Motorcycle Insurance in Toronto

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There are numerous benefits of motorcycle riding, from exploring new routes to learning a new skill and meeting new people. According to Statistics Canada, there were 829,892 registered motorcycles and mopeds across Canada in 2022, indicating a 1.6% increase from 2021. This steady increase in registrations underscores the growing popularity of motorcycles among Canadians, but also the need for the right insurance coverage.

BrokerLink compares rates from a wide range of providers, ensuring you get the best deals available.

What is Toronto motorcycle insurance?

Similar to traditional car insurance, motorcycle insurance is a contractual agreement between a driver and an insurance company. In exchange for a monthly fee, also known as a premium, your insurance provider agrees to provide financial assistance in the event you get into a collision or suffer other losses.

Why you need motorcycle insurance in Toronto

Whether you're cruising down Lake Shore Boulevard or navigating congested midtown traffic, having motorcycle insurance isn’t just smart, it's legally required, like traditional car insurance. Ontario bikers are subject to the same insurance regulations as other motorists. Without valid insurance coverage, you can be subject to numerous fines, licence suspensions, vehicle impoundments, and other penalties.

What motorcycle insurance coverage includes

As we mentioned, in Ontario, motorcycle insurance is mandatory under provincial law. Every rider must carry a minimum level of coverage, but you can also customize your policy with optional add-ons for further protection. Similar to other motorists, if you own and operate a motorcycle, you'll need the following mandatory policies in your plan. For additional peace of mind and more protection, riders may want to add the following optional coverages to their standard plans.

All motorcycle riders in Ontario are legally required to carry no less than $200,000 in third-party liability coverage at any given time. It covers the cost of medical expenses, funeral costs, repairs, replacements, and legal fees if you cause bodily injuries or property damage to a third party when operating your motor vehicle.

Accident benefits insurance covers medical costs, rehabilitation expenses and other bills that may arise if you, your passengers, or pedestrians are injured in a car accident.

Uninsured motorist coverage protects riders who get into accidents with uninsured or underinsured drivers, as well as anonymous drivers who flee the scene.

Collision coverage will help pay for the cost of repairing your motorcycle if it suffers damage in an accident. Note that if you have a lease or loan payment on your bike, you may be required to purchase this policy regardless.

Comprehensive coverage will cover the repair or replacement of your motorcycle if it is damaged by a non-collision peril such as theft, vandalism, fire, severe weather, falling objects, or water damage.

If you are hit by another motorist and your bike is damaged, direct compensation - property damage ensures you'll be swiftly reimbursed for your losses by your own insurance company. As of January 1, 2024, this policy is no longer mandatory for Ontario motorists.

Accident forgiveness can be added to your motorcycle 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: Eligibility varies by province.

Accident benefits insurance covers medical costs, rehabilitation expenses and other bills that may arise if you, your passengers, or pedestrians are injured in a car accident.

Uninsured motorist coverage protects riders who get into accidents with uninsured or underinsured drivers, as well as anonymous drivers who flee the scene.

Let us be your resource for all things motorcycle insurance

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Ways to save on your auto insurance

Motorcycle insurance rates for Ontario riders can range between $1,500 and $3,000 annually. But that doesn't mean your insurance premiums have to break the bank. Here are some ways you can save on your motorcycle insurance premiums the next time you're up for a renewal:

Discounts

Bundle your insurance coverage

If you have auto, home insurance, or other types of coverage with the same insurance company, consider bundling your motorcycle insurance with the same provider to save up to 15% on each insurance policy!

Sign up for a motorcycle safety course

Graduating from an Ontario-approved motorcycle safety course, like those offered by The Rider Training Institute or Learning Curves, can show insurance companies you’re taking practical steps to be a responsible rider, which can often lead to a discount on your insurance policies.

Ask about other discounts

Most insurance companies offer discounts to riders for installing safety features on their bikes for increased theft protection, being members of a professional association, being loyal customers, and more. Make sure to ask whether you qualify for any additional savings!

Savings Options

Compare motorcycle insurance quotes

Because Ontario operates under a private insurance system, riders have the advantage of comparing quotes from multiple providers until they find the right motorcycle insurance for their needs and for the right price.

Opt for seasonal motorcycle insurance

It rains an average of 139 days in Toronto. Because you won't be able to ride your bike during the winter, consider opting for seasonal motorcycle insurance or cancelling your insurance in the winter to lower your monthly insurance costs if you are okay with the risk of leaving your bike uninsured for part of the year.

Toronto-Specific factors that influence premiums

Living and riding in the city streets of Toronto come with unique insurance risks that all motorcycle owners need to be aware of, including how they influence your motorcycle insurance premiums:

Traffic congestion

As of 2022, Toronto is home to more than 3 million Canadians, making traffic congestion across the city some of the worst in Canada. If you live and work downtown and use your motorcycle daily, you could face higher premiums than someone who rides infrequently, given that the more time you spend on the road, the more at risk you are of being in a collision.

Higher theft rates

Auto theft rates in Toronto are increasing every year. According to the Toronto Police Department, 12,302 auto theft incidents were reported in 2023, marking a 24.9% increase from the year before. If you park your motorcycle on a public street or own a model that is more prone to theft, you could be at risk of more expensive motorcycle insurance coverage.

Winter storage needs

Toronto’s winter climate forces riders to store their bikes for several months. Seasonal insurance plans can help reduce your premiums during the wintertime, but can also leave you with little to no insurance against theft and other property damage.

Remember, insurers factor in postal codes when calculating rates, so riding and parking in high-traffic neighbourhoods like Liberty Village or The Annex could cost more than parking in quieter areas like Etobicoke or Scarborough.

Toronto motorcycle insurance coverage comparisons

Coverage	Manhatory?	What it Covers
Third-Party Liability	Yes	Covers damage or injuries you cause to others.
Accident Benefits	Yes	Medical expenses, income replacement, and rehab after an accident.
Uninsured Rider Coverage	Yes	Protection if you're hit by an uninsured or hit-and-run driver.
Direct Compensation - Property Damage	Optional	Damage to your motorcycle when you're not at fault.
Collision Insurance	Optional	Damage to your motorcycle following a crash (regardless of fault).
Comprehensive Insurance	Optional	Non-collision damage or loss.
Accident Forgiveness	Optional	Protects against a premium increase following a first at-fault accident.

Types of motorcycles and how they affect your insurance premium

The make and model of your motorcycle also impact how much you'll be charged for your motorcycle insurance in Toronto. Here's a breakdown of what you can anticipate paying based on your bike model:

Motorcycle Type	Description	Risk Level	How it Impact Your Premium
Cruiser	Comfortable, lower-speed touring bikes.	Low	With a safe driving record, you can anticipate affordable insurance costs.
Sport Bike	Light-weight, high-performance bikes.	High	Higher rates due to being high risk for theft and collisions.
Touring	Built to take riders long distances.	Medium	Slightly higher rates than cruisers, but still affordable.
Scooter/Moped	Smaller engines, great for city commuting.	Low	Lowest insurance rates than other models.

Who needs motorcycle insurance

Whether you ride a motorcycle with two or three wheels, you'll need to purchase insurance, regardless of your experience level.

Graduated motorcycle licensing in Ontario

M1 (Beginner): Valid for 90 days. You must ride under strict restrictions.
M2 (Novice): After passing a safety course, you'll be able to ride with limited restrictions.
M (Full Licence): Eligible after 22 months and a successful road test.

Even M1 riders are required to carry valid insurance, which can be harder to obtain or more expensive due to inexperience. For further details, we recommend looking at Ontario's Motorcycle Licence Page.

Why choose BrokerLink for your motorcycle insurance in Ontario

At BrokerLink, we understand what it's like navigating Queen Street traffic to finding a safe spot to park your motorcycle while you're enjoying the city. We tailor policies to fit Toronto riders’ actual needs.

Here’s why Toronto locals trust us:

Expert Brokers: Our team knows the ins and outs of motorcycle insurance in Ontario, enabling them to customize a policy to your lifestyle.
Flexible Options: We have access to numerous policies from some of Canada's top providers, allowing our brokers to shop around on your behalf.
Competitive Rates: We'll help you find the most competitive rates for your insurance coverage, ensuring you get an affordable premium without compromising your level of coverage.
Toronto-Focused Service: We live and work in Toronto, giving us the unique ability to tailor your insurance based on actual risks native to the Toronto area.

Contact us

At Toronto BrokerLink, we’re here to help you with any insurance needs you may have. Whether it’s insuring your home, car, business, recreational items, or pets, let us help you find the best coverage possible.

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.

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FAQs

Is it safe to buy motorcycle insurance online?

Yes, you can insure motorcycles online through an insurance company's direct website, or using a brokerage like BrokerLink, where you can compare motorcycle insurance quotes and coverage options until you find the best deal for your needs and budget.

Does parking in an underground garage affect my insurance costs?

Yes, if you park in a secure underground garage or a garage at home, you may be able to lower your rates. Parking underground or in a garage lowers your risk of being a victim of auto theft, which may offer you a discount on your coverage.

Can I pause my motorcycle insurance in the winter?

Most of the time, insurance providers won't allow you to pause your coverage. You may have the option to cancel your policy, but this can vary between companies. Note that you may be required to pay a cancellation fee.

Do I need a driver's licence to purchase motorcycle coverage in Ontario?

Yes. A driver’s licence is necessary when purchasing any type of auto insurance in Toronto, and that includes motorcycle insurance. So, make sure that you have a valid driver’s licence before attempting to buy motorcycle insurance from a broker or agent. If more than one person will be riding your motorcycle, they must also have a valid driver’s licence, and you will need to show proof of this when purchasing coverage. You’ll then need your insurance to register your motorcycle.

Is it safe to buy motorcycle insurance online?

Can I pause my motorcycle insurance in the winter?

Does parking in an underground garage affect my insurance costs?

Do I need a driver's licence to purchase motorcycle coverage in Ontario?

Vehicle Insurance

Property Insurance

Other Insurance

Motorcycle Insurance in Toronto

What is Toronto motorcycle insurance?

Why you need motorcycle insurance in Toronto

What motorcycle insurance coverage includes

Third-party liability insurance

Accident benefits coverage

Uninsured motorist insurance

Collision insurance coverage

Comprehensive coverage

Direct compensation - property damage (DCPD)

Accident forgiveness Insurance