A new wave of motorcycle insurance companies are offering consumers a cheap alternative to the $150,000 or more that conventional policies are charged.
Article continues belowArticle continues hereA new wave that is aimed at making buying a new motorcycle affordable is now spreading to Canada, the U.S. and Europe.
The latest entrants in the market include a website, called Motorcycle Insurance Company Canada, and an app that is meant to help riders get insurance on their own.MTC’s website offers information on various types of motorcycle policies, including ones that include a deductible and coverage limits, and the cost of a new helmet and the costs of a helmet replacement.
There is also a guide to buying a motorcycle insurance policy for riders in Canada.
The app offers more information, including how much a policy covers for a motorcycle, how long it will last and how much it will cost.
There are a number of different types of policies on offer, including standard policy, commercial policy and hybrid policy, which offers the rider a hybrid motorcycle and a motorcycle with an auto transmission.MCTC says it will launch a new insurance service in Canada on Sept. 20.
It says it is looking to expand to the U