Mopeds are in an interesting position when it comes to insurance today. Insurance plans specifically made for mopeds are extremely uncommon today. It’s far more likely that your insurance carrier of choice would group them in with motorcycles. This is a practice that is kind of strange, given that mopeds are decidedly not motorcycles, and the cover required for one would not be the same as one. In New Jersey, there is a separate driver’s manual for mopeds and it actually goes out of its way to state that “Mopeds are not motorcycles”, emphasized in big bold black lettering.
It then goes on to list the differences between the two, such as mopeds being generally lighter than motorcycles and the fact that they lack certain features that motorcycles generally have, such as turn signals and rear-view mirrors. Mopeds are not even required to have an annual inspection while motorcycles are. There are even separate licenses for mopeds, in addition to the basic driving and motorcycle licenses that you can obtain.
It is strange that driving regulations commonly differentiate between mopeds in motorcycles, there are separate licenses for the two vehicles, however in terms of insurance, they’re just grouped in with motorcycles without a thought as to the differences between the two (Source: https://www.onesureinsurance.co.uk/scooter-insurance)
Offering two different insurance policies for both mopeds and motorcycles would also offer financial benefits for the companies as well, as people that own both vehicles would have to buy two plans instead of just one.
Right now buying insurance for a moped isn’t difficult, however you have to begin the search as if you were buying a motorcycle. Once you start you have to pick a certain size or make, instead of simply choosing the manufacturer as you would with motorcycles. However sometimes it’s a pain to even get specific classifications for mopeds; oftentimes you have to pick the “other” option for manufacturer, type in your information by hand, or in extreme cases, call the insurance company for assistance. This headache could be avoided if insurance companies had separate plans for mopeds.
The state of New York is a good example of how complicated having a moped or other motor vehicle can be. For mopeds alone, there are three different classifications to categorize them based on speed. Each of these classes of moped have different regulations, such as class C moped riders not being required to wear a helmet or Class A mopeds being the only ones able to ride on any traffic lane.
Insurance rates for mopeds are generally cheaper than motorcycles, however this is the only difference between insuring a moped and insuring a motorcycle in most cases. Everyone else treats mopeds and motorcycles differently, it’s time for insurance companies to as well.