What is Motorcycle Insurance?

Motorcycle Insurance Definition

Insurance that the government requires motorcycle drivers to have so that anyone who is injured, killed or whose property is damaged as a result of a motorcycle accident has financial recourse for recovery. Motorcycle insurance pays for repair or replacement of damaged assets, medical care and rehabilitation for injuries, and may provide income replacement required because of disability caused by a motorcycle accident. Further, motorcycle insurance will repair or replace your motorcycle and its contents even if an uninsured motorist causes the accident. The law requires motorcyclists to carry a minimum amount of insurance, but you may wish to purchase more if you can afford it.

You don’t need motorcycle insurance if you will only drive the vehicle on private property, but since most people want to ride on public roads, you need motorcycle insurance.


Opie Winston just purchased his first motorcycle, a 2003 Harley Davidson Dyna Super Glide Sport with front drag fairing. He plans to use his motorcycle as his primary form of transportation in the summer. The government requires that he purchase motorcycle insurance since he’ll be traveling on public roads. Opie already has auto insurance for his truck, so he asks his insurance broker in Edmonton, Alberta if he can save money by combining his auto insurance with his new motorcycle policy. His insurance broker advises that his existing company offers the best value in terms of coverage and affordability, so he purchases his policy from them. When Opie is struck by a car and needs foot surgery, his motorcycle insurance pays him the value of his totaled bike and covers his hospital bills and rehabilitation therapy.

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Tips From First Foundation

Motorcycle insurance is considered a specialty product, so you may not be able to find it as easily as you would automobile insurance. If you also have an automobile, you may be able to save money on your premiums by getting both your automobile and motorcycle insurance policies through the same company. Motorcyclists with blemished driving records, a history of accidents, or an unusual type of bike may only be able to find insurance through the Facility Association. Like auto insurance, your premiums are determined based on your age, driving record, annual mileage, training and experience, location and motorcycle make, model and year.

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Last updated Feb 11, 2019