Motorbike insurance for 50cc to 150cc
Everything you need to know about insurance for your 50cc to 150cc motorbike insurance.
Why Do You Need Insurance for 50cc to 150cc Motorbike?
The attraction of a low cubic centimeters motorbike is obvious because you can ride one without worrying about the need to take a riding test. In addition, they’re relatively inexpensive in tax and fuel. However, you do need motorbike insurance, which is often cheap for these small bikes.
Any licensed owner of a vehicle, including cars, vans, motorbikes, scooters, and mopeds, must have at least a third-party insurance policy in place. This is due to the government’s ongoing insurance compliance regulations, which seek to reduce the number of uninsured drivers on the road. Therefore, it is worth shopping around for the best insurance for your motorbike.
Key Points
- Any licensed owner of a vehicle, including cars, vans, motorbikes, scooters, and mopeds, must have at least a third-party insurance policy in place.
- The cost of insuring your 50cc to 150cc motorbike will be determined by a variety of factors such as motorbike owner age, insurance level, modifications, excess, and mileage.
- There are optional extras you can add to your insurance policy, such as no-claims discounts protection, breakdown cover, personal accident cover, and legal expenses.
What Are the Difference Between Mopeds and Scooters?
Mopeds and scooters are some of the most common motorbikes in Thailand. The terms moped and scooter are frequently used interchangeably, and there are some similarities between the two. For example, both mopeds and scooters typically have step-through frames. However, a moped is only legal if the engine is under 50cc and the top speed is between 25 and 40 mph; thus, you are not authorised to ride moped on highways. Scooters, on the other hand, can reach higher speeds and generally have bigger engine (50cc to 150cc).
What Types of Motorbike Insurance Are Available to 50cc to 150cc Motorbikes?
There are three types of coverage to choose from, as with all motorbike insurance.
- Type 1 motorbike insurance – The highest standard of motorcycle insurance in Thailand is Type 1 motorbike insurance. It covers everything, including coverage for third-party fire and theft, as well as coverage for your bike if you are at fault in an accident. It is also the most expensive.
- Type 2 motorbike insurance – Third parties, as well as damage to or loss of your motorbike due to fire or theft, are all protected by this level of coverage. This is particularly useful for small motorbikes, which are more prone to theft than larger ones.
- Type 3 motorbike insurance – This covers the damage or loss to the property of others or any injury you might cause to other people. Your own motorbike is not insured. Therefore, if you are at fault in an accident, you will be responsible for the cost of fixing or replacing your motorbike.
Park your motorbike somewhere secure when you’re not using it to save on premiums.
What Optional Extras Can You Add to Your 50cc to 150cc Motorbike Insurance?
In addition to the three levels of coverage, insurers provide optional extras that are either included as standard on your policy or are available for an extra fee.
No claims-discount protection
You will lose any or all of your no claims bonus if you are involved in an accident and need to file a claim. And if you file a fault claim, the no claims discount is preserved. The cost of your premium is not guaranteed, so it could go up at the next renewal.
Breakdown cover
Mechanical breakdowns caused by wear and tear, as well as punctures that could leave you stranded, are not protected by your motorbike insurance. It offers support and helps people get back on their feet.
Personal accident cover
This will be able to compensate you for serious injuries or death caused by a motorbike accident. The types of accidents covered will be defined in the policy, and the levels of coverage will vary.
Legal expenses
This includes the costs of legal fees incurred as a result of an accident. However, it is not compensation for a claim. It just pays for the legal fees involved with filing a claim.
Gert insured now no matter how small or big your motorbike is.
How Much Does 50cc to 150cc Motorbike Insurance Cost?
The cost of insuring your 50cc to 150cc motorbike will be determined by a variety of factors, including the following.
- Motorbike owner age – Young or inexperienced riders are seen by insurers as having a greater chance of being involved in a road accident, so they charge higher rates.
- Insurance level – Type 1 motorbike insurance is the most comprehensive option, as it is available for every kind of motorbike insurance. However, it can be very expensive.
- Modifications – If you’ve made modifications to your motorbike, your premiums could rise due to the increased cost of repairs or spare parts.
- Excess – When you file a claim, the excess premium is the amount you add to the expense of the claim until the insurer pays out the remainder. Insurers will compensate you with lower premiums if you volunteer a higher excess fee, which tells them you won’t make minor or wasteful claims because the payment serves as a countermeasure.
- Payments – Your premiums may be paid monthly or annually, and while monthly payments will seem to be a reasonable way to spread out the cost, you will almost always end up paying more for coverage.
- Mileage – Since you are less likely to be involved in a road accident due to the less time you spend on the road, insurers are likely to charge you less for coverage. However, you should be honest when applying for insurance, as lying about issues like your mileage could result in your policy being canceled.
How Can You Save Money On Your 50cc to 150cc Motorbike Insurance?
You can’t change your age or where you live to get more affordable rates of motorbike insurance. However, you can reduce the cost of your 50cc to 150cc motorbike insurance by doing the following things:
- Improve the security of your 50cc to 150cc motorbike – 50cc to 150cc motorbikes are usually small and light, making them easy to steal. You can make your insurance more affordable by improving the security of your bike, such as investing in anchors, locks, and alarms to deter thieves.
- Have accurate mileage – The one thing you shouldn’t do is overestimating your annual mileage. Stating more miles than you actually drive could cost you, so make sure you write down your mileage as accurately as possible.
- Secure storage – Park your motorbike somewhere secure when you’re not riding it. If you make use of your locked garage or shed or park your motorbike into your garden behind a locked gate, your insurance premium might be lower.
- Comapre policies – Make sure to shop around and compare providers to help find the right insurance to fit your needs and budget.