Scooter insurance is required by law just like a car or motorcycle. You may complain about the extra expenses on coverage but this is really for your own good since it is common to get into traffic accidents and I am sure you will not like the repair bills on your scooter or the other parties' vehicles (if the accident is caused by your fault). Having scooter insurance helps you to avoid paying a lot of money in potential accidents and can help you get your damaged Piaggio Vespa scooter back onto the road again.

While the costs of vehicular repair are pretty much capped, the medical compensation for personal injuries of traffic accident victims can go many times higher. Do not ride without any scooter insurance because you never know when you can be involved in a crash. It may cost you and your family to struggle in financial hardship when the victim sues you in court for medical damages. Besides that, you may also be banned from riding or driving for life.

You will need a minimum of Third Party scooter insurance to ride your bike on the road and it is not a bad idea to consider the following optional policies as well. Third Party scooter insurance plans are the cheapest minimum that covers only for injuries or damages you cause to other people and their property when you are riding. Notice that it does not cover your own damages.

This is also the reason why the minimum coverage required by law is third party insurance. You can choose to pay and repair your own scooter in a traffic accident caused by you or to scrape it if you cannot afford the repair bills. However, you must have the financial means provided by Third Party scooter insurance to pay others for the damages and injuries you have caused.

Fully Comprehensive Scooter Insurance Plan

If you also want your own bike to be covered for repair bills in the event that you cause an accident, you will need a Fully Comprehensive scooter insurance plan. Many confident riders choose not to go with this plan because they believe in their skills and think they will not be the one that is causing any future road accidents. Should their beloved scooters be damaged in accidents, they can claim against the culprit's third party insurance. Whether this is over optimistic or being money smart, I leave it to your own judgment.

Fire And Theft Scooter Insurance Policy

A Fire and Theft scooter insurance policy covers theft and vandalism incidents where your scooter is being set on fire. It also provides the same cover as third party insurance. Surprisingly, this is not cheap as scooters are easily stolen compared to cars and larger vehicles.

Before you buy a scooter insurance policy, you may want to go through the following checklist to see if you can save some money over the monthly premiums.

Riding Experience & Age - Young and inexperienced drivers under the age of 21 years old inevitably have to pay more scooter insurance premiums. Do not worry as we all have to start somewhere. This bias is statistically supported by dominant figures over the years. For example, young riders below 16 year old have higher crash rates compared to older drivers and are three times more likely to die in a motor vehicle crash. A recent report estimated the cost of road crashes involving young 15-17 year old drivers to be around $34 billion.

Rider Gender - Women riders get lower scooter insurance premiums as they are perceived to be more safety conscious and less likely to over speed and cause road accidents compared to male drivers.

Value of Scooter and Engine Size - This is simple to understand as people often buy larger and more expensive scooters in order to speed faster. Besides increased risk of road crashes, the repair bills for such scooters are also higher.

Driving History & Claim Records - These are used to determine your rider risk profile. If you have been riding safely and never been involve din accidents or submitted a claim, you can be rewarded with discounts on your next scooter insurance renewal.

Area Of Residence - You may not believe it, but the motor insurance companies have tabulated road accident statistics and found that certain states simply have higher rates of crashes. This can be attributed to the design of road, traffic conditions, vehicular density and so on. Unfortunately, you cannot have much control over this aspect of your scooter insurance premiums.

You can easily get online scooter insurance quotes so that you can compare the pricing without having to visit the bike shop one by one. Be careful to buy very cheap scooter insurance from small or unknown insurers as you may have problems submitting a claim or their network of preferred repair mechanics may be very limited, causing you a lot of inconveniences. Go with reputable ones like Elephant or Churchill Insurance etc.