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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?
According to one survey from Moto Canada, the average cost of insurance and registration for on-road motorcycles in 2022 was $812. For off-road motorcycles, this number was notably lower – $670. For a better estimate based on your personal circumstances, give us a call – we'll show 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.
Other hidden costs of owning a motorcycle
If you're thinking about making a bike purchase, it's important to consider other expenses, on top of the motorcycle itself and the gas you'll use to fuel it. Of course, insurance premiums will be the next big one, but there are many other hidden costs to consider. Moto Canada surveyed riders on their average spend per vehicle in 2022 – here's what they found:
| Expense | On-road motorcycle | Off-road motorcycle |
| Licensing fees | $377 | $298 |
|---|---|---|
| Insurance & registration | $812 | $670 |
| Annual passes or club memberships | $230 | $251 |
| Events (e.g. races, trials, trail rides) | $232 | $284 |
| Training, courses, or workshops | $253 | $262 |
| Total spending (per vehicle) | $1,904 | $1,765 |
The total spend for on-road bikes was just marginally more expensive than that for off-road bikes (8%). And notably, insurance and registration costs accounted for the largest portion of the total spend. For on-road vehicles, it made up 43%, and for off-road vehicles, it made up 38%. To make sure you're paying the best rate possible, be sure to do your due diligence and compare different quotes in the market.
43%
insurance and registration made up 43% of spend for on-road motorcycles
38%
insurance and registration made up 38% of spend for off-road motorcycles
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