Motorcycle Insurance For Canadians
insurance is very similar to automobile insurance. Motorcycle insurance
is designed to protect you from financial losses that may occur as a
result of owning and/or operating a motorcycle. If you intend to
purchase or drive a motorcycle, you will need to acquire a basic
minimum level of motorcycle
insurance coverage. If you are caught without it, you
will be subject to large fines, license suspension or even prosecution.
Motorcycle Insurance To Get The Best Rates
Motorcycle insurance usually protects
against liability claims,
property damage claims, and medical coverage. Property damage covers
the theft or damage to your motorbike. Liability pays for your legal
responsibility to others for property damage or injuries. Medical
coverage pays for the cost of treating injuries, rehabilitation and
occasionally lost wages or funeral expenses.
Insuring your motorcycle is a significant expense. We would like to
make sure you are getting a competitive rate. We also wish to point
out, the details of the coverage in any given policy will directly
impact the premium offered. When comparing motorcycle insurance quotes,
please be careful to
compare policies with similar coverage specifications. Some rules and
guidelines vary between companies, but in general a smaller, less
expensive bike will cost less to insure. Review our helpful hints to reduce
your motorcycle premiums.
When the weather gets colder, frost appears and leaves change color,
this is typically a good indication that motorcycle season is drawing
to an end. The question then becomes, will you save money by canceling
your policy during the winter months. Motorcycle use in Canada is
seasonal, most companies will allow the premiums to be seasonally
adjusted. Depending on your policy, you may not pay any premiums during
the winter months, and the premium payments will be adjusted during the
prime riding seasons, usually charged between March and October. Make
sure you check with your insurance provider to determine the actual
Motorcycle Insurance Premiums
- Prove your
loyalty by continuing
your motorcycle coverage throughout the year. Canceling a policy after
every motorbike season, then re-establishing in the spring will
directly effect your premium.
already have automobile
insurance, your provider may also insure motorcycles. You maybe
eligible for a multi coverage discount.
Certain models or styles
of motorcycles are more expensive to insure. If you are looking for
cost effective transportation be sure to check whether the type of
motorbike you are considering has any additional surcharges associated
with the coverage.
insurance companies will offer
a discount if you install an anti-theft device. There are many
different styles of security available for motorcycles. Make sure you
check with your insurance provider to find out which type of security
will earn you a discount.
carefully. This may sound obvious, but tickets and accidents will
increase your insurance premium.
your deductibles. A higher
deductible will reduce your insurance premium. Consider the value of
your bike and the cost of potential repairs, and raise your deductible
to a level you can afford.
you compare insurance
quotes. Motorcycle insurance premiums will vary based on the
company. Get several quotes before you make a decision. Make sure to
compare the same types of coverage and specifications with each
insurance provider to determine which covergae to accept.