As of 2015, companies offering moped insurance include Progressive, Nationwide and Dairyland Cycle, according to the companies. All three companies offer online rate quotes. Light in weight, mopeds are bikes motorized with low-powered gas engines that allow drivers to drive or pedal the vehicles, explains Progressive. Progressive offers customized insurance with features including accessory coverage, collision and comprehensive coverage, and agreed value and actual cash value options for settling claims.
Nationwide's moped insurance coverage offerings include liability, which covers a driver who injures a person or damages property in a collision, explains the company. Other Nationwide policy options include collision and comprehensive, uninsured or underinsured motorist, and medical payments coverage. Medical payments coverage pays medical expenses for a driver and passengers no matter who caused the collision. Emergency roadside assistance, towing and labor, and original equipment manufacturer endorsement coverage is available. The original equipment endorsement coverage guarantees that repairs to the damaged vehicle do not include salvage or aftermarket parts.
Dairyland Cycle, a member of the Wisconsin-based Sentry Insurance Group, has insured motorcycles and mopeds since 1966, explains Dairyland. The company offers casualty and property coverage for a wide variety of domestic and foreign-made bikes. Dairyland Cycle covers all types of drivers and offers insurance discounts to its policyholders.