What you need to know about motorcycle insurance1
Motorcycle insurance rates are based upon factors such as your age, your riding experience and the type of motorbike (or moped or motor scooter) you ride. Your insurer can tell you the specific insurance requirements for your province or territory.
A motorcycle insurance policy includes standard coverage items such as:
- Third-party liability: This coverage protects you if you are at fault in an accident causing bodily injury or property damage to another person. Check with your insurer to confirm whether your passenger is covered on the Liability or the Accident benefit portion of your policy.
- Accident benefits: Pays for medical, rehabilitation and funeral expenses, as well as death and income replacement benefits if you’re injured or killed in a collision, regardless of who caused it.
- Uninsured automobile coverage: Protects you in the event of death or injury caused by an uninsured motorist or by a hit-and-run.
- Direct compensation property damage (DCPD): This coverage protects you against damage to your vehicle in the event of an accident that’s not your fault or is only partially your fault.2
7 ways to save on your motorbike insurance1
- Ask for discounts
Typically, bundling your car and home insurance with one insurer helps you get a lower rate. Other discounts may be available. - Increase your deductible
If you can afford it, a higher deductible could reduce your premiums. - Drop Collision coverage
Collision coverage may not be worth it for an older motorcycle with a low replacement cost. This means you won’t be covered for damage to the bike for at-fault, single vehicle or hit-and-run accidents. - Don’t cancel your policy in the winter
You won’t save on premiums, and your motorcycle won’t be covered if damage occurs while it’s in storage. - Make and model
Newer, faster or higher value motorcycles are more likely to be stolen and repairs are more expensive—both of which result in higher premiums. - Keep a clean record
Younger riders or those with a poor driving record can typically expect to pay higher premiums. - Secure your bike
Storing your bike in a locked facility and installing an anti-theft device on it may help bring your insurance premiums down.
5 tips for safe, claims-free riding3
- Wear an approved helmet
Helmets could help prevent collision deaths for both motorcycle riders and their passengers. Check the helmet’s expiry date and replace it as needed. Always replace your helmet after an accident, even if it looks fine. - Check your bike before you ride
Things like tires, brakes and oil and gas levels. And make sure your motorcycle insurance is up to date! - Wear highly visible protective gear
Wear a high-visibility jacket, pants, gloves and riding boots. Fluorescent material and reflective striping enhance visibility. - Be alert, especially at intersections
Recent Canadian data shows that 1 in 4 fatal motorcycle collisions involves a right-angle impact—a crash pattern that typically occurs at intersections. - Always respect speed limits and road conditions
According to Statistics Canada research, 24% of fatally injured motorcyclists had been driving at high speed.
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Learn more about our coverage for recreational and leisure vehicles.