Compare motorcycle insurance quotes and connect with a broker today
Looking for cheap motorcycle insurance? Speak to a licensed RH Insurance broker today, so you can secure the coverage you need.
The auto insurance process can get complicated quickly, especially when it comes to finding the right motorcycle coverage to suit your specific needs. Insurance brokers take the time to learn all about your situation and provide policy recommendations as needed. That way, you can have peace of mind knowing you’re adequately protected when taking your bike out for a ride.
Quick & Easy
I got my first insurance from RH insurance! The process was super smooth and really quick! Amith was a great help throughout the process! He also got me the cheapest possible plan! Highly recommended!
Google Reviews - August 2022
First Time Insurance Buyer
Amith Patil was assisting and suggesting me for the insurance, as I was a 1st time insurance buyer in Canada he was very much helpful and got me a better deal compared to other insurance online. Process was very smooth and quick too.
Google Review - August 2022
Super Human Service
Morgan Roberts: Super human being providing service that can only be dreamed off. She did my home insurance super fast and gave me all the correct legal documents to ensure I have no hiccups with the lawyer. When my lawyer had hiccups, she dropped everything to make all the new changes lawyer requested last minute. What an amazing person. She deserves a promotion and a huge raise. This is the type of people who should be running the company.
Google Reviews - June 2022
Step 1: Contact our brokers
Call 1-888-616-1868 or scheduled a call to speak with one of our licensed auto insurance brokers.
Step 2: Share some info
Provide us with a few details and receive customized motorcycle insurance quotes from our top providers.
Step 3: Finalize your policy
Select your lowest rate and secure the bike insurance coverage you need.
Morgan Roberts, Director of Sales - RH Insurance
In Canada, you’ll need a motorcycle insurance policy to take out your bike for a ride – it’s required by law. While the mandatory and optional types of coverage work similarly to that of a conventional car policy, motorcycle insurance is its own form of auto insurance. Therefore, you won’t be able to simply add your bike as a secondary vehicle on your current car policy.
Depending on the province or territory you live in, there are slight differences when it comes to the rules and regulations of your coverage. Alberta, Ontario, Quebec, and Atlantic Canada, for instance, run on a no-fault auto insurance system – meaning you'll only be dealing with your own insurer after a collision.
If you're currently shopping around for bike insurance, we've got you covered. Read on to learn more about how motorcycle insurance works in Canada.
Direct compensation property damage (DCPD)
All perils insurance
Specified perils insurance
On top of the required and recommended coverages, you can also purchase motorcycle insurance endorsements, so you can customize your policy to suit all your needs. While there is a wide range of Ontario Policy Change Forms (OPCFs) you can choose from, here are a few common ones among riders.
- Loss of use coverage (OPCF20) – This foots the bill of temporary transit, such as a rental vehicle, while you’re waiting for your bike to be repaired or replaced due to an insured risk.
- Non-owned vehicle coverage (OPCF27) – This endorsement extends the coverage on your motorcycle policy to a non-owned vehicle you’re riding, such as your friend’s bike or a rental.
- Accident forgiveness waiver (OPCF39) – After your first at-fault collision, your motorcycle insurance rate won’t increase if you have accident forgiveness on your policy.
- Removing depreciation deduction (OPCF43) – This add-on removes your provider's ability to account for your bike’s depreciation when you’re settling a total loss insurance claim.
How much is motorcycle insurance in Ontario?
The cost to insure a motorcycle will differ on an individualized basis, but the average annual premium in Ontario is about $1,600. The find the exact cost you’ll be paying, speak to one of our licensed auto brokers today.
Bundle insurance policies
Combining your car, home, and motorcycle insurance under one provider can lead to substantial savings.
Install anti-theft technology
Taking safety measures to reduce the likelihood of theft on your bike can lead to lower premiums.
Ask about association discounts
Insurers often offer discounts to alumni or members of specific associations and riding clubs.
What factors affect your motorcycle insurance rates?
Generally speaking, the younger you are, the more expensive your motorcycle insurance will be. That’s because young riders are statistically more likely to get into an accident than older, more experienced riders.
Getting your M license can reduce the cost of your bike premium substantially. Many insurers won’t offer coverage to newly licensed (M1) riders, so graduating through the license class system earlier will also open up more options when it comes to finding cheap motorcycle insurance.
The more you take out your bike, the more you’ll be paying for coverage. That’s because a higher usage leads to the increased potential of having to make an insurance claim.
A history of at-fault accidents and traffic convictions will lead to more expensive coverage as your motorcycle insurance company will see you as a high risk of making a future claim.
Sports bikes or motorcycles with a high CC will typically increase the cost of your coverage as you’re more likely to use the vehicle for racing – which auto insurance companies don’t like to see.
Type of motorcycle insurance
The more coverage you add to your policy, the more expensive your insurance premium will be. Consider the options that cater to your specific needs, as you don’t want to be overinsured or underinsured.
Riding in the city comes with enhanced risks – including collisions, theft, and vandalism – when compared to riding in the suburbs, therefore increasing your motorcycle premium. And if you store your bike out in the open, you could be subject to higher rates.
The higher the deductible you set, the lower your insurance rate will be. Be sure to weigh the risk against the reward, as you’ll need to foot this part of the premium before your insurer provides the rest.
It never hurts to ask your motorcycle insurer about any available discounts. Bundling your policy with your auto and home coverage can lead to a large rate deduction.