How does motorcycle insurance in Ontario work?

You’ve been waiting through a long, cold winter and you can’t wait to hit the open road to feel the sun on your face and the wind in your hair. Before you fuel up that tank, there’s one thing you absolutely need to do first: make sure you have motorcycle insurance in Ontario.

Not driving a motorcycle? This information is also relevant if you’re driving:

  • Mopeds
  • Motor scooters
  • and Motor-assisted bicycles

You need insurance to drive anywhere in Canada, but there are four types of mandatory motorcycle insurance in Ontario that unlock the keys to your ride.

Mandatory motorcycle insurance in Ontario

In order to drive a motorcycle in Ontario, you need to have a valid M1, M2, or M class license, be 16 years old, and have the proper insurance.

Here are the four types of mandatory insurance you need before you can hit the pavement.

"Car insurance that hurts way, way less" beside toy cacti.

Direct Compensation Property Damage: This insurance protects you against damage to your vehicle and anything inside in case you get in an accident. This only applies to accidents that happen in Ontario.

Third-Party Liability Coverage: You need a minimum of $200,000 in case you injure or kill someone or damage their property, but insurers tend to provide no less than $1,000,000 in standard policies now. Claims with third-party liability insurance covers legal costs up to your insured limit if you’re sued.

Uninsured Automobile Coverage: If you’re injured or killed by an uninsured or unidentified driver, this coverage will provide financial compensation to you and your family. It also includes coverage for damage to your car up to $25,000.

Statutory Accident Benefits Coverage: If you’re injured or killed in an accident, at-fault or not, statutory accident benefits coverage will provide supplementary medical, rehabilitation, attendant care, caregiver, non-earner, income replacement, and death benefits.

Are there other types of motorcycle insurance?

Yes, there are several types of coverage you can add to your motorcycle insurance in Ontario.

  • Specified perils coverage: Damage from specific causes like theft or fire named in the policy.
  • Comprehensive coverage: Replace or repair your motorcycle if damage is caused by anything but an accident, like a fallen tree branch or hail storm.
  • Collision or upset coverage: Reimbursement for the value of your motorcycle, minus your deductible.

In addition to extra coverage, you can also increase your limits for your liability and accident benefits if you feel you need more.

"You'll be done in 3 minutes" beside a black and white hand holding a pocket watch.

Why would you raise your limits? If your vehicle is expensive to repair or if you use your vehicle frequently for commuting, or if there are several drivers using the car—some of which have less experience—then it might be prudent.

How much does motorcycle insurance cost?

As always, there is no single answer to this question because many factors raise and lower auto insurance rates.

  • Your age.
  • Where you live.
  • Your driving record.
  • The age of the motorcycle you’re driving.
  • The value of the motorcycle.
  • How often you drive.
  • Where you drive (i.e. in an area with a higher percentage of collisions).

That being said, a majority of motorcycle insurance premiums in Ontario start at $100 per month. With a clean record you could still pay $250 per month.

Can I get seasonal motorcycle insurance in Ontario?

Typically your insurance representative would take the fact that you live in Canada where we get snow several months of the year into account when calculating your premiums. So the monthly premium you’re paying all year is actually just a smaller installment of the coverage during your active driving months.

This method is preferable to cancelling insurance policies and picking them back up again, because you can lose good rates and discounts that way.

That’s the long and short of motorcycle insurance in Ontario! Get the coverage you need, stay safe on the roads, and you’ll be in good shape.

Seriously, what else can you do in 3 minutes?

Boil half an egg?

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