Scooter Insurance in the Parents' Name

Scooter Insurance in the Parents' Name: Is It a Good Idea or Not?

At first glance, getting scooter insurance in your parents' name seems like a smart move. After all, the premium is often much lower than if you were to get insurance on your own. In practice, however, this can turn out to be quite a disappointment.

In principle, the vehicle’s registered owner must take out the insurance. If the scooter’s license plate is registered in your parents’ name, they can indeed take out scooter insurance. Until you turn 18, your parents are allowed to take out scooter insurance in their name.

The insurance policy specifies who the primary driver of the scooter is. The primary driver is the person who drives the scooter the most. Are you the one who drives the scooter the most? If so, it’s important that your parents list you as a regular driver with the insurance company. The insurance company will then take the age of the youngest driver into account when calculating the premium.

If you are the primary driver of the scooter but the insurance is in your parents' name, the insurer may consider this a misrepresentation. This could mean that no benefits will be paid in the event of a claim, or that the insurance policy may even be terminated.

Insuring a Scooter and Accident-Free Years

When you insure your scooter in your own name, you automatically build up claim-free years. That means: the longer you ride without making a claim, the bigger the discount you’ll get on your premium. It’s a smart choice, because the claim-free years you build up now will save you a lot of money in the future. In many cases, you can carry over your claim-free years to a car or motorcycle insurance policy.

So you’ll only build up claim-free years if the scooter insurance is in your name. If you insure the scooter under your parents’ name, they’ll be the ones building up the claim-free years. That means you won’t benefit from that discount, and you’ll have to start from scratch later on. By insuring it yourself now, you’re investing in a lower premium in the future and showing that you’re a responsible scooter rider.

Type of Scooter Insurance

When you purchase scooter insurance, you can choose from three different coverage options:

• Third-Party Liability Coverage
• Liability + Theft and Fire
• Liability + Theft, Fire, and Collision

What kind of scooter insurance you need depends on the scooter’s age, its value, and your financial situation. The most comprehensive scooter insurance is comparable to third-party, physical damage, and liability coverage, as is common with auto insurance.

The Best Coverage for Your Scooter

Coverage varies widely, but so do premiums. For Third-Party Liability + Theft, Fire, and Collision coverage, you’ll pay more than for basic third-party liability insurance. Of course, the coverage provided by the different types of insurance also varies significantly. Third-party liability scooter insurance only pays out if you cause damage to someone else. This coverage does not pay for damage to your own moped. In the event of theft or damage resulting from an accident, you’ll have to cover the costs yourself.

The amount of the daily allowance can play an important role in your choice of coverage, as can the premium amount. In any case, you’re required to have at least third-party liability insurance, but you can, of course, also opt for more comprehensive coverage.

Compare Scooter Insurance

Want to insure a moped in your own name? You can find the best scooter insurance for your moped or light moped by comparing different providers. That way, you’ll know you’re never paying too much for insurance.