1. Shop around:
Compare quotes from different insurance companies to find the best rate. Some companies that offer motorcycle insurance in Toronto include:
- TD Insurance
- Intact Insurance
- Allstate Insurance
- Pembridge Insurance
- Progressive Insurance
2. Take a motorcycle safety course:
Some motorcycle insurers in Canada offer discounts for completing an approved motorcycle safety course. This is especially true if you are a new rider.
3. Increase your deductible:
A higher deductible will result in a lower premium. However, be sure to choose a deductible that you are comfortable with and can afford.
4. Consider usage-based insurance:
Some insurance companies offer usage-based insurance programs that track how much you ride and how often. If you ride less frequently or for shorter distances, you may be eligible for a lower premium.
5. Bundle your policies:
If you have other insurance policies with the same company (such as home or auto insurance), you may be eligible for a discount if you bundle them together.
6. Ask about discounts:
Many insurance companies offer discounts for things such as:
- Being a member of a motorcycle club
- Having a clean driving record
- Having a garage where you store your motorcycle
- Installing an alarm or security device on your motorcycle
It's important to note that motorcycle insurance rates can vary widely based on a number of factors, including your age, experience, type of motorcycle, and riding history. By following these tips, you can help find the best low-cost motorcycle insurance in Toronto.
