Does anyone have a moped and pay insurance for it?

Question

I would like to get a moped when I get my driver's liscence in a few months or so. Does anyone own a moped and pay insurance for it? I've heard it's much higher than car insurance. And also, would the insurance rate be higher for a new driver, rather than one who has had a liscence for a few years?

Answer 1

how fast does your moped go? in new york state, if it goes slower than 20 mph, insurance is not required.

Answer 2

I'm no expert on this, but I would suggest you have a look here,there is expert's ideas you mayfind.http://carinsurance.expertsupport.info/a...

Answer 3

Moped insurance is the same as motorcycle insurance (as in you get a motorcycle insurance policy).  The premium you pay is based on the year, make, model, and cc's of the moped as well as your age, where you live, and driving record.  Moped insurance is usually considerably CHEAPER then auto insurance.  The policies I've sold usually run from $75/year to $200/year for a 49cc moped with full coverage and a middle-age driver.