Saving Money On Scooter And Moped Insurance Takes Time PDF Print E-mail
Written by David V. Williams   
Saturday, 12 June 2010 11:17
There are a number of things that determine how a person could be saving money on scooter and moped insurance. There is the level of insurance, how much of a risk the insured is, or perceived to be and the background of the insured.
by DavidV.Williams


There are a number of things that determine how a person could be saving money on scooter and moped insurance. There is the level of insurance, how much of a risk the insured is, or perceived to be and the background of the insured.

Under the category of risk or perceived risk of the insured, most insurance companies will charge a higher premium for those drivers under the age of 25. And if they have prior accidents with either a car, moped or scooter, then their initial insurance will be very high for a number of months or years.

It may not seem important but it is crucial the area in which the moped or scooter owner lives because where they park the bike at night has a lot to do with what type of insurance they receive. The risk is concerning the theft of the small motorized piece of transportation because they are easily carried off without a key and are stolen more often then other vehicles. A person interested in insuring their scooter or moped would have better luck getting cheaper rates if they were to store their bike in a better neighborhood such as at a friends house or a storage facility or even bring the vehicle into their own home.

One item of consideration when first applying for insurance is the mileage of the moped or scooter. Some people might use the yearly mileage of the automobile to estimate their other mode of transportation usage; however, people must remember that they will not be driving the scooter or moped to work or school everyday and that the usual mileages estimate for one of these is around 4-5000 miles per year. If a person over approximates their usage, they will end up paying more for their insurance.

A moped or scooter owner should consider what the insurance company does when they need to file a claim. Not only should it be a smooth and simple process, there should be no consequences such as raised rates for making an accident claim. A good point to realize is that compared to auto insurance, moped and scooter insurance will give discounts of around 40 percent for those who don't file a claim for a period of one year or longer. An automobile driver, without a claim for a year or longer, will only receive a discount of approximately 15-25 percent.

Other opportunities to save money when searching for moped or scooter insurance might be an over 50 discount, females, good grades or combining the bike insurance with another mode of transportation or homeowners insurance. It never hurts to ask an insurance company if they have any specials for special drivers.

Larger insurance companies might offer some price cuts for moped and scooter drivers if they have been with their company for a long period of time as a courtesy to their loyalty; however those looking for insurance may find that they will get a better deal with smaller, no named insurance companies who might offer more in the way of protection or payment options.

With the state of the economy, money could be a worry for many; however, paying for insurance on a moped or scooter on a monthly installment type set up is not going to save an individual any money. In fact, paying all at once will save more money because the insurance company will not charge the policy holder interest on one payment like they often do on monthly payments.

If saving money on scooter and moped insurance is what an individual is trying to do, then they need to investigate as many companies as they can and look into things like storing their two wheeled motorized bike in a better place, attaching a 'rider' policy on someone who is older or asking for discounts in order to safely and securely navigate the roadways of the US.

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

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