Toronto, Ontario, is often known for its horrendous traffic and construction work. Yet the city still has many motorcyclists. If you are one of them, you may be looking into motorcycle insurance in Ontario. As there are so many Ontario motorcycle insurance companies, heading over to Kanetix to start your search is an excellent place to start!
Best Motorcycle Insurance in Toronto
Kanetix.ca is one of the most well-established insurance search engines in Canada. They partner with a variety of insurance providers. Whether you need home insurance or car and motorcycle insurance, Kanetix can help you find the perfect insurance provider and estimate the motorcycle insurance premiums.
They can help you get a quote for motorcycle insurance, Ontario, quickly and easily. All you need to do is input some personal information and select the coverage type you want. Then, Kanetix will provide a list of free insurance quotes from which you can choose.
To finalize coverage, select the quote that best fits your needs and click to set up a call with Kanetix. They will then make sure to sort out the insurance coverage for you. Getting your list of personalized insurance quotes from the best insurance company with Kanetix is entirely free, so what are you waiting for? Head over there now to find the best insurance rates in Ontario!
Different Types of Motorcycle Insurance in Toronto
Insurance for a motorcycle in Ontario is based on the type of license you have. There are three different types of licenses: M, M1, and M2, and consequently, there are three different types of motorcycle insurance.
Regardless of the type, all Canadian motorcyclists must legally have basic insurance to drive a motorcycle. Basic Ontario insurance, motorcycle or car, must include four things.
- The first is a third-party liability. This will cover damage you cause to a third party such as another motorcycle or car.
- The next is accident benefits. This will cover both you and a passenger if you become injured.
- The third thing is loss or damage coverage. If your bike is damaged or even totalled in an accident, your insurance policy should cover it. The same goes if it is stolen or damaged another way like vandalism or fire.
- The last thing your motorcycle insurance should cover is hit and runs. This means that if you are in an accident and the other person leaves, your motorcycle insurance will protect you.
All policies should cover these four things. Private insurance companies, especially companies from Kanetix, will usually offer comprehensive coverage. Choosing your insurance for a motorcycle in Ontario as a whole can be easy with Kanetix. A comprehensive policy will provide more protection as well as have more benefits. In addition, you can compare it with motorcycle insurances in other provinces, namely Alberta, British Columbia, Nova Scotia, and Quebec.
The Importance of Motorcycle Insurance in Toronto
If you have been riding a motorcycle for a while, or even if you’re new to it, you likely know how dangerous it can be. Whether you’ve experienced it firsthand or heard stories, riding a motorcycle is more dangerous than driving a car.
When on a motorcycle, you do not have the same physical protection that a car offers. This is especially dangerous as you will likely be going at high speeds. In Ontario, motorcyclists are five times more likely to die in an accident than someone in a car is. They are also ten times more likely to suffer serious injuries.
Even though Canada has an excellent healthcare system, the costs of your potential medical needs may require higher coverage. Similarly, the cost of replacing or repairing your bike, if necessary, can be expensive. If you don’t have motorcycle insurance to cover you, these costs will have to come out of your pocket.
Contributing Factors Towards Motorcycle Insurance Cost Toronto
As motorcycle insurance is based on your license type, that is the main factor that determines how high or low your insurance quotes will be. This is because an insurance company sees you as a more significant risk if you have not been riding for long. If you only have the first license, it is a clear indication that you have not been riding for long.
Another big factor that determines what your rates will be is your age. If you are younger, companies assume again that you have not been riding for long. Thus, your rates will be higher.
Companies will also consider your past. This means both your past insurance history and your driving history. If you have been in a lot of accidents, either in a car or motorcycle, for example, you will be seen as more of a liability. This means your rates will be higher.
The Bottom Line
You likely wouldn’t go without home insurance or car insurance, so good motorcycle insurance should be no different. Your motorcycle is a significant investment, and you should protect it. The best way to do so is with a comprehensive motorcycle insurance policy.
Head over to Kanetix.ca to get a list of free motorcycle insurance quotes now. Don’t waste time contacting companies yourself when Kanetix has already done the work for you!