Getting Covered Need Not Cost Much For Moped Drivers
With growing families, it is not always possible for all the teens to get a car of their own these days. Those who used to buy gas guzzlers have realized that they become too expensive especially when all the costs are added up. However, for some people, letting their kids become more independent is very important so they are opting to buy them bikes or scooters so that they can get to school and also have some freedom. Moped insurance though is very necessary and can often be added onto the car insurance already in existence. Insurance for mopeds is not really very expensive, but those who are clever can sometimes save a few bucks here and there if they make the right choices.
One thing that people should do is to check with several companies as to what kind of rates and special offers they have. If the parents are with one particular company and they have had a good record so far, then they may well be able to add-on this extra vehicle at a low-cost. However, they should ensure that the driver is educated first since any minor mishap could reflect on the cover for the parents if this is a joint cover.
Most covers for any kind of vehicle will have a no claims bonus attached. That is, if no claims have been made in the preceding year, their policy cost will unduly go down. This can go on for several years until they get around fifty percent off the full amount. People protect this bonus very carefully since it can save hundreds or even thousands of dollars in the long run.
If the driver of the new vehicle is not that experienced, or if the parent thinks that there may some minor mishaps along the way, it is imperative that they get their own cover separate from the parents so that the no claims bonus is protected. It may be better to spend out a bit more at the beginning until the driver has provided themselves, rather than make the mistake of saving some dollars up front and regretting it later on down the line.
Also, the make and model of the new bike may be called into question too if there has been reports of common faults etc. Imported machines from other countries usually have bad reputations and it is this that will put the cost of cover up eventually. It may be best to source a machine from the local area, or one that has been known to be reliably safe before giving the average teen loose on it. Not only will this save money in the long run, it may also save them from having unnecessary accidents too.
Finally, those who have been covered for years without accidents unduputedly get the best rates when it comes to cover. Teach the new driver why this is important since they very often are not aware of this situation. They may not also realize that having no cover is very dangerous too so they should be schooled in this very carefully.
Source : http://ezinearticles.com/?Getting-Covered-Need-Not-Cost-Much-For-Moped-Drivers&id=6074874
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