Motorcycle Insurance in New Brunswick

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There's no greater feeling than navigating New Brunswick's coastal routes and city streets. With motorcycle and moped registrations climbing by 641 compared to the previous year to 23,859 in New Brunswick, ranking it first across Atlantic provinces in 2022, it's safe to say that more residents across the province are looking for new ways to travel. Whether you're a novice motorcyclist or consider yourself a seasoned professional, motorcycle insurance in New Brunswick isn't just a formality; it's the law.

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What is New Brunswick motorcycle insurance?

Motorcycle insurance is a type of car insurance specifically designed to protect riders just like you. Think of it as a contractual agreement you enter into with an insurance company. For a monthly premium, you'll receive financial protection in the event you're involved in a collision. Should your bike be damaged or another loss occur, motorcycle insurance in New Brunswick will cover the cost of repairs, replacements, medical bills, legal fees, and more.

Is motorcycle insurance in New Brunswick necessary?

Motorcycle insurance in New Brunswick is legally required for all motorists, even motorcycle owners. Without valid insurance coverage, you could face hefty fines, a driver's license suspension, and the impoundment of your motorcycle.

Types of motorcycle insurance coverage in New Brunswick

If you're planning on operating a motorcycle on public roads in New Brunswick, here are the types of mandatory motorcycle insurance policies and coverage minimums you'll need to carry. While mandatory motorcycle insurance is enough for many riders, for others, it isn't. This is where optional insurance policies come into play to provide additional protection on and off the road.

Third-party liability insurance protects motorcycle riders if they get into an at-fault motorcycle accident that causes bodily injuries and/or property damage to another motorist. If the other drivers involved file a lawsuit against you, this type of motorcycle insurance will cover the cost of repairs, replacements, medical bills, funeral costs, and legal fees, up to your policy limits. The province requires at least $200,000 in third-party liability coverage. However, most riders opt for $1 million or more for added protection.

Accident benefits coverage protects you, your passengers, and pedestrians if you are injured in an accident, regardless of fault. Accident benefits coverage will cover the cost of medical bills, funeral costs, lost wages, rehabilitation, and more. Riders are among the most vulnerable road users, given the lack of protection their gear provides. While only 9 motorcycle fatalities were reported in 2023, severe injuries can still occur. This insurance ensures you can recover without worrying about the financial impact associated with your accident.

Uninsured automobile coverage or uninsured motorist coverage protects motorcycle riders who get into hit-and-run accidents or accidents with drivers who don’t have insurance. If you get into an accident with a driver whose identity is unknown, one who is illegally driving without car insurance, or one whose coverage is not sufficient to pay for the cost of the damages stemming from the accident, uninsured motorist coverage will protect you.

Direct compensation - property damage coverage offers financial protection if you are involved in an accident where the other driver is at fault, and your motorcycle is damaged. Not only will this motorcycle insurance coverage help pay for repairs or replacements of your bike, but it also ensures you deal directly with your insurance company for a speedy claims process.

In 2024, the province had a dramatic spike in vehicle theft, with about 2,000 vehicles stolen. This marks a 17% increase from 2023. This is where comprehensive coverage can help. This motorcycle insurance coverage will reimburse policyholders for non-collision-related incidents. For example, comprehensive coverage offers protection against theft, vandalism, fire, falling objects, and severe weather conditions.

Collision or upset coverage is a type of optional motorcycle insurance that will pay for the cost of repairing your motorcycle if it suffers major damage in an accident you caused, regardless of whether it was with another vehicle, animal, or stationary object. Rather than paying the full cost of repairs, you'll only need to pay your deductible amount to your provider.

One more type of optional car insurance coverage popular among New Brunswick motorcycle riders is accident forgiveness. Accident forgiveness is additional coverage that can be added to your car insurance policy as an endorsement, to protect your driving record and to help prevent your insurance premium from increasing if you have an at-fault accident claim. Note: coverage varies by province.

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How to save money on your insurance premium

According to Insurance Bureau of Canada data for 2024, the annual insurance premium for motorcycles in New Brunswick was around $780. That said, there are ways you can save even more on your motorcycle coverage by:

Discounts

Bundle your insurance coverage

Motorcycle owners who bundle their home and motorcycle insurance with the same insurance company can save up to 20% off each policy they choose to bundle.

Take a motorcycle safety course

Enrolling in a motorcycle safety course like those offered by Atlantic Moto Skills and Safety Service NB can result in up to a 15% discount on their insurance premiums.

Install anti-theft devices

The 2023 Canadian Insurance Claims Report states that theft-related claims account for around 12% of all motorcycle insurance claims. Consider installing alarms and tracking devices on your bike to reduce the likelihood of theft while also saving money on insurance.

Savings Options

Pay for your motorcycle coverage upfront

Most insurance companies in New Brunswick add a surcharge to customer accounts who pay monthly, as it costs them money to process your payments. To avoid this 5% surcharge, consider paying for your motorcycle insurance upfront.

Choose your coverage wisely

Another way to lower your motorcycle insurance premium is to review your coverage each time you're up for a renewal. There's no need to pay for coverage you no longer need. Consider your driving habits and how often you'll be riding throughout the year to ensure you're only paying for the insurance you need.

Factors influencing your motorcycle insurance premiums

How insurance companies work is by calculating a risk profile on each customer, using various factors. The higher the risk you are, the more you can anticipate paying. Common factors used in this assessment include:

Age and driving experience

Given their lack of experience, riders under the age of 25 can anticipate paying more for their coverage compared to more seasoned bikers with clean records.

Where you live

Riders in cities like Moncton or Saint John can experience slightly higher premiums than those living in more rural areas of New Brunswick, such as Maple Hills and Straight Shores, due to increased traffic congestion and theft crime rates.

Make and model of motorcycle

High-performance or newer models usually cost more to insure, given their expensive repair costs, lack of safety features, and likelihood of getting stolen.

Driving record

Having a clean record with no traffic violations, demerit points, suspensions, and other convictions shows providers you're a responsible driver, which will translate to more affordable rates. In contrast, numerous violations and points on your license can lead to expensive insurance costs.

Insurance history

Insurance histories with numerous at-fault accidents and claims for damages mean you're likely seen as a risk to insurance companies compared to customers who have clean histories. As a result, you'll likely pay more for coverage than those who have no insurance record.

Driving habits

Where you ride and how often also impact your insurance rates. The more time you spend on the road, the more likely you are to be in an accident. The same goes for riding during rush hour and at night. If you use your motorcycle infrequently throughout the year, you may be able to qualify for a low-mileage discount from your insurer.

Credit score

Unlike other provinces in Canada, insurance companies in New Brunswick have been approved by the New Brunswick Insurance Board to use a customer's credit score information when calculating premiums. In this case, having a credit score over 720 will indicate to providers that you are financially responsible, which may result in more affordable rates. In contrast, anything under 720 may result in higher premiums.

New Brunswick Specific motorcycle insurance laws and requirements: What you should now

When it comes to motorcycle ownership in New Brunswick, there are certain laws and requirements you need to be aware of, including the following:

Helmet laws

Wearing a helmet at all times when operating a motorcycle is mandatory, including passengers. Of the 9 fatalities recorded in 2023 by New Brunswick RCMP, 25% of riders were not wearing their helmet at the time of the collision.

Registration and licensing

To insure a motorcycle in New Brunswick, you must hold a valid Class 6 license, and your motorcycle must be registered with the New Brunswick Department of Transportation.

Climate considerations

Atlantic Canada is known for heavy snowfall during the wintertime and extreme storms throughout the summer. These weather conditions can affect your bike and insurance costs in general, as the number of claims directly related to extreme weather across these provinces has increased significantly over the last five years.

Can I transfer my motorcycle insurance if I move within New Brunswick?

Yes, if you're moving within the province, you can transfer your insurance policy to your new home address. However, depending on your new postal code, your insurer may adjust your premium to reflect the risk of this new location. For example, moving to an urban area may increase your rates, while moving to a rural area may have the opposite effect. Regardless, you'll need to contact your provider and inform them of your new address so that they can update your insurance details.

What should I do after a motorcycle accident?

If you've been in a motorcycle accident, here's what you need to do:

Check for injuries: Check whether you, your passengers, and others involved have been injured.
Contact emergency services: If there are injuries, you'll need to contact emergency services for assistance.
Exchange information: You can then go ahead and exchange information with the other parties involved, including driver's licenses, insurance information, and phone numbers. If emergency services are called, make sure to get a copy of the accident report.
Document the scene: Next, document the scene of the accident with numerous photos and videos.
Reach out to your insurer: Notify your insurance provider that you've been in a collision.
Speak with your adjuster: Cooperate with your adjuster. They may ask for additional documentation and information about what happened.
Get a quote: You can go ahead and get a quote for your bike repairs. You may have to choose between a vetted list provided by your insurer, or you'll have the option of choosing your own mechanic.
Get estimate approved: Your adjuster will then approve your estimate.
Get compensated: Once your vehicle is repaired, your provider will reimburse you for the repairs, once you've paid your deductible amount.

Reach out to BrokerLink for affordable motorcycle insurance policies

Whether you're riding in Riverview, cruising through Edmundston or gearing up in Saint John, if you're looking for more ways to save on motorcycle insurance, look no further than BrokerLink. Our experienced brokers work for you. With access to numerous policies from some of Canada's top providers, we'll shop around on your behalf, help you determine whether you qualify for savings, and answer any questions you may have about your coverage. To work with us, reach out to a broker over the phone or by email to speak with them directly. You can also get a free quote using our online quote tool at any time!

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