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What Everybody Ought to Know About Scooter Insurance

By Edited Jan 13, 2016 1 0

Scooters Are Emerging As a Popular Transportation Alternative

You’ve got a brand new scooter just ready to hit the road but there is one thing left to do before strapping on your helmet and speeding away.  Scooter insurance, usually required by law, is an investment that will protect you, your bike, and other drivers. 

You might think it’s excessive, but scooter insurance is generally quite reasonably priced.  When you think about the cost of replacing a stolen scooter or the cost of recuperating from an accident should such a misfortune happen, insurance is at least worth a little research. 

Scooter 50cc Street Legal
Your first question is probably, “how much does scooter insurance cost?”  When you are researching scooter insurance prices, the best way to get an accurate idea of how much you will pay is to get an insurance quote. 

The cost to you is extremely variable and depends on scooter size, your age, riding experience, location, and what you are using the scooter for.  For example, if you are riding the scooter for work purposes, not just for your commute to and from work, you might need to get a different type of insurance. 

A young driver in a suburb with an excellent driving record will have a different scooter insurance rate than an urban middle aged driver with points on their license.   Every company has their own formula but for a very rough idea, scooter insurance can vary as much as $50 a year to $100 a year.  Again, check with your preferred agent, but the cost of 150cc scooter insurance tends to veer towards the $100 end. 

Renegade TPGS-805 GREEN Gas 49cc Moped Scooter with Rear Mounted Storage Trunk
If you choose to add on to the basic coverage, a good idea for many riders, the cost can be even higher.  There isn’t really such a thing as “average scooter insurance” when it comes to cost, only when it comes to what you can expect from basic coverage.  You need to speak with an insurance agent to find out what you would have to pay.  You can often lower your rate by taking motorcycle safety classes, keeping your scooter in a garage, or securing it in certain approved ways.

The most basic insurance should cover the cost of damage to your scooter or yourself.  Read the fine print carefully for exceptions and for requirements for actually receiving money in the case that something should happen.  Some insurance providers offer cost effective bundles that will offer you greater protection for an incremental cost.  The basic insurance is a liability coverage.  This means that should you hurt someone else or damage their property, you will not have to pay completely out of pocket to remunerate them. Basic coverage usually does not include scooter theft, if this is something that you want you will usually have to pay an additional fee. 

Razor Pocket Mod Miniature Euro Electric Scooter
One reason that many people choose to insure even the low cost scooters against theft is that scooters are very easy to steal.  Unfortunately, their light weight that makes them more comfortable for the average person to ride than a motorcycle, also makes it easier for the average thief.  If you are investing in a scooter to save money, then it’s also worth potentially saving money should your scooter need to be replaced.  Scooter insurance from State Farm  can include coverage that protects you even if your motorcycle is stolen or vandalized while in storage.  This is just one example of one company with one aspect of coverage for instances you might not think of, that you hope never happen, but that you may want to insure against.  As an added benefit, you’ll get some peace of mind that if your other security methods don’t protect your scooter, your insurance will protect you. 

Moped MC_X1501
If you plan on allowing others to use your scooter, even just rarely and for short distances, think very carefully about purchasing insurance that covers other riders.  If somebody else causes damage to others or their property on your bike, you are responsible for it.  This is another instance where protecting yourself is absolutely vital, because as close as you might be to the other rider you can never predict how a scenario like that will play out.  Make life easier for yourself and your friends and family and gain peace of mind with insurance that covers other riders. 

We never want to imagine the physical and emotional damage that can happen in an accident, but doing so is necessary when making insurance decisions.  Scooters are no less vulnerable to the dangers of the road than any other vehicle.  No matter how safely you drive or how experienced you are, circumstances that are out of your control can always occur.  Think about this when weighing the cost and the benefit of adding on insurance that covers bodily harm or even legal costs. 

49cc Chinies Scooter ATM-50
You may be wary of adding on more costs to a product that was supposed to save you money.  After all, more and more people are buying and riding scooters not just because they are fun, sleek, easy and nimble.  Many people are joining the scooter craze because they are more cost effective with the high price of fuel today.  Because of this, it may seem counterintuitive to pile on additional coverage and add to your monthly expenses because of a purchase that you made to save money.  In some cases this is true.  If you have just bought a scooter for fun, to keep in your own garage, and you don’t plan to ride it to work and leave it outside your office, for example, then a certain level of protection against theft may not be necessary.  Shop around at different insurance agencies online and see what protection and bundles they may offer.  An especially good way to save money is to speak with your current car insurance and see if they can create a package deal with the insurance you are already buying.  With an honest assessment of your needs, resources, and risks, you will be prepared to purchase scooter insurance that best suits you. 

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