When it comes to motorcycle insurance. Calgary’s Lane’s Insurance brokers are aware that coverage is completely dependent upon the needs and wants of the rider. Our insurance specialists will discuss your riding habits and streamline your package to suit your lifestyle. If you have an expensive bike and you ride in traffic often, you’re likely going to want collision or comprehensive coverage. If you have an old bike you just enjoy putting about the country, you could consider exempting yourself from collision or comprehensive coverage.
Interestingly, typical motorcycle insurance does account for the fact that most motorcyclists are only active during the warm-weather months of the year, which are typically defined as March through October. Most insurance brokers in Calgary offer plans in which percentages of your coverage are assigned to the months of the year during which you are most likely to ride actively. If you ever choose to cancel your plan, if it is early in the year and you have not had the chance to ride your bike much, you will get more of your premium returned than you would if you cancelled in November.
Here is an example of how seasonal motorcycle insurance ratings break down:
- November through February: 0 per cent
- March: 5 per cent
- April: 10 per cent
- May: 10 per cent
- June: 20 per cent
- July: 20 per cent
- August: 20 per cent
- September: 10 per cent
- October: 5 per cent
All motorcycle insurance in Alberta and Calgary is continuous, so if you ride you’re free to take advantage of unusually warm conditions if a Chinook wind hits between November and February, which is not uncommon!
Motorcycle Insurance in Calgary: Additional Considerations
Given that most motorcyclists in southern Alberta put their bikes in storage during the winter months, you need to be sure that your policy protects your property while it’s bedded down for winter. Threats to the safety of motorcycles in storage include weather-related damage, fire, vandalism and theft. It’s wisest to carry insurance that protects the full value of your motorcycle against these potential hazards.
If you want to reduce your Calgary motorcycle insurance rates, you have several strategies available to you. They include:
- Changing your deductible. The higher your deductible, the lower your annual premium. This universal fact about insurance represents the easiest way for you to get a break on your bottom line.
- Consolidating all your insurance policies with a single carrier. Most insurance companies will offer discounts to customers who have multiple policies with them. For example, if you carry homeowners insurance through a particular company, you might be able to switch your auto insurance and motorcycle insurance to the same carrier and save on all three.
- Add an anti-theft device. If you deter would-be thieves with an anti-theft device, your insurance company may offer to reduce your annual premium. The savings could pay for the cost of the anti-theft device, and then some.
- Take safety training courses. No matter how much experience you have, it never hurts to brush up on your motorcycle safety skills. Taking a certified motorcycle training course sends a message to your insurance company that you’re serious about safety, and you just might qualify for reduced motorcycle insurance premiums as a result.
- Switch to a different type of motorcycle. Certain makes and models are more expensive to insure than others. For example, racing bikes tend to command higher insurance premiums than cruising bikes. If your premiums are too high, you may want to consider a different make, model or type of motorcycle.
Enjoy Great Service and Competitive Insurance Rates at Lane’s
Lane’s Insurance is a leading Alberta-based insurance brokerage. Our brokers enjoy unique relationships with the insurance companies that serve the province, enabling us to shop around to find the very best possible rates for our clients. Our courteous and helpful associates are also happy to discuss your particular needs in detail to help you find the right balance of comprehensive protection and affordable coverage. To learn more about our motorcycle insurance plans, or if you have any other insurance questions or concerns, please don’t hesitate to contact us.