Depending on where you live, you’ll likely need a dirt bike insurance policy to ride your vehicle on public roads, which can cost you a few hundred dollars every year. Fortunately, there are several things you can do to save money on dirt bike insurance, including comparing quotes from multiple insurers, maintaining a clean driving record, and bundling policies.
Let’s get into more detail about how to keep your dirt bike insurance premiums affordable.
Tips To Save Money On Dirt Bike Insurance In Canada
You’ll likely spend a few hundred dollars annually for dirt bike insurance. But there are a few things you can do to get affordable dirt bike insurance:
Tip# 1: Improve Your Credit Score
Increasing your credit score can lower your dirt bike insurance premiums because insurers see higher scores as an indication of financial responsibility. Drivers with good credit are perceived as less risky and more likely to pay their premiums on time and practice safer driving habits.
If your credit score is a little low, consider taking some time to give it a boost to reduce your insurance costs.
Learn more: Do Insurance Companies Check Credit In Canada?
Tip# 2: Compare Multiple Insurance Providers
Comparing insurance providers and their rates can help you find the lowest prices while still providing you with the coverage you need. Use an online insurance comparison site to quickly compare insurance quotes side-by-side to quickly find where the best deals are to help you save.
Tip# 3: Bundle Insurance Policies
Bundling your dirt bike insurance policy with other policies, such as home and auto insurance, can help reduce costs. Insurance companies often offer discounts to clients who buy multiple types of insurance plans from them, which can reduce the total cost of all policies.
Tip# 4: Perform Regular Maintenance
Keeping your dirt bike in good condition can help lower insurance premiums by reducing the risk of breakdowns and accidents. Well-maintained dirt bikes may be less likely to experience mechanical failures, which can reduce the number of claims filed. Insurance companies may offer lower premiums as a result of this reduced risk.
Learn more: Dirt Bike Financing Canada
Is Dirt Bike Insurance Mandatory In Canada?
Generally speaking, you’ll likely need insurance for your dirt bike if you drive it off your property, depending on where you’re located in Canada. The exact dirt bike insurance requirements vary by province. You’ll need to check with your provincial transportation office for specific rules in your location.
The following chart outlines each province’s insurance requirements to operate a dirt bike:
| Province | Insurance Requirements | |
| British Columbia | Liability coverage is required to operate dirt bikes on public land. | Learn more |
| Alberta | Off-road vehicle liability insurance is mandatory to ride dirt bikes on public land. | Learn more |
| Saskatchewan | Dirt bikes must be insured before they can be driven in public areas. | Learn more |
| Manitoba | Off-road vehicle insurance is required. | Learn more |
| Ontario | Insurance required to operate dirt bikes on public land. | Learn more |
| Quebec | Liability coverage is required for dirt bikes. | Learn more |
| New Brunswick | Insurance for dirt bikes is not required. | Learn more |
| Nova Scotia | A motor vehicle liability policy is required for use of dirt bikes. | Learn more |
| Newfoundland | Insurance for dirt bikes is required for use on highways | Learn more |
| PEI | Dirt bike insurance is not mandatory. | Learn more |
What Does Dirt Bike Insurance Cover?
Dirt bike insurance provides the following types of coverage:
Liability Coverage
Liability coverage is an essential form of insurance for dirt bikes, as it protects you financially if you’re found responsible for causing injury or damage to someone else’s property. More specifically, it covers legal fees, medical fees, and repair costs.
Collision Coverage
Collision coverage covers the cost of any required repairs or replacement for your dirt bike if it is damaged in an accident with another vehicle or object, regardless of who is at fault.
Comprehensive Coverage
Comprehensive coverage protects your dirt bike against damage not caused by a collision, such as theft, vandalism, fire, and natural disasters.
Replacement Coverage
Replacement coverage pays to replace your dirt bike if it’s damaged or lost with a new dirt bike of similar kind and quality.
Where Can You Buy Dirt Bike Insurance?
Dirt bike insurance policies are available from the following sources:
- Insurance Companies: Providers such as The Co-operators and TD Insurance offer coverage options for dirt bikes.
- Insurance Brokers: Brokerages can help you find an insurance company and provide quotes to help you find the lowest-priced coverage for your dirt bike. They’ll shop around for you with multiple insurers to find the right policy for you at the best rate.
How Much Does Dirt Bike Insurance Cost?
Dirt bike insurance in Canada varies significantly in cost based on multiple factors, such as location, driving history, the rider’s age, and the bike’s features.
To get an estimate on how much dirt bike insurance will cost you, you can apply for a no-obligation quote from different insurers. Many insurance companies will offer pre-approvals so you can gauge your costs and compare offers.
Factors That Affect The Cost Of Dirt Bike Insurance
Several factors influence how much you’ll pay for dirt bike insurance, including the following:
- Location: Where you live can affect your rate. Not only do costs vary across different provinces, but also different cities and neighbourhoods. For instance, areas with high theft rates or more accidents come with higher premiums.
- Bike Value: The higher the value of the dirt bike, the more it will cost to replace in the event of damage, which affects your insurance rates.
- Coverage Amount: Higher coverage amounts and more comprehensive plans can increase rates.
- Age And Experience: Younger drivers or those with less experience riding dirt bikes are typically charged higher premiums due to increased risk of accidents.
- Driving Frequency: How often you ride your dirt bike can also impact the cost of insurance premiums.
- Security Features: Anti-theft devices can lower your insurance premiums.
Bottom Line
Dirt bike insurance may be required if you plan to drive it on public land, which is just another cost added to your existing pile of expenses. But you don’t necessarily have to break the bank for this type of coverage. By comparing providers using an online source like Loans Canada, you can find the best prices and save money on dirt bike insurance.
