Types of insurance
BrokerLink is your partner in protecting both you and your prized motorcycle from the prevalent risks that are waiting out there, whether you're an average commuter on two wheels or a weekend thrill seeker looking for an open road. With our extensive knowledge and personalized approach, you can trust BrokerLink to effectively navigate the ins and outs of Ontario motorcycle insurance and tailor the ideal coverage to your specific needs.
Our dedicated staff of insurance brokers is uncompromising in our commitment to giving all types of riders the peace of mind they deserve when they're on the road. Let's take a closer look at the various motorcycle insurance options you should consider:
Collision insurance or upset coverage protects your motorcycle in the event of a collision. This coverage guarantees that the costs of repairing or replacing your bike are covered, regardless of who is at fault. Collision coverage assures that you aren't forced to shoulder the financial cost of the damage alone, from minor dings to major collisions. It is important to note that collision coverage is not included in standard motorcycle insurance policies.
Comprehensive coverage is more than just car insurance; it's your defence against a slew of possible hazards to your valued motorcycle. Imagine you're on a relaxing ride, enjoying the joy of the open highway, when a hailstorm suddenly pelts down, damaging your vehicle. Or worse, someone steals your motorcycle when you're not looking, leaving you stranded.
This is precisely where comprehensive coverage comes into play. This insurance is designed to protect you from non-collision incidents such as theft, vandalism, fire, extreme weather conditions, and objects falling onto your bike. With comprehensive coverages, you have a safety net that goes well beyond standard collisions for complete peace of mind. Again, this is not automatically included in standard policies. Therefore, you will need to ask your broker or insurance company to have this in your overall portfolio and to go over all of your comprehensive coverage options.
Third-party liability insurance
When it comes to motorcycle protection, third-party liability insurance is an essential safety net that should not be overlooked. Third-party liability is a legal requirement in Ontario for all motorcycle riders, just as it is in car insurance policies. In the event of a motorcycle collision in which you are found to be at fault, your liability insurance kicks in, covering the costs of legal matters arising from damage to other motorists who suffer bodily injury, pedestrians, or property. Mandatory minimums motorists are required to purchase is $200,000. However, most opt for additional liability coverage limits to ensure they are entirely protected in the event that you are involved in an accident.
Accident benefits coverage is a necessary and legally required insurance that provides critical safeguards and support in the event of a collision-related injury. Its primary goal is to mitigate the financial and medical consequences that may result from a motorcycle collision. In the unlikely event that you sustain injuries as a result of a covered collision, accident benefits coverage will assist you with a variety of costs, including medical costs, rehab treatment, income replacement, and more.
Uninsured automobile coverage
Uninsured motorist insurance is an element of your insurance policy that protects you and your passengers in a collision caused by an uninsured or underinsured driver. In other words, the driver who caused the accident either does not have insurance or has inadequate protection to cover your medical bills, property damage, or additional expenses as a consequence of the accident.
Imagine that you've been an attentive and safe driver for many years, but you unexpectedly find yourself in a regrettable collision caused by an oversight in judgment or an unforeseen weather-related issue. Accident forgiveness coverage comes to your aid in such cases, understanding that sometimes even the most careful motorcycle riders can suffer such setbacks.
This protects policyholders from the substantial premium increases that frequently follow at-fault accidents by justifying the initial at-fault collision. It not only offers peace of mind but also financial assistance and a chance to learn from what happened. Just note that accident forgiveness coverage is entirely optional and not required by law.
Do I really need year-round insurance for my motorcycle?
As insurance brokers, a common question we often receive from customers is: “Is year-round motorcycle insurance necessary year-round.” So, let’s get to the bottom of it. Truth is, cancelling your insurance during the winter months may not always result in reduced expenses like you think.
In a nutshell, you pay a premium that's related to the vehicle's usual usage time frame, but your insurance policy is active all year. This ongoing protection is critical regardless of how long these items are in storage spaces. They can be vulnerable to a variety of risks, such as theft, vandalism, fire, or damage caused by severe weather events like hail or wind damage. Additionally, having year-round protection eliminates the need for you to periodically contact your insurance provider when the seasons change and you choose to make use of your stored vehicles.
What kind of questions can I expect my insurance company or broker to ask?
Getting the right insurance is similar to getting the right motorcycle in that we ask a lot of questions to ensure that it fits. Do you ride your motorbike to work every day or just for fun on weekends? Do you ride a cruiser, moped, scooter, or sport bike? What model and year is your motorcycle? How many years have you been riding a bike? Have you taken any motorcycle training courses? What are your driving and claim histories like?
Because of competitive motorcycle insurance quotes from top insurers, your responses can add up to savings on insurance at the end of the day. In fact, that's how our Burlington insurance experts find auto insurance that's right for you –the appropriate amount of protection at the best price.
Safety tips for motorcyclists
Before heading out on the open road with your group of friends, it's vital to remember that group motorcycle safety is critical to ensuring you and those around you get to where they intend to go without any harm. As such, here is a closer look at some safe driving tips that we think all riders should know that they may have forgotten:
Route planning: Before you leave on your trip, make sure that you've got a map of the route and contact info for everyone in your group in case you need roadside assistance.
Inspect your bike: Riders should also take an opportunity to inspect their motorcycle and make sure it has an entire tank of gas to avoid problems when on the open highway.
Scheduled breaks: During your travels, plan regular stops for refuelling, food, and bathroom stops to make your trip more enjoyable.
Stagger your riders: On the road, place your most skilled riders at both the front and the back of the pack. This setup allows novice riders to maintain their pace while also providing help when needed.
Keep your motorcycle in good working order
Beyond the tips listed in our motorcycle riding safety guide, it is absolutely essential that motorcycle owners actively take care of their bikes throughout the year. Not only will this help you avoid any breakdowns when you're on your way to your destination, but it also reduces your chances of getting involved in a car collision. Therefore, here is a closer look at some of the ways you can continuously check over your vehicle to ensure it is in good working order:
Vehicle Inspection: Make sure your brake lights, turn signals, and headlamps are in good condition. Adequate illumination is essential for road visibility and safety.
Tire Inspection: Inspect your tires carefully. Check the tire pressure to make sure it is within the suggested range, examine the depth of the tread to guarantee it meets safety requirements, and check for any objects stuck to your tires. Tire maintenance is critical for traction and stability while you are in motion.
Fluid Levels: Check the motorcycle's fluid levels for signs of oil or gas leaks on a regular basis. Furthermore, keep a watchful eye on your hydraulic and cooling fluid levels to make sure they remain at the proper levels. Fluid levels must be adequate for ideal performance.
Mirrors Adjustments: Always travel with clean mirrors that are correctly adjusted. Clear, well-adjusted mirrors provide critical visibility, enabling you to better monitor what's going on and the relative positions of other riders.
How to save on motorcycle insurance in Burlington
At BrokerLink, we hold the opinion that motorcycle coverage should be cost-effective without sacrificing the quality of security you get in return. As such, we've put together some money-saving tips that you should consider when it's time to renew your policy:
Set aside some time to gather motorcycle insurance quotes from various providers. Because every insurer has different costs and rebates, carrying out extensive searches allows you to get the right coverage at the best price.
Think about how much your motorcycle costs
The make, model, and overall value of your bike all have an impact on your insurance rates. Motorcycles with cheaper rate tags or smaller engine powers usually have lower insurance rates. Prior to making an investment, it's a good idea to look into how your choice of motorcycle might affect your insurance rates.
Combine your policies
Consider combining your additional insurance needs, such as home, auto, life, home insurance, or business policies, with the same company. Insurance providers frequently provide discounts for integrating personal insurance policies, resulting in overall premium savings.
Select a higher-priced deductible
You may be able to lower your insurance costs by choosing a higher deductible, which is the sum that you pay in the event of a claim. Just make sure you can afford your chosen deductible if a collision occurs prior to doing so, as it is not a good idea to raise your deductible if it could put you in financial hardship in the event of an incident.
Keep a clean driving record
An outstanding riding record demonstrates responsible and safe riding. Avoiding collisions and tickets for violations may result in lower insurance costs, as insurance companies often reward safe riders for their low-risk profile.
Take a safety course
Finishing a recognized motorcycle protection course will not just enhance your riding skills, but it might additionally qualify you for coverage savings. Insurance companies appreciate the commitment to safety, and this is an easy way to save in the future.
Increase the safety of your motorcycle
Taking precautions for your bike may reduce the risk of theft or harm, which may result in lower insurance premiums. When not in use, anti-theft equipment such as locks or alarms must be utilized, and the motorcycle needs to be kept in a secure location.
Does motorcycle insurance insure passengers?
Passengers are typically covered under motorcycle insurance. Liability insurance, which commonly includes passengers, provides financial security if a passenger suffers injuries or losses as a result of a crash in which they are found to be at fault.
Remember, it’s critical to carefully review your motorcycle insurance policy to determine the extent of passenger coverage. Some policies may have limitations or exceptions, so speak with your insurance company to clarify the details and ensure that you have sufficient coverage compatible with your specific needs.
Where can I get a competitive insurance quote?
If you're almost due to renew car insurance for your motorbike, you'll be happy to know that there are several methods you can use to get a competitive quote quickly and from the comfort of your home. To start, research insurance companies in your area on the internet. Each company should have their own website and free quote tool available for you to use. Alternatively, you can give them a call directly or communicate with them through email. You can even reach out to insurance brokers in Barrie and Burlington directly, rather than insurance companies, for better pricing options and more customization opportunities.
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You can reach us by phone, email, or in person at any one of our locations throughout Ontario. No matter how you choose to get in touch, a BrokerLink insurance advisor will be happy to assist you. We also encourage you to take advantage of our free online quote tool that can provide you with a competitive quote in minutes.
Burlington Motorcycle Insurance FAQs
How much is the average motorcycle insurance in Ontario?
Motorcycle insurance costs in Ontario range from $1,500 to $3,500 per year and are affected by a variety of factors. Your age, where you live, driving history, yearly mileage, years of riding expertise, age of your bike, and value are all factors to consider. Rates are also affected by the sort of motorcycle and your current insurance coverage. In general, higher premiums are associated with more powerful and expensive motorcycles.
How much is motorcycle insurance in Ontario monthly?
Motorcycle insurance in Ontario is typically priced between $1,500 and $3,500 per year, corresponding to a monthly cost of between $125 and $292. Remember, however, that your insurance may fall outside of these ranges, given your unique circumstances. As such, it is best to consult with an insurance broker for your Burlington car insurance, as they can provide you with an exact amount of what you can expect to pay.
What is the average insurance cost for a motorcycle in Canada?
The average cost of motorcycle insurance in Canada, which is around $1,600 per year, serves as a general guideline for riders across the country. However, it is critical to note that this figure is an average, and actual premiums can vary significantly depending on numerous factors.
Is auto insurance different from motorcycle coverage?
Yes, Ontario car insurance and motorcycle insurance are two distinct types of insurance that are tailored to the distinctive features and hazards of their specific vehicles. While auto insurance covers cars and trucks, motorcycle insurance is explicitly meant for two-wheeled motorcycles. Motorcycle insurance premiums are frequently lower, but they differ based on factors such as the model of the motorbike and the rider's experience. It offers particular protection for motorcycle safety equipment, accessories, passenger liability, and more.
What type of licence do I need for my motorcycle in Ontario?
If you’re buying a motorcycle in Ontario, there are a total of three licence types: M1, M2, and M. The M1 is a permit for learners that can be acquired after completing a written exam. It includes limitations such as no alcohol, no passengers, and only daytime riding. You can move up to an M2 after keeping an M1 for 60 days and completing an aptitude test that demonstrates your skills. The M2 allows for nighttime riding, passenger transport, and riding on the highway. After holding an M2 for at least 22 months, you must successfully complete an advanced road test to get a full motorcycle licence (M).
Do I need insurance for my Vespa or e-bike?
If you own a Vespa, or any other scooter for that matter, you will need to purchase motorcycle insurance. However, you can expect to pay significantly cheaper rates than different types of bikes. As for e-bikes, you will not need to acquire this kind of coverage. That said, you may still wish to buy third-party liability insurance to protect yourself regardless.
Does my car insurance cover my motorcycle?
Unfortunately, your motorcycle isn't included in your car insurance. Motorcycle insurance and auto insurance are two separate policies. As a result, your automobile insurance will not cover you while riding your motorcycle. To adequately protect your ride, you have to get an independent motorcycle insurance plan.
How is the value of a motorbike calculated?
When determining the insured value of a motorcycle, a number of factors must be looked at. First, consider the motorcycle's market value, which can be determined by examining similar models and their asking prices. Improvements, accessories, and enhancements to the motorbike should be considered as well. Furthermore, variables such as the motorcycle's age, condition, and mileage will be considered. On top of that, if your motorbike is totalled in an accident, your insurance company may take the replacement cost into account.
Is it more expensive to insure a motorbike than a car?
A number of variables must be looked at when comparing motorcycle insurance to car insurance. For a number of reasons, motorcycle insurance is typically more expensive than vehicle insurance. Motorcycles are more difficult to insure since they offer fewer safeguards and are more susceptible to mishaps. In addition, the possibility of serious injury in motorcycle accidents leads to more costly insurance premiums. Furthermore, the market value and repair expenses for motorcycles can affect insurance rates.
If you have any questions, contact one of our local branches.
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