Motorcycle Insurance Basics in Edmonton & Surrounding Alberta

Motorcycle insurance is required for motorcycle use on the road in Edmonton, and throughout Canada, as it protects riders and other parties in the event of a future accident or other loss. Motorcycle insurance also provides financial assistance if you have some fault in an accident that causes damage to your motorcycle and/or a third- party’s property. Certain types of insurance for motorcycles, like any motor vehicle, are mandatory and others are optional. Because motorcycles are used on a seasonal basis in Canada, this will be a factor in determining the cost and adding a motorcycle to your automobile insurance or obtaining a separate recreational policy.

License Requirements

A valid Class 6 motorcycle license is required to drive a motorcycle or moped. To obtain it, you must be at least 16 years of age, have a Class 7 learner’s license for a minimum of one continuous year and you must pass a road test. To obtain the Class 7 license, you must be at least 14 years old, must obtain parent/guardian consent if you are under 18 years old and pass a knowledge and vision test and follow the stipulated rules. The rules include practicing with a Class 5 person over 18 in the front passenger seat at all times, no driving between 12 p.m. and 5 p.m., zero alcohol levels when driving, no driving more people than seat belts.

Required Insurance Coverage for a Motorcycle:

A standard motorcycle insurance policy covers legal requirements for motorized vehicles on the road such as third-party liability, accident benefits and uninsured automobile coverage.

Third-party liability protects you in the event of an accident causing loss or damage to another person when you are at fault. If you are in an accident where the other driver has some liability, you and your passenger may be able to sue the driver, who could similarly be covered under third-party liability insurance.

Accident benefits provide you, any passenger with you and any others hurt in a motorcycle accident with income replacement and medical benefits, regardless of who caused the accident. Any passenger of yours that is injured in an accident would access these Section B benefits through your insurance.

Optional Insurance Coverage for a Motorcycle:

There are options for motorcycle insurance, including loss or damage coverage that is not mandatory but protective and relatively inexpensive. Loss or damage coverage includes all perils, collision, comprehensive and specified perils. You can purchase a combination of these types of coverage to protect you against loss of, or damage to, your motorcycle caused by collision, fire, theft, and a variety of other unpredictable risks. The repair or replacement of your motorcycle has financial significance, especially if no injuries were involved, regardless of who was at fault.

The additional accessory coverage offered in many motorcycle insurance policies provides immediate roadside assistance. With this assistance, you can obtain immediate help after an accident, including towing charges that will be covered by the policy. MBS Insurance Brokers Ltd. offers this type of insurance in Edmonton and can assist you when deciding on the best type of coverage for your unique situation.

Additional Considerations When Buying Motorcycle Insurance:

Because motorcycle riding is seasonal in Canada insurance companies adjust the premiums seasonally and do not refund cancellations for the off season. Depending on the policy, you are likely not required to pay premiums during the winter months and the premium payments are adjusted and charged during prime riding time only, which is between March and October. The insurance brokers at MBS Insurance in Edmonton can provide the actual payment breakdown for you. Knowing that motorcycle insurance premiums tend to be adjusted for seasonal use already, you may find it more convenient to continue your insurance coverage all year- round. Uninterrupted coverage allows you to use your motorbike on the occasional day where there is good weather in the off season and to take your motorbike with you for winter vacation down south.

Another benefit of keeping your motorcycle insurance policy all year round is having annual protection against fire, theft, vandalism, flood and wind damage if you normally purchase comprehensive insurance anyways for the prime season. If you choose to cancel your policy outright for the winter, then you will not be protected if your motorcycle is stolen during the winter season.

Obtaining Insurance Protection

The insurance agents at MBS Insurance Brokers Ltd. in Edmonton can help you obtain the motorcycle insurance coverage you need while saving you money. We are in contact with multiple insurance firms offering highly competitive rates. If you need motorcycle insurance, contact us at 780-436-7880 or visit our website for a free Edmonton motorcycle insurance quote.