Cost of insurance
You’ve shopped around for motorcycle insurance. You’re now down to two model choices, one of which you really like. It’s now time to find out about the insurance.
How do I go about getting insurance for my motorcycle?
Call an insurance agent or broker to get a quote.
Motorcycle insurance premiums can vary from insurer to insurer. We strongly encourage you to call several agents or brokers to compare rates. Be careful! Also check out what coverage is being offered. A lower premium could also mean less coverage.
The motorcycle insurance policy has a 12-month term. However, your annual insurance premium is spread out over six months of use. You can usually drive a motorcycle from March to October.
Do you own a high-risk motorcycle?
You own a high-risk motorcycle if it’s designed for performance.
Generally, such a motorcycle has very specific visual and technical features, such as low, short handle bars and no center stand.
Registering such a motorcycle will cost you more. So will insuring it. Check out whether yours is considered high risk.
Ask several agents or brokers for quotes. Don’t know any? Ask a friend or family member to refer one to you. You can also consult the l’Autorité des marchés financiers or Regroupement des cabinets de courtage d’assurance du Québec websites.
Have them quote for the same coverage. If you’ve decided to buy “replacement cost” coverage, mention it to the agent or broker. You’re then sure to compare apples with apples!