Motorcycle owners will have 3 options for injury coverage:
- the full package of No Fault injury benefits; or
- Tort coverage; or,
- a reduced package of No Fault injury benefits.
The insurance rate for any of the 3 options is dependent on the make and model of motorcycle, and the registrant’s Safe Driver Recognition program rating.
Reduced No Fault injury insurance
Reduced No Fault injury coverage is a basic package of injury benefits available to motorcycle owners who currently have No Fault coverage and feel they require fewer injury benefits in the event of a collision.
Reduced No Fault injury coverage offers the same level of benefits as the current Tort product, but with a very limited ability to sue for additional losses. This option offers a lower rate for motorcyclists who feel they require fewer injury benefits in the case of an accident, while still ensuring some level of insurance coverage.
On average, most motorcycle owners will see a reduction in the range of 20-30% of their total premium. Owners of motorcycles with the smallest available engine sizes (100 CCs and smaller) will see discounts closer to 5%.
Benefits coverage comparison options
- You will receive Reduced No Fault injury benefits only when you're operating your motorcycle and you cause the collision, including single-vehicle crashes.
- In collisions where someone else is at fault, you'll receive full No Fault injury benefits. Full No Fault injury coverage offers more generous benefits should you be injured in a collision.
Please review the complete guide to Reduced No Fault benefits (pdf, 181 kb) for a comprehensive explanation of No Fault Coverage.
Differences in coverage between the 2 (based on 2016 benefit levels) include:
|Reduced No Fault||Full No Fault|
|Income benefits||Maximum $429/week; paid for a maximum of 104 weeks||90% of net income up to a maximum gross salary of $94,587 annually to age 65, if required|
|Medical and rehabilitation coverage||Maximum $200,000 for catastrophically injured; maximum $26,667 for non-catastrophically injured||Up to $ 6,813,680|
|Permanent impairment payment||Up to $173,333 for catastrophically injured; up to $13,333 for non-catastrophic permanent injuries||Up to $238,479 for catastrophically injured; up to $195,257 for non-catastrophic permanent injuries|
|Death benefit||45% of deceased's net income to a maximum gross salary of $94,587 per year for spouse's lifetime; 5% of that amount for each dependant||45% of deceased's net income to a maximum gross salary of $94,587 per year for spouse's lifetime; 5% of that amount for each dependant|
|Ability to sue for pain and suffering||Only in very limited circumstances||Only in very limited circumstances|
|Ability to sue for costs in excess of benefits||Only in very limited circumstances||Yes|
Choose the right coverage for you
Motorcycles are smaller and their riders are more vulnerable than occupants of other vehicles on the road. A collision or fall can result in serious injuries. You should give the decision to switch to Reduced No Fault injury coverage careful thought to ensure that in the event of an injury you have the right coverage to meet your individual needs - as well as those of your family. No one plans to get into a collision, but unfortunately they do happen. You need to be prepared and make an informed decision about the coverage you carry.
Consider that you will receive reduced benefits for income, medical and rehabilitation costs, permanent impairment and funeral benefits. Questions you should think about:
- If I'm injured in a motorcycle crash and unable to work will my benefits be enough to support my spouse or children?
- Will I have enough money to pay all my living expenses?
- Does my employer or private medical/disability plan cover me for motorcycle injuries?
Be sure your injury coverage meets all your financial needs.
You can't choose the coverage you want after you've been injured. The coverage you have at the time of a collision is the coverage you'll receive for any injuries suffered.
Switching to Reduced No Fault injury coverage
If after researching your injury coverage choices you feel Reduced No Fault injury coverage is right for you, visit your local motor licence issuer. Let your issuer know that you are electing Reduced No Fault injury coverage. You will be asked to sign a declaration stating you have compared and understand the differences between No Fault and Reduced No Fault injury coverage. If you are under 18 years old, your parent or legal guardian must sign on your behalf. You'll need a signed declaration for each motorcycle you own.
If you wish to withdraw from Reduced No Fault injury coverage at any time, you will need to sign a withdrawal declaration for each motorcycle.