Several factors intervene in the final cost of moped insurance for each cyclist. The good news is that rates are often lower than what car or motorcycle drivers pay for similar coverage.
That’s because mopeds come equipped with a 50cc or smaller engine, making them significantly less dangerous to drive. that means you’re less likely to injure yourself or cause damage while operating it.
A person’s age, driving history, and other custom factors are included in the calculation an insurance company provides for moped coverage.
Mopeds are also easier to steal, another factor that determines the insurance premium you’ll pay for coverage.
how much does moped insurance cost?
Generally speaking, the cost of moped insurance ranges from $75 to $250 per year for basic protection, depending on several factors. because mopeds’ classification means their engines are under 50cc, they are significantly less dangerous than motorcycles simply because they can’t go as fast. therefore, based on the statistics insurance companies use to determine their rates, mopeds cause much less damage and are much safer to ride than motorcycles.
By combining motorcycle insurance with auto or home policies, you can save 10% to 25% on your policy. the discount depends on what your insurance company offers and the number of items included.
With some insurance providers, you may also receive a discount when you take a scooter or moped safety course in your area.
If you pay the cost of your insurance all at once instead of monthly, some companies offer a discount of 10% or more. it’s a good idea to get at least three written quotes to find the best rates for your driving needs.
how much is insurance for a 50cc moped?
Because a 50cc moped is a small, lightweight vehicle, the cost of an insurance policy is relatively small compared to other options.
Each insurance company insures mopeds based on state standards and internal definitions. some may treat a 50cc moped and a large motorcycle the same to get a quote.
If you want the best deal, look for an insurance company that works with the most common types of scooters from vespa, honda, yamaha and suzuki.
General liability insurance is required if the engine is 50cc or larger. some states do not require moped coverage if the engine is less than 50cc or cannot meet a speed specification.
These rules and regulations may change, so it’s helpful to check with your state to determine current mandates before you travel.
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The cost of insurance for a 50cc moped typically starts at less than $100 per year.
Is the cost of scooter insurance different from other motorcycles?
Vespa insurance costs differ slightly from other mopeds because the company produces several models.
in 2019, vespa launched a series of small scooters to attract more people to the brand. its 50cc model lineup is limited to speeds of 30 mph, meaning residents of 16 states can drive them on the road with a standard driver’s license instead of needing a motorcycle endorsement.
do not confuse scooter, moped and motorcycle; learn more here.
Those states are Alaska, Arkansas, Colorado, Connecticut, Indiana, Iowa, Massachusetts, New Hampshire, New Mexico, New York, North Carolina, Oregon, Rhode Island, South Dakota, Virginia, and Wisconsin.
Since these laws are subject to change, please review your current statutes before embarking on the journey.
Insurance costs for a 50cc model are typically less than $100.
do you need insurance for a scooter?
vespa manufactures several different models, so you will need to consider the size of the engine when purchasing.
some scooters have a 49cc engine so insurance may not be required in some jurisdictions. The GTS 300 is the most powerful and fastest Vespa in its lineup, offering a 300cc, four-stroke, four-valve, liquid-cooled engine that normally classifies it as a motorcycle.
You’ll find several options in between those two extremes that qualify as scooters rather than mopeds.
Only two states do not require drivers to carry a motorcycle insurance policy: virginia and new hampshire. arizona now requires mopeds, motorcycles, and golf carts to have a policy.
If you choose to travel without coverage, you are financially responsible for any damage or injury that is your fault in an accident.
You may be required to prove financial responsibility before a state authorizes your Vespa if you do not have insurance and have a model equipped with an engine larger than 50cc.
Why does it cost more to insure a moped if I’m under 25?
Insurance costs are higher for all drivers if they are under 25 years old. This is because younger drivers and passengers are statistically more likely to be involved in an accident.
This fact makes the individual more risky to insure.
Younger moped drivers have an unproven track record. If you’ve been driving for a few years before getting insurance on a scooter or other make and model, you may receive a slightly lower quote than someone who just got a driver’s license.
Young people are more likely to focus on something other than driving when on the road. that fact also increases individual costs.
The physical nature of young people makes them statistically more likely to make unwise decisions. this behavior declines further as the brain matures, but the lower premiums are typically not available until after age 25.
That’s why a moped makes sense for youngsters. insurance costs are lower, there are fewer barriers to entry, and the cost of buying a new one is minimal.
what are the pros and cons of moped insurance?
Moped insurance is relatively inexpensive compared to motorcycle or car insurance. Even if you’re not required to have a policy, reviewing the pros and cons of having one is still a good idea to ensure your interests are protected if the unexpected happens.
Instead of paying $250 a month for coverage, you could pay that same amount for an annual policy when you request a moped insurance quote. if you break that cost into 12 equal payments, it could be as little as $20 a month.
That means moped insurance is affordable for most drivers, including those under 25.
factors to determine the cost of moped insurance:
There are many factors when determining the cost of affordable moped insurance. you’ll need to consider them all when getting moped insurance quotes.
- type of insurance
- additional coverage
- handling log
- manhattan, new york: $90 to $140 per year
- des moines, iowa: $22 to $75 per year
All risk and collision will pretty much cover your moped in most circumstances, but it is also the most expensive insurance. Liability alone is much less expensive but it does not cover your moped in case it is damaged. Additional coverage typically includes labor and towing, roadside assistance, and kit coverage, which adds to the cost of insurance, though it’s usually small.
Your age and driving record have a big impact on the rates you pay. drivers under the age of 25 with some accidents on their driving record will pay substantially more than drivers over the age of 30 with a clean driving record. Finally, where you live can play a big role in how much premium you have to pay each year. Let’s look at the average cost of moped insurance for two different locations.
In California, moped drivers report minimum policy costs of over $100, including mopeds with substantially larger engines. In the end, where you live will significantly determine your moped insurance rates, as the figures are based on statistics including the number of accidents and thefts in these areas.