The 4 Best Motorcycle Insurance Companies in Canada

Bikes are synonymous with freedom on or off the road. However, in Canada, you must have motorcycle insurance in order to ride. There are plenty of motorcycle companies in Canada, but which rank highest?

We made this list of reliable motorcycle insurance providers to help you make the best decision about your insurance. Here is what we found.

1. TD Insurance

TD is a major financial services provider in Canada, offering travel credit cards, insurance and many other financial products and services. They provide standard motorcycle insurance and the option to upgrade your coverage based on how you want to insure your vehicle.

For example, you can reduce your insurance premiums with TD Insurance by:

• Adding your car insurance with the company
• Installing an anti-theft device on your bike
• Insuring multiple products such as an additional bike, RV, or home.

TD Insurance ranks among Canada’s top three auto and personal home insurers. In addition, you can manage much of your insurance policy, questions, and concerns online.

JD Power ranks TD Insurance as fourth in Alberta with 3 stars, third in Atlantic Canada with 4 stars, eighth in Ontario with 3 stars, and tenth in Quebec with 2 stars.

2. The Co-operators?

At the top of JD Powers’ list is The Co-operators. This company has been in business since 1945 and offers a full suite of insurance and financial planning products.

The Co-operators has 56 billion in assets under management, with over 6,000 employees in 600 locations across Canada. They are rated 5 stars in Alberta, the Atlantic region, and Ontario.

You’ll find multiple insurance products, including car, vehicle, home, life, and group benefits. In addition, discounts are available if you bundle your insurance products.

Another great feature is that you can customize insurance options to suit your needs. Preferred rates may also be available, depending on your needs and qualifications.?

3. Intact?

Intact Insurance is another major player in the insurance market in Canada. Currently serving four million customers, Intact is Canada’s largest home, auto, and business insurance company.

You can get a standalone motorcycle policy or bundle motorcycle insurance with your existing Intact policies. Intact offers customers up to $2 million in third-party liability coverage, and they insure a wide variety of bikes, including custom-built, off-road, and cruisers.

If your motorcycle is an expensive model, you can insure it for up to $70,000.

JD Power ranked Intact insurance based on customer satisfaction as the seventh best insurance company in Alberta with 2 stars, second in Atlantic Canada with 4 stars, eigth in Ontario with 3 stars, and ninth in Quebec with 3 stars.

4. Aviva

Aviva is based in the UK, but has a strong presence in Canada. The company has 18 million customers in the UK, Ireland, and Canada. In Canada, they have 2.4 million customers and 4,000 employees.

Aviva offers insurance for homes, automobiles, leisure/lifestyle products, and business insurance. Customers can submit claims 24/7 online.?

A motorcycle insurance policy with Aviva covers comprehensive physical damage and offers travel protection and claims forgiveness. Additionally, the policy comes with some optional coverage.

For example, you can insure your motorcycle accessories, riding gear, and equipment, including trailers. Customers can also benefit from a waiver of depreciation and personal effects coverage.

The JD Power survey ranked Aviva eighth in Alberta with 2 stars, seventh in Atlantic Canada with 2 stars, eleventh in Ontario with 2 stars, and tenth in Quebec with 2 stars.

his article is the shortened version of an article originally published on Hardbacon.ca by Emma Martin under the title "The 10 Best Motorcycle Insurance Companies in Canada".