Motorcycle Insurance – British Columbia
There isn’t much in the world that can compare to a summer motorcycle ride. From cruise nights with friends to your main mode of transportation before the snow falls, motorcycle season is exciting to many. Let us help navigate what motorcycle insurance is right for you. When you buy motorcycle insurance in British Columbia, you will be purchasing basic mandatory coverage which is provided by the Insurance Corporation of British Columbia (ICBC), sold through us either by email, phone or in person at any of our British Columbia locations.
As your local insurance experts for over 40 years, we know that each motorcycle in BC is unique in its own way. From those who commute to work in Vancouver every day, to those who are out on the open road catching sunset ocean views, we’ve got you covered.
We understand it’s vital to protect what’s most important to you and your family. Our expert insurance advisors are here to ensure you’re protected and provide peace of mind so you can focus on what’s important in your life.
Why Choose Westland?
We know that your insurance needs to match your goals, your lifestyle and your budget. Our expert auto insurance advisors get to know you, so that they can tailor a policy to your exact needs.
We’ll find the best coverage for you at the right price so that you can continue to live your life the way you want to.
Insurance can be complex sometimes. Let our expert insurance advisors do the heavy lifting! We’ll help you find a policy that you feel is the best fit and provides peace of mind. To learn more about the benefits of being a Westland client, click here.
Who needs to buy motorcycle insurance?
If you drive a motorcycle, moped or scooter on any public roadway, you will need to insure your motorcycle. The actual definition of a motorcycle, other than sweet, beauty, beastlike, or just plain cool, is as follows:
- Can be two tandem or three wheels
- Engine size is over 50cc’s
- Includes mopeds and scooters
What’s included in basic ICBC motorcycle insurance?
Under your ICBC Autoplan policy, you’ll be covered up to $200,000 for third party liability claims.
As a BC resident, you’re covered for Accident Benefits. This coverage ensures that medical costs, lost wages and additional expenses are covered if you’re injured in an accident.
What happens if you’re injured in a crash and aren’t entitled to enhanced accident benefits or the responsible driver doesn’t have the appropriate coverage to be able to pay the damages that were awarded resulting from a claim? This will provide up to $1 million if you’re in an accident that results in injury or death from a driver with an underinsured vehicle.
Unfortunately, hit and runs that result in property damage can happen. If you have property damage resulting from a vehicle hit and run, you’re covered up to $200,000.
From there, depending on your personal situation, type of motorcycle and your use of it, you will want to consider adding extensions to increase your protection.
What optional coverages are available in British Columbia?
Under basic insurance, Basic Vehicle Damage Coverage would cover repairs/damage up to $200,000 when the other driver is at fault. If you’re sweet new ride costs a pretty penny, you’ll want to explore damage coverage to protect your investment.
Will $200,000 be enough in an accident? These days, probably not with the cost of medical expenses and property repairs. Are you prepared financially for out of pocket expenses if an accident causes costs above and beyond $200,000? Increased third party liability coverage provides that peace of mind while out one the open road.
Our auto insurance advisors will work with you to create the right motorcycle policy. Connect with us today!
How do you calculate the insured value of a motorcycle?
When you go to insure your ride, you will be asked to select the declared value which will determine the limit of coverage you will purchase. Originally this will be part of the bill of sale but you will also want to take into consideration modifications you have made to make yours the stand out beauty that it is! And of course, you will want to consider depreciation over the years. Elements that will form the value of your motorcycle include:
- Make and model
- Engine size
- Level of customization
Try to be accurate with your declared value as the amount that will be paid out to you in the event of a total loss will be based on fair market value.
What does motorcycle insurance cost?
Once you have determined the declared value of your motorcycle, the premium you pay for insurance will also be impacted by how you use your motorcycle (just pleasure? to and from work?) as well as where you live (do you ride in the city or rural?). Your driving record and level of motorcycle license will also affect your premium. And of course, the optional coverages and deductibles you select will play a role in the cost as well.
What about coverage for a moped or scooter?
How is a scooter or moped defined differently from a motorcycle? Basically, if your ride falls within the following description, you can register as a scooter or moped:
- Two tandem or three wheels
- Wheels larger than 250 mm
- Maximum engine displacement is 50cc’s or it has an electric motor
- Maximum speed of 50kms per hour
- If the maximum cc’s or maximum speed exceeds these limits, your bike must be registered as a motorcycle.
Review Your Insurance and Get a Quote with Westland
Ready to discuss your insurance needs? Our expert advisors are here to review your current insurance policies, discuss your unique needs, and find the perfect motorcycle insurance policy for you. Whether it’s over email, the phone or in person we are ready to help! To get started on a quote now and see price estimates for your motorcycle coverage, click the button below. Our advisors will contact you right away and help navigate your risk management needs. Of course, we are always available to talk over the phone or in person. Check out our locations page to connect with an office closest to you!