If you are ready to get up and go on your new moped or scooter, there is one thing that you need to double check before you take your first ride – whether you need insurance. The laws are constantly changing around vehicle insurance policies, and whereas moped and scooter drivers could typically go without having an insurance policy in the past, today that has changed. But do you need a full motorcycle insurance policy, or is there something else out there that will suffice for your less-speedy mode of transportation? Here are a few tips:
- Motor Size Matters – Over the years, there have been several advancements in moped, scooter and motorcycle building. The general rule today is that if your motorbike engine is 50 cubic centimeters or larger and/or you can go 30 miles per hour or faster, you need to add a motorcycle insurance policy to your vehicle.
- Comprehensive vs. Liability – Many states require a minimum of liability insurance for mopeds, scooters and motorcycles. Depending on the age of your bike and your intended usage, having a more comprehensive motorcycle insurance policy may be a good choice.
- Making Payments – If you are leasing or financing your moped or scooter, you’ll most likely need to have a motorcycle insurance policy to cover your vehicle. This is important to the financing company and helps to protect yourself if anything unexpected were to occur.
At First Security Insurance, we know that having a moped, scooter or a motorcycle can be a great way to get out on the road. However, we recommend sitting down with one of our experienced team members to discuss what type of motorcycle insurance policy will work best for your needs. If you have been a moped or scooter owner for some time without carrying insurance, it is important for you to know that the State of North Carolina now requires insurance coverage. Contact us today to get started.