Motorcycle Insurance

Frequently Asked Questions

- Motorcycle insurance general info
- Seasonal rating
- The Pay-As-You-Ride® payment option

Motorcycle insurance general info

Does motorcycle insurance work in the same way as car insurance, where I buy comprehensive coverage and also have the option to add collision?
Motorcycle insurance works the same way as car insurance. For more details, take a look at the product information page.

Seasonal rating

What is a seasonal rating?
Seasonal rating is a way of calculating insurance premiums which takes into account that a motorcycle is usually only used for part of the year. While coverage is in place for the full 12 months, the premiums are reduced to factor in the winter months when a motorcycle is usually off the road. For motorcycles, the premium is charged for the months of March-October.

Month % of Annual Premium
January 0 % July 20 %
February 0 % August 20 %
March 5 % September 10 %
April 10 % October 5 %
May 10 % November 0 %
June 20 % December 0 %

The Pay-As-You-Ride payment option

What is the Pay-As-You-Ride payment option?
It is a payment option that allows you to pay for your motorcycle insurance during the usual riding months and be payment-free during the winter months.

  • You renew your premium at the beginning of the year, in the months preceding the riding season (January 29 - March 1).
  • The first payment begins in March when you’re getting your motorcycle registered and ready for the road. Your payments end in September when you’re ready to store your motorcycle for the winter.
  • If you buy a new bike during the winter months, there is no additional cost added to your premium. However, when you renew your premium, your 12-month premium will be based on the new motorcycle and spread over 7 months.
  • You can also decline this option and pay in full up-front.

Why is my Pay-As-You-Ride option renewed in February (prior to the riding season)?
Both your premium and the payment option are based on the riding season. The riding season typically runs from late March until early October. All of our motorcycle policies are renewed at the beginning of the year, in the months preceding the riding season (January 29 - March 1).

I have the Pay-As-You-Ride option. Why is my first payment in March?
Pay-As-You-Ride motorcycle policy premiums are paid during the riding season. As spring approaches, many motorcycle owners begin thinking about getting their motorcycles registered and ready for the road, so that’s when payments begin. Payments run for 7 months and end in September, just before motorcycles are stored for the winter.

Why are there 7 payments under the Pay-As-You-Ride payment option?
No one likes to pay for something they aren’t using. That’s why we divide the motorcycle premium over the first 7 months of the riding season. While coverage is in force for 12 months, payments are only made from March to September, leaving the winter months payment-free.

What if I make changes that will affect the Pay-As-You-Ride option, such as buying a new bike?
During the riding season, the change in premium would be seasonally rated and any difference would be adjusted equally across the remaining payments. Should you purchase a new bike during the winter months, there would be no additional cost to you. However, upon renewing, your 12-month premium would be based on the new motorcycle, and payments would be spread over 7 months.

Why was my premium for Pay-As-You-Ride lower the first year?
If your new policy last year started at the end of the riding season, only a small portion of the premium was required. Your new premium represents the full riding season. Your new premium will be divided into 7 payments and you will benefit from not having to pay during the winter months.

Can I be on a different payment plan other than Pay-As-You-Ride?
The Pay-As-You-Ride option is designed to make it easier for you to pay as you ride and enjoy the security of being insured for 12 months. However, upon renewal, you can opt to pay in full.

The information and examples provided in this section are intended as general information only. This does not constitute legal or insurance advice, nor does it pertain to determination of fault. In all cases, you should speak to an insurance professional before acting. Your insurance policy contains limitations and restrictions which vary by province and may affect your coverage and/or determine whether or not benefits will be payable.