Welcome to InsuranceHotline.com, your search engine for the lowest rates on motorcycle insurance. Since 1994, InsuranceHotline.com has been helping Canadian motorcycle riders shop around for the best price on their motorcycle insurance by getting quotes from competing insurers. Consumers simply fill out a few basic forms and are instantly provided with competitive online insurance quotes and connected with a broker who can provide the policy. Motorcycle insurance quotes are currently available in Ontario and Alberta.
Introduction to motorcycle insurance
In Canada, motorcycle owners must have insurance by law. But each insurance company makes their own assessment of risk when setting their rates for a given rider based on a long list of variables. The end result is that rates can vary significantly.
Motorcycle insurance is available through insurance brokers who act as intermediaries between the consumer and the insurance companies they represent. Insurance for your motorcycle can also be purchased through captive agents who have access to the rates of just one insurance company. Finally, motorcycle insurance can be purchased from a “direct writer” who sells insurance through a website or call centre.
Why have motorcycle insurance?
Motorcycle insurance protects riders in the event of a future loss. A standard motorcycle insurance policy covers the following:
• Third-Party Liability - protects you in the event of an accident causing loss or damage to another person when you are at fault.
• Accident Benefits - offers benefits to protect you if you are injured in an accident regardless of who caused the accident.
• Uninsured Automobile Coverage - protects you in the event of death or injury caused by an uninsured motorist or by a hit-and-run.
Other optional coverage available on most motorcycle insurance policies include:
• Loss or Damage Coverage - includes All Perils, Collision, Comprehensive and Specified Perils. You can purchase a combination of these coverage’s to protect you against loss of or damage to your motorcycle caused by collision, fire, theft and a variety of other unpredictable risks.
Considerations when buying motorcycle insurance
• Shop around – motorcycle insurance rates can vary significantly from one insurer to the next, so only by checking around for comparative quotes can you be sure you have the best price available.
• Motorcycle riders training course - you may be able to lower your insurance premium by taking a training course.