Motorcycle Insurance

Motorcycle Insurance in Ontario

Motorcycle insurance in Ontario is mandatory for all motorcyclists. Canadian motorcyclists must carry standard insurance covers such as Third-party Liability; Accident Benefits; and Uninsured Automobile coverage as with auto insurance. On the other hand, optional auto coverage that protects from damage or loss such as all perils; Specified Perils; Comprehensive; and Collision.

Beside this, you can also buy combinations of these coverages for protection from loss/damage to your motorcycle or your scooter, that may be happened by heft, fire and other unpredictable events.

Motorcycle Insurance in Ontario

Ontario  Motorcycle Insurance :

In Ontario there are a lot of Motorcycle insurance companies. Among them following insurance companies are popular in Ontario.

 

  1. AIG Insurance Company of Canada
  2. Allianz Canada
  3. Allstate Insurance Company of Canada
  4. Aviva Insurance Company of Canada
  5. Belair Insurance Company
  6. CAA Insurance Company
  7. Certas Direct Insurance Company
  8. Chieftain Insurance Company
  9. Chubb Insurance Insurance Company of Canada
  10. Coachman Insurance Company
  11. Co-operators General Insurance Company
  12. Dominion of Canada General Insurance Company
  13. Echelon Insurance
  14. Economical Mutual Insurance Company
  15. Elite Insurance Company
  16. Facility Association
  17. Farmer’s Mutual
  18. Gore Mutual Insurance Company
  19. Intact Insurance
  20. Jevco Insurance Company
  21. Kingsway General Insurance
  22. Liberty Mutual
  23. Lombard Insurance
  24. Missisquoi Insurance
  25. Motors Insurance Ontario
  26. Motors Insurance Quebec
  27. North Waterloo Farmers Mutual
  28. Optimum Frontier
  29. Optimum West Insurance
  30. Pafco Insurance
  31. Peace Hills Insurance
  32. Peel Mutual Insurance Company
  33. Pembridge Insurance
  34. Perth Insurance
  35. Pilot Insurance Company
  36. Portage Mutual Insurance
  37. RBC Insurance
  38. Red River Insurance
  39. Saskatchewan Mutual
  40. Scottish & York Insurance Co Limited
  41. SGI Canada Insurance Service
  42. State Farm Fire and Casualty Company
  43. TD General Insurance Company
  44. Traders General Insurance Company
  45. The Guarantee Company
  46. Unica Insurance
  47. Wawanesa Insurance Company
  48. West Wawanosh Mutual
  49. Western Assurance Company
  50. Zenith Insurance Company

How Much is Motorcycle Insurance in Ontario?

 

Many different factors influence motorcycle insurance rates in Ontario such as your riding history, your age, your bike model, and amount of your discounts. Motorcycle insurance costs usually lower than auto insurance.

Average Cost of Motorcycle Insurance by Age

In Ontario age is the important factor that influences the motorcycle insurance rates. Motorcycle insurance rate is highest in the teenage group.

Age Range

Average Yearly Rate

20-24

$ 2262

25-29

$ 1853

30-34

$ 1454

35-39

$ 1316

40+

$ 1172

How Much is Motorcycle Insurance in Ontario

Average Cost of Motorcycle Insurance in Ontario by Bike Model :

Bike Model

Average yearly insurance rate

Yamaha YZF-R6

$3665

Kawasaki Ninja ZX600

$3039

Honda CBR600

$3136

Harley Davidson Sportster 1200

$2693

Suzuki GSX-R600

$2620

Kawasaki Ninja EX650

$2507

Harley Davidson Sportster 883

$2430

Suzuki GSX-R1000

$2223

Suzuki GSX-R750

$2221

Harley Davidson (Non-Sportsters)

$1875

Yamaha YZF-R3

$1870

Honda Rebel 500

$1869

Triumph Bonneville

$1729

Kawasaki Ninja EX300

$1620

Honda CBR250R

$1448

Kawasaki Ninja EX250R

$1188

Honda Grom

$1095

Honda CBR300R

$998

Honda Rebel 300

$912

 

Motorcycle insurance quote Ontario :

An insurance quote is the estimation of your potential insurance which depends on your choosing coverage and some selective factors. It may change depending on how much information you give at the time of the quote. You should provide sufficient information to get accurate your motorcycle insurance quote. In Ontario, you can get the cheapest quotes by following 3 ways:

  1. Ride your bike responsibly: It is important to ride a bike safely and responsibly. Because it is essential not only your security but also to help keep motorcycle insurance prices down. Always try to store your bike safely and maintain properly.
  2. Choose a reasonable bike: The model of bike is an important matter that influences insurance rates. So you should select a bike which is safety, reliability and for having lower insurance rates.
  3. Get Experience Through authorized driving Training Authority: It is important to take motorcycle safety courses at the government-approved driving training centre. Because insurance companies seem that trained up drivers are safe drivers. If you have M1 and M2 motorcycle driving test training, you will get the lower insurance quote.

How to get cheap motorcycle insurance ontario :

Although ways of getting the cheapest motorcycle insurance in ontario with quates have been discussed above. Beside this, we can get cheap motorcycle insurance in ontario by following simple tips.

Ride your Bike defensively: Always be aware of your surroundings and become a defensive driver.

Use safety Gear on your Bike: If you use safety gear like helmet, gloves, boots when riding a motorcycle you will get lower insurance rate.

Avoid to ride in bad weather: You should avoid riding a motorcycle in adverse weather like heavy rain, Snowfall, Cyclone etc.

Always try to obey road rules: You should always follow and obey the road rules accurately.

Ride Proper Bike: You should avoid the bike that you can’t handle. Some bike models’s insurance rate is high in Ontario, so you should not use those models for getting cheap motorcycle insurance.

Park your bike in safety area: Always park your bike in well and safe area.

Use alarming system on your bike: If you use a good alarm system on your bike, it will help to get lower insurance rate.

Use Garage for storing your bike: If possible, keep your bike in a garage.

Inspection of Bike: Inspect your bike when you ride your bike.

Motorcycle insurance ontario new rider:

Generally, the age of New riders is below 20. In this time motorcycle insurance is expensive in Ontario. Because new drivers have no experience in riding motorcycles and they have a possibility to involve in accidents. The majority of new riders are young, according to insurance law the younger you are, the more you’ll pay in the accident benefits portion of your premium. A young rider will have pay about five times more than an older rider in accident benefits.

Since motorcycle insurance is an obligatory issue in Ontario, so you have to seek the way to get the cheap insurance rate. This discussion will help you getting low price motorcycle insurance in onotario.

 

 

Leave a Comment