Calgary Motorcycle Insurance
Of all the places to ride a motorcycle, Calgary might be one of the best. As you soar down the open road, you’ll enjoy sights of mountains, sparkling blue lakes, and dense forests.
You’re excited to take your new bike for a spin. What’s not as exciting is figuring out your insurance. Don’t worry: At Westland Insurance, we’re here to assist with that. Our expert brokers can help you navigate your vehicle policy.
You’ve invested in a beautiful new motorcycle. But before you take it on the roads, you need to invest in insurance, too. It’s just as important as wearing your helmet and getting your Class 6 licence.
Here’s what you need to know about insuring your motorcycle in Calgary:
Mandatory and Optional Insurance Coverage in Calgary
You know you need to insure your motorcycle, but what you might not know is how much coverage you need. To help you with that, we’re going to review your options:
If you cause a collision, this policy covers expenses that result from property damage or injury to other drivers. Without this insurance, you will be liable to cover these expenses yourself.
After an accident, this coverage will provide financial support not covered by the Alberta health plan. This can include income replacement, rehabilitation, and death benefits. And if you have a passenger with you, accident benefits will provide coverage for expenses for their injuries.
If you’re involved in an accident with an uninsured motorist, this policy provides financial coverage for rehabilitative treatments and more.
When your bike is damaged by a fire, theft, or vandalism, comprehensive coverage will pay for repairs.
This ensures that motorcycles are insured for hit and runs or other driver responsible collisions.
If you’ve added aftermarket upgrades to your bike, this motorcycle policy offers additional coverage.
Has your vehicle been damaged beyond repair? This package will provide a total replacement.
Cover the cost of a temporary rental while your bike is being repaired.
If you’re involved in an accident, your insurance premiums will increase. But with Accident Rating Waiver insurance, you’ll be protected from rising premiums.
Never worry about being stranded with this emergency motorcycle policy.
Types of Mandatory Motorcycle Coverage in Calgary
You can’t drive a car without basic auto insurance. The same goes for motorcycles—you need coverage to ride your bike. Insurance coverages that you need include Third-Party Liability Coverage and Accident Benefits. Other packages are optional but might be recommended based on your circumstances.
Who Needs To Buy Motorcycle Insurance?
If you drive a motorcycle in Alberta, then you’re legally required to purchase motorcycle insurance (including Third-Party Liability coverage and Accident Benefits). A motorcycle can be categorized as any vehicle with two tandem or three wheels, and an engine size of 55 cc’s. If you own a moped or scooter, then you’ll need to insure that as well.
How Much Will Motorcycle Insurance Cost?
Did you know that taking safety courses can lower the cost of your insurance? It’s a great way to learn more about driving off-road bikes and save on insurance costs.
A few other factors that affect the cost of your insurance:
- Your age
- Where you live/drive the motorcycle
- Your driving record
Another thing to consider is how you use your motorcycle. Do you take it out once a week for pleasure? Or do you drive it to and from work? If you use your motorcycle more often, expect to pay a bit more for insurance.
Here’s something else important to note: it’s nearly impossible to ride a motorcycle in the winters, at least in Canada. Your insurance provider will assume that your auto policy is seasonal, but if you plan on riding year-round, be sure to mention this.
How Do You Calculate the Insured Value of a Motorcycle?
It’s up to you to declare the value of your motorcycle. You can reference the price on the bill of sale, but consider other factors that may affect its value. If you have the latest model of a custom-built motorcycle, be sure to appraise its worth accordingly.
The specific model of motorcycle that you ride will affect its insured value. In addition, things like the engine size and level of customization/aftermarket modifications will also factor in. If you need a quote, we’re just a phone call or email away.
What Is the Insurance Coverage for a Moped or Scooter in Calgary?
You might not know whether your bike is a motorcycle, a moped, or a scooter. If it falls within these descriptions, you can register it as a moped or scooter:
- The wheels are larger than 250 mm
- It has an electric motor, or the max engine displacement is 50 cc’s
- The max speed is 50 km/hour
- It has two tandem or three wheels
Contact Westland Insurance Today
Want to learn more about Calgary motorcycle insurance? You can request a quote from us to find out how much your motorcycle insurance will cost. We offer service in the following locations across Calgary, AB:
At our brokerage, we’ll help you find the right coverage for your sweet new ride. Our insurance providers are committed to getting you the protection you need in Canada. Contact Westland Insurance today!