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How much is 50cc moped insurance?
If you ride a moped then you're in luck as they are, in general, cheaper to insure than full-size motorbikes.
Mopeds with small engines are mostly cheaper to buy than bikes with bigger engines. This means they're less expensive to replace and as a consequence, cheaper to insure.
And bigger, more powerful bikes are more likely to be involved in accidents than mopeds are, another reason why they're more expensive to insure.
How is 50cc moped insurance calculated?
Because there are so many varying factors when it comes to calculating 50cc insurance, there really is no way of estimating how much it will be without getting a quote.
Some of the factors that are taken into consideration are:
- Make and model
- Your age and riding experience
- Where you live and where your moped is kept
- What you use your moped for
- No Claims Bonus
- Previous claims and convictions
- Your excess
- Mileage
- Level of cover
So as you can see, there are a lot of possible reasons why the cost of your moped insurance could vary.
If you really simplify it down, your insurance premium is calculated based on two main factors -- how likely you are to make a claim, and the likely cost of that claim.
Because 50cc mopeds aren't normally that expensive, the likely cost of the claim is quite small which can help bring down the cost of your insurance.
You may still end up paying more than you'd like but the likelihood is that it's still cheaper than if you had a bigger bike!
How to get cheap 50cc moped insurance
It's worth remembering that as you can ride a moped at 16, it's more common for younger riders to own one.
And as young riders have less experience on the road, they tend to have higher insurance premiums than older riders.
Unfortunately, you can't change your age but it's worth considering the things you can change, like your voluntary excess and security devices.
It won't come as a shock that we're recommending it but shopping around and using price comparison sites really is one of the easiest ways to try and save money.
