Cheaper Insurance

An insurance company will profile any risk based on it’s previous experience. Factors like those listed below are those taken into account when pricing that risk, also known as calculating the premium and terms. Excuse me of this seems like basic stuff! Bear with me as it’s all leading somewhere in understanding how the insurance business works and how by understanding it you can get the best type of cover at the best price for your Lambretta. Don’t think ‘cheapest’ think best value for money! Think of it this way - If you’re choosing an accessory to customise your scooter and give it those special finishing touches you don’t go for the cheapest. The same should apply for your bike insurance.
Your occupation. This has a surprising influence on the price you pay for your insurance. Those clever guys the Actuaries will have all sorts of statistical data to prove that a tax inspector is a more careful driver than a circus performer!
Your address. Bikes are more likely to be stolen from an inner city area than a nice sleepy village. But bear in mind - do you live in a village but commute on your scooter into the city? And does the insurer know that!?
Your mileage. Is your pride and joy garaged all week in an air conditioned environment or are you hammering it into town every day as your workhorse?
Your age. A major factor! Argue as you might as a 19 year old the sad fact is that claims from young riders and drivers are far more frequent than those with some good old fashioned ‘road sense’ developed over the years.
The type and value of your scooter. Again, may be an obvious one but it’s a key factor and once which should influence the broker and insurer you choose. I’ll come onto those key decisions next…
So where do you begin in your search for the best insurance cover for your beloved moped? The quote comparison engines are a good starting point as this will give you a flavour of what’s available and an idea of premiums. You will also be amazed at the variations in premiums you’ll see!
I say starting point as the specialist nature of your vehicle means it needs specialist consideration for insurance. If you were looking at a bog standard Ford Focus the motor quote comparison engines are fine but for your unique Lambretta you need something - excuse the pun - more bespoke.
If you have custom paintwork or handlebars, extended forks or any other personal additions to your beautiful machine you need to ensure the insurance company understands this and covers you for them. This is where speaking to a broker, and one with specialist knowledge of insuring bikes, scooters and mopeds comes into it’s own.
A little time ringing round will really be worthwhile. Should the worst happen and your Lambretta be stolen or damaged, you want any repairs or replacement to be to the same high standard.