Moped insuranceMotor liability insurance and comprehensive motor vehicle insurance for mopeds
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Moped insurance to meet your needs
You can supplement your moped’s motor liability insurance with Maxi Motor Insurance or Medium Motor Insurance.
Seasonal moped insurance premium
Seasonally rated moped insurance is valid throughout the year, but the insurance cost is automatically lower in winter than summer.
As an owner-customer, you will get a discount on your policies and also receive OP bonuses.
Moped insurance covers both the rider and the moped
A moped gives both younger and older drivers a chance to get around independently. Motor liability insurance is mandatory for mopeds, covering any personal injuries to the driver and any passengers and losses to the innocent adverse party.
A moped’s motor liability insurance does not cover your own moped’s losses, but you can prepare against them with comprehensive motor vehicle insurance. Maxi Motor Insurance also covers any collisions, which Medium Motor Insurance does not.
Moped insurance covers, for example, if
- your moped is stolen
- your moped is vandalised
- you have an accident in which your moped is damaged.
Take out moped insurance under the name of the adolescent using it
Often a moped is the first motor vehicle used independently by adolescents in traffic. To ride a moped, you have to know the traffic rules, have a driving licence in addition to being careful and at least 15 years of age.
A moped or scooter insurance must be taken out under the name of the vehicle’s primary user. If the user is 15-17 years old, the insurance is granted with the parent’s consent. To do this, please contact our customer service.
If you have temporarily decommissioned your moped from traffic use, remember to recommission it before you leave for a ride again.
Seasonally rated moped insurance saves time and money
Wondering about the price of moped insurance? Moped insurance is seasonally rated, so you don’t have to worry about interrupting your cover because of the cost in winter. This means that while your moped insurance is valid all year round, the lower winter premium takes into account the fact that you drive your moped less or not at all in winter weather.
Thanks to the seasonally rated insurance, you or the minor policyholder does not have to decommission the moped for the winter months even if it was not used then. And once spring arrives, you can start using the moped as soon as the weather permits it, because the insurance is always valid. If the moped will not be used for a whole summer, for example, you can still decommission it and get a refund on the premiums.
Accidents can be prevented by being careful and by following safety regulations.
A moped must always be stored locked or in a locked space. A moped is properly locked when the keys are out of the ignition and the steering lock or the immobiliser is activated. In the absence of such devices, the moped must be locked with a brake, chain or cable lock to prevent unauthorised use.
It is also good to remember that mopeds may not be tuned, as riding a tuned in traffic moped is illegal.
If you are our owner-customer and have policies from three product lines, you are entitled to an almost 10% discount on most policies and a discount of nearly 18% on comprehensive motor vehicle insurance with no-claims bonus. If you are aged between 18 and 27, you can get a 21% discount on almost all home and family insurance policies.
- A 40% increase in the sum insured under life insurance
- 200-euro benefit of the deductible under MyHome Insurance
- one-year, free-of-charge life insurance for parents with a child under one year of age
Owner-members not only get OP bonuses for home, family and vehicle insurance premiums, but also for
- savings and investments
- funds in accounts
- purchases you have paid with OP-Visa credit.
OP bonuses are used for the bank’s service charges and insurance premiums.
The insurance is issued by Pohjola Insurance Ltd. OP cooperative banks are acting as Pohjola Insurance Ltd’s representatives.