Is Third Party Moped Insurance Always Cheapest?
No, not always. Third party only is the most basic level of motor insurance, but that does not mean it is the lowest quote for every moped rider.
If you are comparing quotes, start with moped insurance and check more than one cover level before choosing.
Prices can vary because providers look at the rider, the moped, the postcode, storage, claims history and the type of cover selected.
What Third Party Moped Insurance Covers
Third party only cover is designed to cover injury or damage caused to other people. It does not cover damage to your own moped if you are at fault.
It also does not usually cover theft of your own moped. That can be important because mopeds and scooters can be theft targets.
Third party, fire and theft adds fire and theft cover for your moped, subject to policy terms. Comprehensive cover can add damage to your own moped, again subject to the policy wording.
Why Basic Cover May Not Be The Lowest Quote
Some riders choose third party only because they expect it to be cheapest. Providers may price risk in a more complicated way.
If higher-risk riders often choose basic cover, some providers may price that cover less favourably. That means comprehensive cover can sometimes be similar or lower for a specific rider.
Susan's note: Do not assume the basic option is the sensible option. Compare the quote, the excess and what happens if your own moped is stolen or damaged.
When Third Party May Still Make Sense
Third party only may still suit some riders, especially if the moped has a low value and the rider mainly wants the legal minimum.
Even then, check the difference between cover levels. A small price gap could change how useful the policy feels.
If you ride a small-capacity bike, the 50cc moped insurance page may help you compare cover around that specific vehicle type.
What To Check Before Choosing
- The total annual price
- The monthly payment total
- The compulsory and voluntary excess
- Whether theft is included
- Whether commuting is included
- Any security or storage conditions
If theft is your main concern, read the CGC guide to whether theft cover is included in moped insurance before choosing a basic policy.
FAQs
Is Third Party Moped Insurance Legal?
It is usually the minimum legal cover level for road use, but other road-use rules still apply.
Does Third Party Moped Insurance Cover Theft?
Usually no. Theft cover is normally linked to third party, fire and theft or comprehensive policies.
Can Comprehensive Moped Insurance Be Cheaper?
It can happen for some riders. Compare quotes rather than assuming one cover level is always cheapest.
Should I Pick The Cheapest Moped Quote?
Not without checking the excess, use type, theft cover and policy conditions.
