There are many different reasons why you might choose to buy a moped. You may like the fact that the original purchase price is very low. You may like the fuel efficiency. You may like that you can park it virtually anywhere that you want to. No matter what the reasons for your purchase, you do not want to run the risk that you will end up losing your investment. It is the reason why it is a good idea to get moped insurance. In fact, in many areas it is the law! Without proper insurance on your vehicle you will not be able to operate it on public streets.
What it covers
There are different kinds of moped insurance available. The major coverage for insurance of this nature covers any damage an accident might result in for the other person’s vehicle. Past liability, there are portions of the insurance which covers bodily injury, theft, vandalism and no insurance coverage.
You might think that you only have the choice for full coverage or liability only. In fact, there are hybrid plans available through most major carriers which offer protection in exactly the way that you want it. You can pick and choose between the coverage limits that you want to have on your plan.
You can even choose a plan which will include free towing and roadside assistance if you should ever break down or get into an accident. It is important to remember that the premium will go up as you choose more options for your moped insurance.
Why get insurance?
In some areas, it might not even be legal for you to drive on the streets without the right insurance in place. If you are pulled over you will suffer a ticket at best. In some areas you will have your moped impounded until you can show proper insurance has been put on the vehicle.
The best reason to get moped insurance is so that you will be able to keep enjoying your moped even after a problem has occurred. The right insurance can help to either bring your moped back to life or help you to get a new one right away.