles are generally considered to be more dangerous than other vehicles. Statistically, injuries and fatalities on the road are as much as five times higher amongst motorcycle drivers, compared to cars! It is, therefore, vital that you obtain motorcycle insurance. Having insurance will provide you with financial and liability coverage should you be involved in an accident. It acts as protection for you and other road users and is a legal requirement in Canada.
5 Best Motorcycle Insurance Providers in Canada
1. RATESDOTCA
Our top recommendation for motorcycle insurance in Canada is RATESDOTCA. RATESDOTCA is an insurance search engine partnered with more than 50 insurance providers across Canada. They are one of the most popular and well-established insurance providers in the country.
RATESDOTCA is partnered with some of the most popular insurers, including AVIVA, CAA, and Pem Bridge.
RATESDOTCA offers a variety of coverage options, including:
- Third-Party Liability
- Accident Benefits
- Uninsured Motorist
- Collision or Upset Coverage
- Comprehensive Coverage
- All Perils Coverage
- Specified Perils Coverage
RATESDOTCA will provide you with a free list of personalized insurance quotes. They will first request information about you and your motorcycle. You will also have to provide information about your driving and insurance history and your driving habits. You can then select the type of coverage you want and choose from the list of optional add-ons.
You will be provided with your list of tailored insurance quotes. You can select the quote that best fits your insurance needs and budget. You can then set up a call with RATESDOTCA, who will finalize the insurance coverage for you.
RATESDOTCA also offers some additional discount options on your insurance premium. You may receive a discount if:
- You bundle your insurance policies.
- You install a security system on your motorcycle.
- You take a certified motorcycle course.
- You belong to a connected alumni or association.
RATESDOTCA is currently only available in Ontario. For the best motorcycle insurance providers in other provinces, keep reading. If you are a motorcycle owner in Ontario, visit RATESDOTCA’s website today for more information or to receive your list of free insurance quotes.
2. Surex
Surex is an insurance broker that operates in 11 provinces and territories across Canada. They have provided insurance to more than 40,000 customers across the country and scored an impressive 4.8 out of 5 on Trustpilot.
You will be connected with an insurance broker who will shop with up to 10 insurance providers in your area. They will ensure you get customized coverage at a competitive rate. Surex is connected with some of the most popular insurance providers in Canada. This includes Aviva, Wawanesa Insurance, Pem Bridge, and Economical Insurance.
Your insurance broker will advise you on the type and level of coverage that is mandatory in your province. As well as the standard insurance coverage, Surex also provides additional coverage, including:
- Loss or Damage Coverage
- Third-Party Liability
- Accident Benefits
- Hit and Run Coverage
- Collision or Upset Coverage
- Comprehensive Coverage
- All-Perils Coverage
- Specified Perils Coverage
Once you have decided on the perfect level of coverage, Surex will help you to compare a list of insurance quotes. They can then help you to connect with the insurance provider directly or set up the policy.
For more information on Surex, or to receive your list of free, personalized insurance quotes, visit their website today.
3. Allstate
Allstate has been a popular insurance provider for more than 65 years. They are a member of The Allstate Corporation, one of the largest insurance organizations in the world. Allstate offers customized motorcycle insurance in Alberta, Ontario, Quebec, New Brunswick, and Nova Scotia.
Allstate offers affordable insurance policies for several types of motorcycles. This includes touring bikes, cruisers, motor scooters and standard motorcycles.
Allstate offers basic or comprehensive insurance coverage. As well as the standard insurance coverage, Allstate offers additional coverage for:
- Collision or Upset
- Comprehensive Coverage
- All Perils Coverage
You can request an insurance quote on Allstate’s website or be connected with an Allstate agent in your province. They will give you a free estimate of your motorcycle insurance and talk you through your coverage options.
Allstate is known for its excellent customer service. In addition to supporting you through the insurance purchasing process, they also support you if you need to file a claim. A claims processor is available to assist you 24/7.
If you need to have your motorcycle repaired, you can choose an Allstate Priority Repair Option (PRO) vendor. You will have a guarantee on your motorcycle repair for as long as you own the motorcycle.
Visit Allstate’s website to be connected with an insurance agent or to receive your free motorcycle insurance quote.
4. PC Insurance
PC Insurance is a popular insurance brokerage in Canada. They shop up to 8 insurance providers to find the best coverage and rates for your needs and budgets.
A broker from PC Insurance will ask for information about you and your motorcycle, your driving habits and history and your budget. They will then take into account the province you live in to ensure you have the correct legally required coverage. They will then consider any additional coverage you may require.
Your PC Insurance broker will then search through their database of insurance providers in your province. PC Insurance is connected with some of the most well-known motorcycle insurance providers. These include Aviva, Travelers, Intact Insurance, and Pem Bridge.
PC Insurance aims to help you save money. They offer some great tips on how to reduce the cost of your motorcycle insurance. These tips include:
- Bundle different types of insurance into one policy.
- Take a rider training program.
- Don’t ride with a passenger.
- Keep a clean driving record.
- Purchase a less powerful bike.
PC Insurance’s claims line is open 24/7. If you need any help or advice or need to make a claim, this gives you the peace of mind that you can contact them any time of the day or night.
PC Insurance is available in the majority of provinces. This includes Ontario, Alberta, Nova Scotia, Prince Edward Island, and Newfoundland.
Allowing a broker to search for motorcycle insurance on your behalf may save you time and effort and give you access to a lower insurance premium. Visit PC Insurance’s website today for more information.
5. Aviva
Our next offering is Aviva, one of the leading insurance providers in Canada. Aviva provides motorcycle insurance in all provinces and territories. They insure over 100,000 motorcycles and off-road vehicles in Canada.
As well as the mandatory insurance requirements for your province, Aviva offers some additional insurance options, including:
- Liability Coverage
- Accident Benefits
- Waiver of Depreciation
- Loss of Use Coverage
- Personal Effects Coverage
- Riding Gear
- Touring Packages
- Accessories and Equipment
- Trailer, Side Car or Sled
Aviva also offers all customers satellite road assistance. This gives you 24/7 emergency roadside assistance across Canada and the U.S.
Aviva also recognizes that many motorcycle riders in Canada will only use their bikes seasonally. You can design your policy to reflect your driving habits.
Aviva has a 24/7 dedicated phone line for making a claim. If you make a claim, you will be connected with a claims adjuster. They will talk you through the settlement options on your policy and the claims process.
Aviva offers stand-alone policies. This will include all the coverage you require, plus any additional benefits. Alternatively, you could choose to combine your motorcycle insurance with another type of insurance. Aviva offers vehicle insurance, property insurance, and travel insurance. Combining your insurances could result in a discount on your premiums.
Aviva is an excellent option for those who want to take an insurance policy directly from the insurance provider, with no third-party involvement. Visit Aviva’s website today for more information.
Motorcycle Insurance
There is a huge variety of motorcycle insurance options in Canada. Finding the best cover for you can seem daunting. It is important that you look at your own needs and requirements and tailor your policy to suit your lifestyle. There are various coverage options that can be added to a standard insurance policy. They can cover anything from the cost of repairing your bike to compensation for lost income and medical care. You can even opt for theft and vandalism insurance too.
One mandatory requirement of motorcycle insurance is third-party liability. This means you are protected if you are involved in an accident that you caused. Most provinces require you to have at least $200,000 insurance coverage. You can increase your coverage amount at any time.
You can also opt to include accident benefits in your policy. This involves providing you with income replacement if you find that your accident results in a loss of earnings. Accident benefits also cover the costs of medical care. You can increase the amount of coverage you have with accident benefits, as your cost of living or income increases. This will give you peace of mind that your home life will not be affected by any accident.
It is always worth considering taking uninsured automobile protection. This will protect you if the other driver is uninsured. You will still be eligible for medical care, motorcycle repairs or replacement, and compensation from your own insurance policy even though you are not liable.
Other additional insurance options are property damage and protective equipment coverage. You could also opt to include peril coverage, which protects you from specific events, like theft or fire damage. It also covers you for damage from natural causes, like hail, lightning, or earthquakes.
Take some time to consider your needs before shopping for motorcycle insurance. Use an online insurance calculator to get a quote and determine what your premium will be. A variety of factors may influence the cost of motorcycle insurance. Here, we will look at insuring your motorcycle in the different Canadian provinces. We will also provide you with additional information to help you make an informed and sensible choice.
Motorcycle Insurance Estimator
An online estimator is a great way to start shopping for insurance. You can input your personal information, your insurance needs and your home address in order to get a quote. You can search online for a motorcycle insurance estimator. You can also use the estimator provided on the website of your current insurance provider. Some information you will need in order to fill out the online form includes:
- The year the motorcycle was manufactured.
- The make and model of the motorcycle.
- Whether the vehicle is owned, financed or leased.
- Whether your motorcycle is new, used, or a dealer test bike.
- The date you bought the motorcycle.
- Whether it was constructed from an assembly kit.
- Any customization that has been made on the motorcycle.
- The estimated value of the vehicle.
- The estimated kilometres you will be driving each year.
- When you would like the policy to start.
- Your motorcycle or driver’s license number.
- The province you reside in.
- Some additional personal information details may be required, such as your home address, age and driving experience.
Upon submitting the online insurance form, you should receive your insurance quotes immediately. You should also receive details of the insurance provider so you can research them further.
Motorcycle Insurance in Ontario
Obtaining good motorcycle insurance, Ontario, is crucial. The Ontario Provincial Police has reported that in 2020, motorcycle accidents rose dramatically compared to 2019. You should, therefore, make sure you are protected in the event of an accident.
By law, Ontario motorcycle riders need to have the following insurance on their bikes:
- accidental benefits
- liability
- uninsured automobile
- direct compensation
If you opt for a policy that includes these criteria, you will be covered under all requirements of the law. Additional features can be added to Ontario motorcycle insurance, but these are optional. Some additional options include loss or damage to your motorcycle. You could also opt for increased accident benefits.
Ensure that you select an insurance company that covers your specific needs. You could also look into home auto insurance. This involves combining your home insurance with your auto insurance to create one simplified policy.
Motorcycle Insurance in Toronto and Ottawa
How much you pay for insurance premiums in Ontario depends on certain factors. One of these factors is risk exposure. Some other factors include your driving history and the make, model, age and mileage of the bike. Another important factor to consider is how your home location may impact your auto insurance cost.
It’s a well-known fact that city dwellers tend to pay more on their auto insurance. A motorcycle rider that lives in Toronto or Ottawa may pay more than residents living in rural towns within Ontario. With more vehicles on the road, the exposure to risk increases. This means you are more likely to be involved in an accident. Furthermore, there is a higher chance that your motorcycle will be stolen or damaged.
Keep this in mind when you get a quote for your motorcycle insurance. It is becoming increasingly popular in big cities to combine your home auto insurance, as this will often result in a price reduction.
Motorcycle Insurance in Alberta
By law, an insurance company in Alberta must provide you with the following inclusions in your motorcycle insurance.
- Liability Insurance – The minimum coverage set for this type of insurance is $200,000.
- Accident Benefits – This type of insurance pays for specific medical expenses related to traffic accidents. It covers you for death benefits and physical therapy. It can also pay for income loss due to disability or injury.
- Family Protection Endorsement – This covers any passengers for the limit of liability if you have an accident with a car that has no insurance. It also applies to those who have insurance coverage of only $200,000.
There are other insurance options available in Alberta. Consider your insurance needs and search for a policy that best meets your needs.
Motorcycle Insurance in Edmonton and Calgary
Like Ontario, those who live in Alberta’s urban areas pay more for their motorcycle insurance, while those in rural areas tend to spend less. It can seem unfair that your home address can negatively impact your insurance price. The good news is that you do have options to try and keep your insurance premiums down. You may see your insurance price lower if you have a good driving history and haven’t made any previous claims. Also, not travelling with any additional riders can have a positive impact.
There are some added tips to finding the best motorcycle insurance premiums. Seek out insurance quotes from at least three different providers to compare the difference in costs. Ask other motorcycle riders in Alberta for advice. There are also plenty of insurers that offer discounts. Sometimes being employed with a certain company can provide promotional perks.
Motorcycle Insurance in Nova Scotia
Nova Scotia is a popular province to own a motorcycle. From Halifax to Truro and Yarmouth, it offers some great open roads. It can also be a destination point for motorcycle riders outside of the province.
In Nova Scotia, riders need to have motorcycle liability coverage. This will cover you if you become legally liable and sued for an accident. The province also requires riders to have accidental benefits on their insurance policy. Nova Scotia residents must also have a minimum of $1,000,000 for insurance coverage. Add-on options can be placed on a policy. These include collision or comprehensive coverage. This covers theft, vandalism, and other damages.
Motorcycle Insurance in Quebec
Motorcycle owners in the province of Quebec must abide by the Automobile Insurance Act. Under it, motorcycle riders need to have civil liability cover of at least $50,000. This means you will be covered if you have an accident outside of Quebec. You will also be covered if you are involved in an accident that is your fault.
If Quebec residents plan on riding out of the province, it is recommended to increase their insurance coverage. The liability amount that is generally recommended is $2million. Vehicles in Quebec are required to include No-Fault coverage in their policy. This means that even if you are involved in an accident that is your fault, you cannot be sued.
Quebec provides motorcycle insurance that is standard for all drivers. You will have exactly the same policy as all other drivers in your province.
Motorcycle Insurance in Manitoba
The province of Manitoba has specific motorcycle insurance requirements. All residents of Manitoba have a Personal Injury Protection Plan. This covers three main aspects of your insurance:
- You are provided with full insurance coverage anywhere in Canada or the U.S.
- You are guaranteed compensation for injuries, even if you are at fault.
- You are compensated for any specific economic losses related to an accident.
You can also choose to include additional coverage. These may include comprehensive insurance coverage and collision coverage. Added insurance options are needed for people who use their bikes for work. This includes Extension of Loss Use. This means you are fully protected if something happens that prevents you from using your bike for work (e.g. if it is stolen or damaged). If your bike is worth over $50,000, you will also need to include Excess Value Coverage.
Motorcycle Insurance in Vancouver, British Columbia
British Columbia (B.C.) requires all motorists to have the ICBC Basic Autoplan insurance, by law. As the largest city in B.C., Vancouver residents must adhere to these insurance regulations. Motorcycle riders must have a minimum of $200,000 third-party liability insurance. It’s important to note that you can purchase more.
Many in the province tend to buy between 1 million to 2 million dollars in insurance coverage policies. This tends to help cover all costs linked to a possible accident. It offers peace of mind.
How Much Does Motorcycle Insurance Cost in Canada?
As previously mentioned, the cost of motorcycle insurance in Canada depends on a variety of factors. We will look at some of these factors below so you can make sure you have the best coverage at an affordable cost.
Make & Model of Your Bike
Higher-valued and newer makes and models tend to have high insurance premiums. This is for a number of reasons. First, statistically, they are much more likely to be stolen. Repairs also tend to be expensive as it will cost more to buy new parts. A motorcycle that has a bigger engine usually costs more to insure. These types of bikes are more likely to be involved in accidents, which increases the risk for your insurance provider.
Installing an anti-theft device can help keep those insurance premiums down. Another alternative is storing your motorcycle in a secured and locked facility. Also, try not to make any modifications to your motorcycle as this can also have an impact on the cost.
Where You Live
As noted, where your home address is a factor when it comes to your insurance premiums. Motorcycle insurance tends to be more expensive in cities versus rural regions.
The province you live in can also affect the insurance price. Ontario tends to have higher insurance premium rates. This is due to the higher accident rate across the province. Living in an area with a high crime rate can also affect insurance costs. This is because it increases the chances of your bike getting stolen.
Carrying Passengers
If you do not plan on taking any passengers on your bike, let your insurance company know. This could decrease your premium. After all, motorcycles are built to be driven by one person only. It is a far safer option and reduces your chances of causing an accident.
With that said, if you tell your insurance provider you are driving solo, stick to it. If you get into an accident while carrying a passenger, you invalidate your insurance and may have your claim denied. This is because you are considered to have misrepresented yourself. If you do plan to carry passengers, inform your insurance company, so both you, your passenger and the other vehicle are protected in case of an accident.
Your Age and Experience
Motorcycle riders aged 25 and under see increased insurance premiums. Additionally, those with less experience on a bike will also have a higher insurance cost. The cost of your insurance will decrease the longer you drive your motorcycle. Avoid getting speeding tickets and being involved in any accidents to have a lower insurance cost in future.
You could potentially lower your premium by taking a driver training program. Taking this course proves that you have added knowledge and safety awareness on a bike. Although you have to pay an additional cost for this course, the long-term return may be worth it.
How You Use Your Bike
The less you drive your motorcycle, the lower your insurance premium will be. The more you drive, the higher it will be. If you use your bike for commuting to and from work, you can expect to see your premium rise. If you ride your bike occasionally, your premium cost will be lower.
The more you are on the road with your bike, the more at risk you are with accidents. The less you use your motorcycle, the less exposure to risk. If you use your motorcycle for business purposes, you may find that you are not eligible for a personal insurance policy. Instead, you may have to take out a business policy. These are usually more expensive.
The Bottom Line
There are many different influencing factors for motorcycle insurance in Canada. While insurance regulations look similar across the country, there are some important differences. This is why it is vital to review the rules and regulations for your province.
To help get you the best motorcycle insurance for your needs at an affordable monthly cost, there are some tips you can follow. Seek quotes from at least three different providers to see the difference in costs. Look at what is included in the policy and remove any extras you do not need. Consider the most popular insurance providers in your home province and look at their coverage options.
A little research and shopping around will go a long way. Ensuring that you have a policy that will give you full protection in the unfortunate event of an accident is vital.
