Researching and buying cheap scooter insurance can be a lengthy process, especially if you have bought your first scooter and are not sure about what steps to take. Purchasing insurance is not the most exciting experience but it is something that is imperative and without it you could risk losing a lot of money or face hefty court fines should something go wrong. The whole point of insurance is so that it covers you for any incidences, accidents, theft, damages and third party damages.
Some people may find that whilst looking for cheap scooter insurance terms like 'fully comprehensive' or 'third party cover' will crop up and if you have no experience in dealing with these then you will need to get to know your insurance terminology. Some may also find the process frustrating, especially when one comes across many different companies offering different deals and discounts. The trouble is which one is the right one? How do you choose the right one?
There is no concrete answer to this question unfortunately. This is something only you can decide for yourself. Some may feel that because there are so many offers out there, it is unlikely that they will find the right one for them and that there are too many to choose from. On the contrary, because there are so many insurance companies, there are more reasons for you to find the right cheap scooter insurance by identifying the one for you.
First timers will however, find that they will be charged more. Unfortunate as this is, the truth of the matter is that you have very little experience on the road and therefore are seen as higher risk. Majority of claims made are from new riders, in comparison to the number of older more experienced riders. Unfair as it may seem, this is the way insurance work and believe me when I say that it does get cheaper.
Often with insurance policies, you will find that the policies will offer you more as time goes by, especially if you have never made a claim. However, for those seeking cheap scooter insurance, you need to consider the services offered with the price quoted. For instance, fully comprehensive insurance covers everything, which includes third party cover, fire theft, accidental damage, loss and malicious damage. This is more expensive, but for those who can afford it may well benefit from this policy. This is recommended for first timers though, so it is worth considering. There are however, full comprehensive insurance that is cheaper and more affordable.
Other terms such as third party only cover, is exactly what it says it is - this will only cover for third party damages or death. This will ensure that you are covered for any third party liability including their property. There are also a third party fire and theft cover, which will only cover for those three. Bear in mind that damages caused by you, or any modifications made on the bike will not be covered.
You will also approach the term excess, which applies to you and not your insurer. Compulsory excess is the amount that your insurer has quoted for you to pay, which can cover for fire or theft. This is usually a requirement and varies according to your own circumstances. Voluntary excess refers to you agreeing with the insurer to pay a larger amount than the amount you would pay for a compulsory excess.
As a first time applicant, you will not necessarily need to worry about things like social and domestic use, business or foreign policy cover. However, it is always a good idea to get to know these terms and understand their importance. Your first priority is to recognise which one applies to you. Having already mentioned that you may have to expect your policy to be slightly more expensive than that of an experienced rider, you will however be pleased to know that you will find some insurers offer deals or discounts.
Cheap scooter insurance will include third party cover, theft and damages. If you have decided that you will be the sole rider and do not need third party cover, remember you are not just covering for someone else riding the bike but also for damage to his or her property or any health expensive.
Your next step is to seek advice from an insurance broker, if you are still feeling unsure. Often they will point you to the right direction to the best place to find an affordable insurance policy. Always enquire about deals and discounts, as they are more than happy to find this for you.
If you choose not to approach a professional, try talking to experienced riders and gain advice on what steps they took to find their first insurance policy. Remember not to go for the first thing you see, unless of course it is a good policy. The chances are you will need to shop around so do this as soon as you buy your first scooter. Never leave this too late.
Anna Stenning is an expert on cheap scooter insurance, having researched for her insurance policy for her scooter in the past.