If you love to ride your motorcycle, you need to make sure you have the right kind of motorcycle insurance—and have it without breaking the bank. Find out why more Ontario riders are getting coverage for their bike through Mitchell & Whale.
See the full list of companies we shop on your behalf.
As with auto insurance, Canadian motorcyclists must carry standard insurance that covers Third-party Liability; Accident Benefits; and Uninsured Automobile coverage. And, as with auto, optional coverage includes protection from damage or loss, such as Comprehensive; All perils; Specified Perils; and Collision. You can buy combinations of these coverages to protect you against the damage/loss of your scooter or motorcycle caused by theft, fire and other unpredictable events.
Had the pleasure of working with Nicole Schrader on a motorcycle insurance policy. She was very professional, answered all of... read more
Natasha was great,she found a deal no one else can: insurance for my motorcycle supersports bike. She replied very fast... read more
Chris was very pleasant and professional to deal with. He even got an application late on Fri evening to get... read more
Very happy with the service i got even though i was a little rude they stuck with me and got... read more
Awesome experience pleasant to deal with and didnt have to give up my first born. If your looking for... read more
After a frustrating day on the phone trying to find companies that do “stand alone” motorcycle insurance, 80% saying no,... read more
Many different factors play into motorcycle insurance rates in Ontario, such as your age, your riding history, your bike, and any discounts you might be eligible for. Motorcycle insurance usually costs much less than auto insurance; however, rising rates in Ontario mean that it pays to work with a broker that works with as many motorcycle insurance companies as possible.
|Age Range||Average Yearly Rate1|
|20 – 24||$2262|
|25 – 29||$1853|
|30 – 34||$1454|
|35 – 39||$1316|
1 The listed average rates are average premiums for all insurance policies excluding Facility policies. The average premiums do not control for location, years licensed, type of motorcycle or any combined discounts. Updated Aug 2017.
|Bike Model||Average Yearly Rate2|
|Harley Davidson Sportster 1200||$2693|
|Harley Davidson Sportster 883||$2430|
|Harley Davidson (Non-Sportsters)||$1875|
|Honda Rebel 300||$912|
|Honda Rebel 500||$1869|
|Kawasaki Ninja EX250R||$1188|
|Kawasaki Ninja EX300||$1620|
|Kawasaki Ninja EX650||$2507|
|Kawasaki Ninja ZX600||$3039|
2 The listed average rates are average premiums for all insurance policies. The average premiums do not control for location, years licensed, type of motorcycle or any combined discounts. Updated Aug 2017.
Remember your individual premium is based on your individual riding record, location, type of motorcycle and available discounts. Talk to a licensed broker before making any insurance decisions.
Although some companies are raising their rates on motorcycle insurance, we work with over 40 different insurance companies in order to offer highly competitive rates to our Ontario clients. With a continued dedication to offer outstanding value and customer service, we now offer the lowest price on motorcycle insurance for experienced motorcyclists, and for riders who have successfully completed motorcycle rider training approved by the Ministry of Transportation of Ontario, such as Basic, the M2 Exit and the Pro-Riders training programs.
Insurance on a starter bike such as a 2017 Honda CBR300RA for an example, for a 25 year old male with no prior insurance; an M1 license; with a down town Toronto postal code; would be approximately $3500.
If the same rider in the same postal code were to obtain rider training and their M2, insurance would be approximately $1500. This includes $1M liability and $1000 deductible on collision and comprehensive.
Keep in mind that your individual rates will be impacted by your individual profile, and your rates may be different than the example above. Having rider training allows for a greater choice of companies to choose from, and as such it’s possible to find lower prices.
The same rider as above as an 18 year old would be estimated to be $2600 with an M2 license and rider training. Without rider training it would be approximately $6200.
Short answer: No, you can't. Longer answer: Your motorcycle insurance company is aware of the seasonal use associated with your bike. As such, they calculate your earned premium on how much of a risk they are being exposed to, based on the months of the riding season. If you cancel your insurance policy mid term, the insurance company will calculate your total premium owing based on the amount of time you had the policy during the riding season.
If the insurance companies were to charge you an equal amount for every month of the year, a $3500 policy would end up being a $8400 policy.
To make budgeting simple, the insurance companies usually allow you to spread your policy premium over the year in equal installments, and if you have collision or comprehensive coverage on your policy, you have coverage if your bike is stolen or catches fire while in storage.
Motorcycle insurance is so expensive because of the cost to fix your body if you are in an accident.
In Ontario, both motorcycle insurance and auto insurance are regulated by the government. With both of these insurance policies, the insurance companies are mandated by law to provide accident benefits to provide you with medical care if you're hurt in an accident.
The accident benefits portion of the 25 year old with a $3500 M1 policy is over $2100; with collision, the insurance for the bike only being $246 of the total premium. As Ontario is a no-fault insurance province, it is your own insurance company that has to pay the health care system to fix you, not the insurance company of the car that hit you, even if you are not at fault.
As you are virtually unprotected compared to an automobile driver, insurance companies spend a lot of money on fixing up motorcyclists after accidents compared with dealing with those who drive cars, vans, or trucks.
To get lower motorcycle insurance rates now, or to find out more about our coverage options, contact us online or call us at 1-800-731-2228. We'll be pleased to help you.
Some insurance companies only care about getting your money. I did not find this true with the company that Mitchell & Whale got for my motorcycle coverage. Not only did they save me and my friends a chunk of cash, they found a small mistake in the calculation of the premium and I received a refund check. Good work people!
Well as you are a new company to us and therefore unknown, we did it for the savings. We only have my motorcycle insured with you for now but intend to switch our two cars to you come July and our home next January. Just on the bike our savings were $300. Cheers,
I needed to compare motorcycle insurance costs since the price to cover my recently acquired 2011 Moto Guzzi V7 with my current insurance company was just too much. I was directed to Mitchell & Whale on the internet and I was able to get a quote quickly and also had my questions answered as well. I am out of town but I was able to get everything done on-line by email. My broker was also easily reached by phone. Their price was the best of all the companies I compared and their service has been prompt and efficient. I would recommend any one who needs motorcycle insurance to give them a try.