Your guide to scooter insurance
Maryalene LaPonsie – Last updated: June 24, 2010
Although gas prices have come down from their record highs, the cost of fuel can take a major bite out of your budget. To keep costs in check, an increasing number of people are turning to gas-sipping scooters to get around town.
Whether you prefer old-school mopeds, a fashionable Vespa or the latest three-wheel Piaggio, there is a scooter to match your style. Just be sure to protect your new asset with a motorcycle insurance policy created especially for a scooter.
Motorcycle insurance for scooters
As a general rule, any auto insurance company that offers motorcycle insurance will also cover scooters. Scooter policies are essentially the same as motorcycle insurance policies, since both carry similar risks.
According to Kevin Henry, senior product manager with Foremost Insurance Group, a good scooter policy should include the following coverage:
- Physical damage
- Uninsured and underinsured driver protection
Henry advises that the liability coverage for your scooter match the amount of coverage you carry on your auto insurance policy. Don’t make the mistake of thinking that you can purchase less coverage simply because your scooter is worth less than a car: Liability coverage protects your assets against the damage your scooter does to others, and you will want the same level of protection regardless of what you are driving.
Many scooter insurance plans also cover safety gear. This may include helmets, gloves, goggles and other safety apparel. While insurers may vary on the policy details, Henry notes that replacement costs for safety gear are not subject to deductibles in motorcycle insurance plans offered by Foremost. “We want to try to encourage safety gear, especially helmets,” he explains.
Compare auto insurance with your other policies
It can be tempting to cut corners when it comes to your car insurance rates. Rather than purchasing a separate motorcycle insurance policy, some scooter owners may decide to purchase a rider on their car insurance or even depend on their homeowners insurance for liability coverage.
This could be a big mistake, says Henry. Homeowner policies rarely offer liability coverage for scooters, and those that do will not offer medical insurance or uninsured and underinsured protection. Henry says that scooter owners are better served with a separate scooter policy.
Compare auto insurance riders with a stand-along scooter policy and you may find that the coverage is vastly different. A cheap auto insurance rider may not provide any physical damage (collision) coverage should your scooter be in an accident. In addition, its low liability limits may open you up to potential financial loss if you re sued over an accident.
Overall, scooter insurance is among the cheapest auto insurance products available. To reduce your cost even further, look for policies that offer discounts for:
- Multiline coverage (i.e. insuring your home, car and scooter with one company)
- Being part of an affinity group
- Taking safety courses
- Anti-theft measures
- Use of safety gear such as helmets
In addition, look for an auto insurance company that offers perks such as accident forgiveness and customer-loyalty incentives.
Overall, scooter insurance is inexpensive and well worth the investment. With the money you re saving on gas, you can afford a plan that will protect both your peace of mind and your pocketbook.