It is undeniable that the electric motorbike and moped scene is becoming more and more of a growing market. There are a few obvious reasons why people are choosing to switch to electric, such as wanting to be more eco-friendly and the government's plans to ban the sales of new petrol bikes as soon as 2035.
In this article, we are going to be covering everything electric motorcycle and insurance, so let’s get into it, shall we?
If you are interested in electric motorcycles or mopeds, we have some great top 10s for you to take a look at:
- Top 10 Electric Mopeds for 2023
- 10 Great Electric Motorcycles for Beginners
- Top 10 Best Electric Motorcycles
- 8 of the Best Electric Scooters for Delivery Work!
Are electric motorbikes and mopeds road legal?
To cut a long explanation short, the answer is yes. However, the licensing categories and restrictions can be rather confusing.
There are two different categories that electric motorbikes and mopeds fall into:
|Electric scooters and mopeds (L1e-B)||Limited to 28mph||Riders must be 16+,
hold a provisional licence and passed your CBT
|Electric Motorcycles and scooters (L3e-A1)||Can exceed speeds of 28 mph||At a minimum: Must be 17+ and passed CBT (licencing varies)*|
*For more on the different licensing requirements for each Electric Motorcycle and Scooter (L3e-A1) category, please refer to our complete guide to electric motorbikes, scooters, and mopeds!
Insurance options for an electric motorcycle or moped
The coverage options for electric bikes and mopeds may vary between insurers, however, generally you usually should be able to choose between:
- Comprehensive Cover
Fully comprehensive cover is the most extensive coverage you can possibly get for you and your motorcycle. This option covers you for any damage on your motorbike (fault or non-fault), as well as fire and theft damage.
- Third Party, Fire, and Theft (TPFT)
Third Party, Fire & Theft provides cover for any damages you may cause to someone else's property or person, excluding yourself from legal liability in respect of paying the damages. Further, it enables for you to claim from your own policy should your vehicle be subject to damage as a result of fire, or if it were to be stolen - whether it is recovered or not.
- Third-Party Only
Third-party is the most basic level of coverage you can get, only covering damage and injuries caused to others in an accident. Since this is the most basic cover, you will also not be covered for any fire or theft damage and will have to pay for these yourself.
Why can electric motorcycle insurance sometimes more expensive with other insurers?
The rule of thumb tends to be the higher risk you are deemed to your insurer, the more expensive your insurance premium will be. There are quite a few reasons why electric bikes can be more expensive than their petrol-fuelled counterparts such as:
● Considered a higher risk
There are a few aspects that could deem electric models higher risk, from them being silent, to their value, their batteries, technology etc.
● There are not many insurers out there who offer electric motorbike insurance
You may or may not be surprised by this one, but in reality, at the time of writing this, there are not too many insurers out there who offer electric motorbike or moped insurance due to the risks that are associated with them.
This being said, there are a few insurers out there who do in fact insure electric motorcycles and mopeds such as Lexham, so it is definitely worth checking them out if you need electric coverage!
● The value of the motorcycle battery
Another reason why electric bikes can be expensive to insure is thanks to the battery. If your motorbike battery was to get damaged in a crash, it would more than likely mean that your bike will be considered too expensive to repair - this is why a lot of insurers only tend to offer third-party cover only.
● Electric bikes have limited ranges
Again, to compare electric motorbikes to their petrol counterparts, electric bikes tend to have smaller ranges on a full charge. This means that typically electric motorbikes and mopeds will be ridden in urban areas and cities which are far busier and likely have a higher risk of theft in comparison to your average quaint countryside village.
How to bring the cost of electric motorbike or moped insurance down
Whilst we all like the sound of cheap insurance, this doesn't mean this is necessarily the best option for you and your motorbike. The most important thing to consider when purchasing insurance is making sure it covers you and your motorcycle in the best way possible to fit your personal needs.
However, this being said, this doesn't mean you can’t save yourself a bit of cash when purchasing insurance by:
● Storing your motorbike or moped in the garage (if possible)
Making sure that your electric motorbike or moped is out of the way can help to reduce your premium substantially. The harder you make it to steal your motorbike, the more it can help to reduce your motorcycle premium.
● Motorbike usage
If you use your electric motorbike or moped for commuting, this means you are more likely to be riding in busy traffic in comparison to those who just choose to ride socially. It is worth sitting and thinking about what you are actually going to be using your electric bike for before you submit your insurance cover - eg. do you own another vehicle, or perhaps you work much further away than your electric bike range permits you to ride on a full charge.
This is another factor that you will have to be completely transparent about with your insurer.
● Upping your security
You can also help to reduce your insurance premium by improving the security of your bike. You can do this by simply installing an alarm or tracker on your motorcycle if it doesn't already have one.
● Building your no-claims history
The more years you build up without any claims, the more of a no-claims discount you can get off your next insurance. Typically, if you are wanting insurance on your electric motorbike, you will need to build this no-claims history on a motorcycle instead of in a car - this may vary between insurers so it is always important to check!
● Choose a smaller-capacity motorbike
Deciding to opt for an electric motorbike or moped that has smaller, less powerful engines can potentially help to bring your insurance cost down.
Get ready to start riding!
So there you have it! I hope you enjoyed our guide to everything relating to electric motorbikes and insurance…
Before you go, we would like to remind you that we here at Lexham offer electric motorcycle and moped insurance. So, if you’re looking for electric insurance, make sure to get an electric motorcycle and moped insurance quote direct with Lexham!
If you liked what you saw in this article, why not head over to some more electric-related articles such as: