A Guide to Cheaper Moped and Scooter Insurance
As fuel costs continue to rise and with roads becoming increasingly congested, many road-users are turning to mopeds and scooters as the most convenient way to get from A to B.
Their small 50cc engine means that mopeds keep fuel bills low, while also minimising air pollution with a low CO2 emission.
Parking is a breeze due to their compact nature and it is legal to ride from 16-years-old, making them the perfect introduction to driving at a young age.
Scooters and mopeds have become a fitting and affordable option for a variety of people since their rise in the 1960s, whether they are used to beat the traffic on the morning commute or to travel to and from school, college or university.
As with cars, insurance is a legal requirement and something that needs to be put in place. Here, we will give you an overview of how to get cheaper moped insurance and the best policies for you.
Legal Riding Requirements
Is moped insurance required and is it important? The simple answer, of course, is yes.
Every vehicle must be insured, whether it is used every day or just gathering dust in a garage - unless it has been declared ‘off the road’ by obtaining a SORN (Statutory Off Road Notice) from the DVLA.
Anyone that doesn’t comply with this regulation could be hit by a hefty £1,000 fine, a court prosecution, a clamped vehicle or even worse in some extreme cases.
People in the UK can legally ride scooters and mopeds (under 50cc) from the age of 16, but before jumping on your moped and heading off to work or study, there are some essentials to complete.
You must undertake CBT (Compulsory Basic Training) prior to riding any 50cc scooter or moped in the UK and your vehicle must be registered with the DVLA. The DVLA registration is usually already done for you, but be sure to check the documents when you first purchase your moped.
You also need tax just like any other motor vehicle but this can cost as little as £19 per year if the engine size is under 150cc.
What Insurance Policies Are Available for Mopeds and Scooters?
As with most vehicles, there is a range of policies to choose from that generally depend on your personal requirements and what level of cover that you require.
The three levels of cover are:
- Third party only moped insurance: This is the most basic and often the cheapest level of insurance, which basically covers the cost payable to a third party should you be involved in an accident. It is a basic policy so none of your own costs are covered, including the cost of vehicle repairs or replacements.
- Third party fire and theft moped insurance: This cover provides you with the same level of protection as the third party only policy, with additional cover for your own car should it be stolen or involved in a fire.
- Fully comprehensive moped insurance: This is the highest level of cover which covers the costs of any damage done to your vehicle, as well as any claims made by a third party against you.
Bear in mind that fully comprehensive policies often include optional extras, so for a more adequate and cheaper moped insurance policy, make sure you remove any additional protection that you don’t require.
It is important that you pay for the right cover for your personal situation and one that will benefit you most in the long-run.
Don’t always go for the cheapest policy, as this may leave you using your own money to pay out should you damage a third party vehicle.
Reading through long-winded insurance policies can be tedious, so why not let us do the work for you? Give us a call and we will use our expertise to find the right deal for your needs.
Moped and Scooter Insurance: Is There a Difference?
Mopeds have a small engine size of 50cc or less and can reach a top speed of 45mph, whereas a scooter’s engine can be up to 150cc.
Scooters can therefore go considerably faster than mopeds, and are generally more expensive to insure as they pose a slightly higher risk.
If you travel short distances and are happy to deal with the slower speed, you could save money on insurance by choosing a moped with a small engine over a more powerful scooter.
Moped Insurance Cost
How much is moped insurance in the UK? The average cost of moped insurance in the UK was £279 per year in 2017, based on the best quotes between January and April 2017.
Moped insurance prices can vary and it is often difficult to gauge an accurate estimation as it depends on your needs and particular situation. However, it is known that moped insurance policies are considerably cheaper than most other vehicles.
The low cost of moped and scooter insurance makes them affordable choices for young drivers especially, who are often required to pay a significantly higher amount for car insurance before building up a NCB (No Claims Bonus).
Cheap moped insurance is available through pretty much any insurance provider, so don’t go for the first one you see, let us pick out the best policies for you.
How Can I Make My Insurance Policy Cheaper?
In order to pay less for your insurance, there are a few things that you could do.
Fit your vehicle with a security chain or a dash cam – most providers are happy to offer a discount if your moped or scooter has an approved security device fitted.
Park in a locked garage, safely away from the threat of thieves – insurance providers will acknowledge this as a safety precaution and are likely to reward you with a cheaper premium.
Increase your voluntary excess (the amount that you will pay if you make a claim). Be sure only to increase this to an amount that you can afford, as you may need to pay out should you be involved in an incident.