With the advent of rising fuel costs, many people are trying to find a better and more economical way to get around. Some people may use this mode of transport for going to work, while others will just use it for going around the local neighborhood to do their daily chores. Since this new wave began, companies are much more competitive when it comes to moped insurance so there are some great deals to be had. Insurance for mopeds is not too expensive so this may be a good way to save on the family budget.

Naturally, anyone who owns a car will know that they need cover just in case anything untoward happens. Indeed, if they already have this cover, cover for the bike may well only be a minor extra cost. If the driver has a good clean record, and has not made any claims over the last few years, he may also be offered a discount which makes it even better of course. However, shopping around is the key here since most companies make up their premiums in different ways.

One thing that should not be forgotten is that bikes often have added extras which are not taken into account with the main cover. Pannier bags or extra lights will not be considered so it is to this end that some companies provide an accessories cover. Although this comes in handy, do not forget that making just one claim can cost the driver dearly. For the sake of a few dollars, six or seven years of no claims bonus (of fifty per cent or more) can be wiped out in one fell swoop. Consider first what can be lost before putting in that claim.

Also to be added to the start-up costs of a new bike on the road is the license fee. This can double the cost in the end so do consider it before opting for the bike. It does, however, allow for peace of mind since police are far more likely to stop a bike and check it out rather than a car.

Bikes which have been imported should also be checked over too. Some will say that they are road ready, but this relates to their own country and not where it ends up. It would be a very costly mistake to import something and then find that it cannot be used on the roads. They may not be as safe as home produced models either and this may also reflect in the cost of cover.

As with all premiums, there is always a difference from one company to another. Some will have special offers, while others will allow monthly payments instead of pulling out one year of payments all at once. Either way, check to see which offers the policy that fits the individual best before opting to buy any.

One last thing to remember too is that if the bike is being kept under lock and key overnight, the premiums are often less than driveway kept bikes. Making sure that it is not accessible to thieves saves money in the long run.