What does MMBS insurance cost?
MMBS vehicles are becoming increasingly popular, especially among young people. They offer the comfort of a regular car, but you pay no road tax and are exempt from registration and MOT requirements.Have you or your child purchased an MMBS vehicle? Then you're probably wondering: what does it cost to insure an MMBS? Insuring an MMBS often raises many questions. Therefore, in this article, we will take a closer look at the cost of MMBS insurance.
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Why is MMBS insurance more expensive than other policies?
When you start looking for insurance for your MMBS, you may notice that the cost of MMBS insurance is a lot higher than that of other vehicle insurance. There are several reasons for this. Insuring an MMBS involves quite a bit of risk for an insurer. This is because it happens quite often that the vehicle is secretly tinkered with to increase its speed. For example, an MMBS vehicle suddenly has the same speed as a normal car. Since you do not need a car license, but a tractor license suffices, drivers are often not as experienced on the road yet. As a result, accidents happen faster. With insurance, the higher the risk to the insurer, the higher the premium.
Because of the increased risk, few insurers dare to insure an MMBS. Also because of the small number of insurers available, the premium for MMBS insurance is a lot higher than for, say, a car or scooter.
What is the premium for an MMBS based on?
The cost of MMBS insurance depends on the amount of the premium. A number of factors are considered when determining the premium:
- The type of vehicle and the weight of the vehicle
- The age of the driver
- The number of accrued claim-free years
For drivers under 25, the premium is often higher than for drivers over 25. Also, the heavier the vehicle, the higher the premium.
What does MMBS insurance cost per month?
Thus, the cost of MMBS insurance per month depends on a number of factors. There is no standard premium for MMBS insurance. Through Alpina.nl you can calculate an indication premium. This gives you an idea of the monthly cost of an MMBS insurance. When you have filled in the details you can request a final proposal. The insurance company that offers insurance for an MMBS vehicle is the Vereende. Alpina is an intermediary of the Vereende.
To give you a hand, we have already calculated the monthly cost of MMBS insurance. We have assumed two different situations:
* This is an indicative premium. The indicative premium includes insurance tax and excludes a one-time policy fee of up to €13.36.
How much does MMBS insurance cost per year?
Although the annual cost of MMBS insurance is a lot higher than, say, normal car insurance, you do save on other things. For example, an MMBS vehicle is exempt from road tax by the RDW. You also do not have to have the vehicle MOT tested every year. In addition to the one-time purchase cost of the vehicle and, of course, gasoline costs, you only pay for insurance annually.
What happens if I don't insure my MMBS?
As with all motor vehicles, an MMBS must have at least third-party insurance. Normally the RDW checks the insurance of vehicles, but in this case the check is done by the police. This is because an MMBS vehicle does not have a license plate that the RDW can check. The driver's license check is also done by the police. Should they discover that your MMBS is not insured or that you do not have the proper driver's license, you risk a hefty fine.
How can I get MMBS insurance as cheaply as possible?
Through Alpina.nl you can easily calculate an indication of the monthly premium. All you have to do is fill in a few details about the vehicle and your age. This will give you an idea of the amount of the monthly premium. Then you can request a final quote. Does the proposal appeal to you? Then you can immediately and easily take out the insurance.
Calculate your MMBS insurance premium right away!
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