Motorcycle Insurance in BC

Many students like to ask us how much it will cost them to insure their bike. While we are unable to provide any specific numbers, you’ll find that your insurance premiums may be affected by any of the following factors:

  • Driving history:
    • Experience, at-fault accidents, traffic tickets, etc.
  • Claims history
    • Theft, vandalism, accidents
  • Amount of coverage
    • More coverage = More $$
    • Value of bike, deductible

Additionally, ICBC insurance rates increase with larger displacement engines.  Here’s the breakdown:

  • Up to 110cc – $
  • 111 – 400cc – $$
  • 401 – 750cc – $$$
  • 751 – 1150cc – $$$$
  • Over 1150cc – $$$$$

How can I get a discount on motorcycle insurance?

ICBC AutoplanAll BC motorists are required by law to have ICBC Basic Autoplan insurance.

  • Minimum $200K 3rd Party Liability

ICBC does not offer any further discount beyond your regular Safe Driver discount.  More specifically, taking an ICBC-Accredited Safety Course does NOT earn you any extra discount for 3rd Party Liability.

That said, if you are interested in protecting your bike against theft, vandalism and accident repair, as well as storage insurance, then Collision/Comprehensive is what you’re looking for.

While ICBC offers this coverage, there are many privately-underwritten insurance companies which not only offer this same coverage for a much lower rate, but may also discount this rate even further if you have a Certificate of Completion from an ICBC-Accredited training facility such as ProRide.

Check out this list of Private Insurers (last checked 2016):

Collector status vehicles may also qualify for a reduced insurance rate, provided it is insured for pleasure use only.

Excess Underinsured Motorist Protection

This coverage protects you if you are involved in an accident with another party who is underinsured or uninsured.  Ask your Autoplan broker about Excess Underinsured Motorist Protection and if it makes sense for you.

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