Affordable motorcycle insurance

In 2021, the average cost in the province of Quebec for motorcycle insurance is $202/year. Montreal’s average price is slightly higher, due to higher traffic density.

Here are some factors that determine what a client pays for biker insurance:

• Newer motorcycles are more expensive to insure than used motorcycles.
• Financed motorcycles are more expensive because you’re required to take “all risk” coverage instead of “one-way” coverage.
• Customers with many accidents or claims pay more than accident-free customers.
• Customers who have bad credit scores pay more than customers with good credit scores.
• Customers who have been cancelled for non-payment in the past pay more than customers who have never had payment problems.
• Sport-bikes are more expensive to insure than cruisers.

There are 4 main ways you can lower your Montreal motorcycle insurance cost:

1. Avoid making small claims – If you have 3 or more claims within 5 years, you will have a very difficult time finding affordable insurance.
2. Raise your deductibles – The more you’re willing to pay out of pocket to have repairs done, the less expensive your Car Insurance will be.
3. Bundle your motorcycle & residential insurance – You can save a significant amount when you combine insurance policies.
4. Consider buying “one-way” coverage – Just be aware of the coverage and protections you’re missing out on by spending less.

You can get a motorcycle insurance quote in Montreal by either calling an insurance company directly or going on their website and filling out a quote online.

Once you find a quote that you’re happy with, you’ll need to provide the insurance company the serial number (VIN) of the motorcycle you want to insure, as well as the driver’s license numbers of all drivers you want on your policy.

From there, the insurance company will send you proof insurance, usually by email. Once you get the proof of insurance, you’re good to go!

When looking for “all risk” motorcycle insurance in Montreal, you’ll need to either get quotes online or over the phone with an insurance company.

All risk insurance (B1) is when you have coverage for collision, fire, theft, vandalism, hit & runs, glass breakage and civil liability. One-way coverage includes liability coverage only.

Deciding between “all risk” or “one-way” motorcycle insurance depends on a few different factors:

1. If your vehicle is being financed, you need all risk coverage to protect both you and your finance company. Usually, the finance company will not let you leave with your bike until they have proof and/or confirmation that the motorcycle is insured for all risk.
2. If your motorcycle is important to you and you don’t have the means to repair or replace it in the event of damage, all risk insurance is the way to go. At KBD, we suggest all risk coverage on all motorcycles less than 5 years old and/or with a value of more than $5,000.

If all risk insurance is what you need, be sure to mention it when finalizing your motorcycle quote with the insurance professional.

There are a few ways to receive motorcycle insurance quotes online:

• Motorcycle insurance broker websites (like KBD) who can compare prices for you
• Directly visit major insurance company websites:
  • Desjardins
  • Belair
  • La Capitale
• Aggregator websites like rates.ca or clicassure.com

A free 3-minute quote will provide more of an estimate than an accurate price.

KBD provides online quotes through Intact, Economical & L’Unique.

The first thing you need to do is get a quote. You can get a quote by either calling an insurance company directly or going on their website and filling out a quote online. Once you find a quote that you’re happy with, you will need to provide the insurance company the serial number of the motorcycle you want to insure, as well as the driver’s license number of each driver you want on your policy. From there, the insurance company will send you proof of insurance, usually by email. Once you get the proof of insurance, you’re good to go!

When looking on the coverage page of your contract, you need to look for the following codes to understand what’s covered and what isn’t:

• B1 (All Risk): Collision, fire, theft (including motorcycle accessories), vandalism, hit & run, glass breakage and animals.
• B2 (Collision): Responsible accidents with other vehicles, objects, buildings or loss of control of the motorcycle. Also covers hit & runs.
• B3 (Comprehensive): Fire, theft (including motorcycle accessories), vandalism and glass breakage

All Montreal motorcycle policies include civil liability (damage you may cause to others with your motorcycle). If you don’t see the codes B1, B2 or B3, then you likely only have coverage for civil liability.

Motorcycle insurance policies vary greatly. What might be the best for you may not be the best for your neighbor, and vice versa. The only way to know company is best for you is by shopping amongst the top insurance companies, such as:

• Intact
• Belair
• Desjardins
• All-State
• Promutuel
• La Personnelle
• La Capital
• SSQ
• Wawanesa

KBD is a Montreal insurance broker, we work with Canadian companies like Intact, Economical & L’Unique.

Generally speaking, yes.

Your motorcycle insurance price is based a several different factors, such as:

• Year of the motorcycle
• Make of the motorcycle
• Model of the motorcycle
• Value of the motorcycle
• Your age
• Your sex
• Your postal code
• Your credit score
• Your accident history

Your price is also based on your driving history and how long you’ve had your motorcycle license.