Ride with confidence, backed by the right coverage

Helps pay to repair or replace your motorcycle after a covered collision with another vehicle or object, or if the bike overturns, subject to your deductible and policy terms. Navacord can help you determine whether collision coverage is appropriate for your motorcycle and confirm any lender or lessor requirements. 

Covers loss or damage from insured non-collision events, which may include theft, fire, vandalism, falling or flying objects, severe weather and contact with an animal. Your Navacord advisor assists by reviewing covered risks, exclusions and deductible options. 

Combines collision and comprehensive protection and may also cover certain losses caused by someone in your household or by an employee who drives, services or repairs your motorcycle. At Navacord, we compare this broader option with other available coverage and determine what best supports your needs. 

Covers only the risks specifically listed in your policy, which may include theft, fire, lightning, explosion, earthquake, windstorm, hail, rising water or certain transportation losses. Because it generally provides narrower protection than comprehensive coverage, your Navacord advisor can help you evaluate the differences. 

May help with eligible emergency services such as towing, battery boosts, fuel delivery, flat-tire assistance or lockout service. Navacord can help you review the services, limits and availability offered by your insurer or assistance provider. 

Yes. You need motorcycle insurance to ride legally on public roads in Canada. Minimum coverage requirements and insurance systems vary by province or territory, so a Navacord advisor can help confirm what applies where you live. 

A motorcycle insurance policy may include required protection such as third-party liability and, depending on your province, accident benefits, uninsured motorist coverage or direct compensation for property damage. Optional coverage may protect your bike against collision, theft, fire, vandalism and other insured risks. Coverage, limits and exclusions vary by policy. 

The cost of motorcycle insurance depends on the following factors: 

• Your driving record 
• The number of years you have been licensed 
• Your insurance history 
• The make, model and value of the motorcycle 
• Your coverage options 
• Your deductible amount 

You may be able to lower your motorcycle or motorbike insurance premium with these strategies: 

• Compare quotes from multiple providers. Working with a broker is an easy and effective way to review your options. As a trusted expert, they shop the market for you, explain the details and answer all your questions. 
• Bundle with your home or auto insurance. This can potentially help you secure a lower rate. 
• Insure multiple motorcycles under one policy. Drivers with several motorcycles typically pay less by insuring all of their bikes under one motorcycle policy instead of individually. 
• Install an approved anti-theft device. Depending on the insurer, it may reduce theft risk and qualify you for savings. 
• Store your motorcycle securely. A locked, well-maintained storage space can help reduce the risk of theft and winter damage. 
• Complete an approved motorcycle training course. It can strengthen your riding skills and may qualify you for savings, depending on the insurer. 

Insurance rates depend on the motorcycle’s engine size, horsepower, value, repair costs and theft risk, as well as rider and policy factors. 

Smaller, lower-powered motorcycles are often less expensive to insure than high-powered sport bikes, luxury models or collector motorcycles. Mopeds, scooters and standard cruisers may also have lower rates, but pricing varies by rider, location and insurer. 

Keeping coverage year-round can protect your motorcycle while it is stored against insured risks such as theft, fire, vandalism and falling objects. Available storage protection depends on your policy. 

Motorcycle policies may also be priced to reflect a shorter riding season, so cancelling for winter may provide limited savings and can create a coverage gap. Ask your broker before changing or cancelling your policy.