My son turns 16 next Friday, and will shortly after be getting his license. I'm sure most parents know what this can do to your auto insurance rates. Enter mopeds.
I'm not sure about all insurance companies, but mine will rate my son on the lowest cost vehicle on our policy. Being rated on one vehicle insures him to drive all the vehicles on the policy. For me that includes a 2004 Suburban, a 1993 Ford Escort, a 1973 Dodge truck, and my mopeds. So because of the 3 mopeds I have covered, my rate will only increase by about
$15 a month.
By comparison, when I was still a teenager, I had to buy my own policy. Only one 1978 Chevy truck. Minimum coverage. $150 a month.
Mopeds- sticking it to insurance compaies.