Why are scooters so cheap to insure?
The price of insurance reflects the cost to insurers of settling any claims that are made. Because claims involving scooters are less frequent or for smaller sums than those involving cars (or standard motorcycles), premiums are lower. The value of the average scooter is lower than the average car or motorbike, so the cost of replacing them if they are stolen or written off is less – as is the cost of repairs. Plus scooters are less powerful, and can’t go as fast as other vehicles, so any accidents they happen to be involved in, are seen as potentially less serious. On the other hand, scooters can be easier to steal, which puts some upward pressure on premiums. But you can keep costs under control by using security devices, or keeping your bike in a garage or on your property overnight. The type of cover you go for can also affect the policy cost: for example if you’ve bought a second-hand scooter for cheap, you may consider just third-party motorbike cover (rather than more expensive
