The motor scooter insurance industry has been seeing a significant increase in the number of new scooters being registered on a worldwide basis. In European nations such as Italy, German, and the UK, where fuel prices are significantly higher compared to the United States, scooters are extremely popular due to their compact size and fuel efficiency. There has been a significant increase in sales of motor scooters in the US, due to continually rising gasoline prices.
Kymco, Piaggio, Yamaha, Honda,Vespa and Aprillia are the major companies that make motor scooters and regular motorcycles. Before you purchase your scooter, make sure that you check with your state DMV regarding scooter registration. Certain models may not be registered or insured in certain states due to emissions laws. Custom scooter may also have issues in areas of the country because of different regulations regarding titling, insurance, and registration.
Motor scooters are popular because of their size, portability, and high fuel economy. Other exciting developments in the scooter industry include electric models, which complete eliminate the reliance for fossil fuels. Scooters are also popular because they cost less to purchase and insurance, compared to automobiles. Insurance for motor scooters is extremely reasonable due to the fact that the replacement costs for these machines are significantly lower compared to other types of motorized vehicles.
The cost for scooter insurance will depend on various factors:
• Scooter motor size (a 50cc scooter will cost less to insure, compared to a 250cc maxiscoot)
• Garage address (certain geographic areas statistically have higher theft rates)
• Driving history (speeding tickets, DUI’s or other motor vehicle infractions can increase your scooter insurance premiums)
• Age and gender (female riders generally are not as expensive to insure)
In the past, most scooters used smaller displacement motors, and could not travel faster than 35 mph. In addition to the small traditional scooters such as the Vespa, companies have started making larger CC models to meet consumer demand for more comfortable and powerful scooters. Maxi scooters have higher speed limits, greater stability, and smoother suspension units.
Because of the high power to weight ratio, scooters can achieve ultra high MPG figures. Even the larger maxi scooter such as the Gilera GP 800 will offer considerably better fuel consumption rates compared to even the most efficient automobiles such as the Toyota Prius Hybrid.
If you wish to keep your premiums lower, you can reduce your premiums by attending point reduction courses. Paying your entire premium for your scooter insurance in a single installment can also help you save money, compared to paying for your insurance on a monthly basis.
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