Vespa Two Wheeler Insurance

So you own a Vespa scooter? Hats off just to that!

Planning to renew the insurance of your good old LML Vespa scooter or looking for the best two-wheeler insurance for your brand new Vespa 125 scooter – you’ve landed just the right place.

Let’s dive into the two-wheeler insurance basics for your Vespa scooter.

Understanding Vespa Insurance

Must-know Coverage for Your Vespa Scooter

You can get following kinds of insurance policies for your Vespa Scooter:

Third-Party Bike InsuranceComprehensive Bike Insurance
Only covers third-party injuries and damages, and not to your own vehicle.Gives third-party policy + coverage for losses and damages to your own bike
Mandatory by Indian Motors Act.It’s not mandatory to buy coverage for your own scooter’s damages, but then we all know the state of Indian roads. And, who doesn’t love their Vespa scooter?
Multi-year insurance availableMulti-year insurance available

Why You Should Insure Your Vespa Scooter?

Vespa scooter are great on Indian roads, which is why there are so many of them. But with a two-wheeler insurance, you can:

  • Be sure that you’re rightfully compensated if your Vespa scooter was stolen or damaged beyond repairs.
  • Get coverage for a third-party if your scooter caused an accident and the third-party was injured or their property damaged.
  • Get comprehensive coverage for your own two-wheeler, in case damages were caused to your vehicle.
  • Be sure that no traffic policeman heavily fines you for not having an insurance policy for your scooter. Strictly, say no to bribery!

 Good-to-Have Insurance Add-ons for Vespa Scooter

  • Zero Depreciation Cover:

Irrespective of the model of Vespa scooter you have, depreciation is applicable on all kinds of metal, plastic, and fiber glass parts. In case of repairs / replacement claims, you would have to pay for the depreciation cost. However, with zero depreciation add-on, you can get that covered.

  • Return to Invoice Cover:

So that if your scooter was stolen or completely damaged, the claim settlement amount from the insurance company is not as little as the current market value of your scooter. Instead, it is as much as the invoice value of your scooter. This is even when in case your scooter was two years old, with a 20 percent lower current market value.

A lot of insurance companies offer specific add-on coverage at an addition premium cost. Depending on the model of Vespa scooter you have, do enquire with your insurer about these coverage options. Key replacement, roadside assistance, personal accident cover of passengers could be a few such options.

Things a Two Wheeler Insurance Covers For Any Vespa Scooter

  • Personal accident coverage for owner-driver
  • Accident-related damages to your scooter
  • Damages caused during a natural calamity like flood or storm
  • Loss because of fire, explosions
  • Compensation for Stolen Scooter

Things a Two Wheeler Insurance Does Not Cover For Any Vespa Scooter

  • Wear and tear caused over the years [including flat tyres]
  • Losses caused when the scooter was driven without a driving license
  • Damages caused when the scooter was being driven under the influence of alcohol
  • Driving outside the geographical limits
  • If the scooter is used for anything beyond it’s legal purpose [racing, illegal activities, organized crime]

Questions you might ask about Vespa Insurance

How can I renew my Vespa Insurance online?

Your Vespa Insurance Policy can be renewed online very seamlessly through your insurer’s online portal or your broker’s portal.

  1. If you have already selected an insurance company you can go to the insurer’s portal and renew it online by filling in the details.
  2. All you need to fill are your scooter details (like Vehicle Registration Number, Engine/Chasis Number), your previous insurance details and your contact details. Once done, you can then renew the policy online by paying via netbanking, wallet or credit/debit card.
  3. Also, it is not necessary to continue your insurance policy with the same insurance company as the previous year. You can easily purchase insurance policy from a different insurer, as long as you are aware of the benefits and features being offered.

The two wheeler insurance of my Vespa 125 Standard scooter has already expired. Is vehicle inspection mandatory?

No. Inspection is not mandatory even if the insurance for your scooter has already expired. It is sometimes done at the discretion of the insurer but only if the insurance has lapsed for more than 6 months or so.

Is an online insurance policy valid for two-wheelers?

Of course it is valid. You get a valid scooter insurance policy by renewing the policy online. All you need to do is fill in your previous policy scooter details and get a valid insurance policy emailed to your registered email id. A printout of that would suffice.

Single-year or Mutli-year: what’s better in case of Vespa insurance?

Multi-year is always better as you get a better rate and your insurance policy is valid for 2 to 3 years. Thus, there is no renewal headache every year. Also, since you pay upfront, there is a huge discount on the premium.

How do I get no-claim bonus at the time of renewal?

If you have not claimed in the preceding year, then you can avail a No-Claim Bonus at the time of your next renewal. Keep one thing in mind: your scooter insurance renewal has to happen before the previous policy expires. At the time of renewal of your Two-Wheeler Insurance Policy, you need to mention your last NCB and whether you have made any claim in the last year or not. You get discount on the own-damage premium as per the NCB grid provided by IRDA.

All vehicle Type NCB Grid% of discount on own damage premium
No Claim in the last 1 year20%
No Claim in the last 2 consecutive years25%
No Claim in the last 3 consecutive years35%
No Claim in the last 4 consecutive years45%
No Claim in the last 5 consecutive years50%

How much more do I need to pay for comprehensive two wheeler insurance?

The premium for a simple third party only insurance is fixed by the IRDAI. A comprehensive insurance policy includes own-damage premium too. The own-damage premium varies slightly from one insurance company to another and is dependent on a lot of factors, including your claims history and the age of your scooter. The overall premium for comprehensive insurance is marginally higher, but highly recommended if you are looking for complete coverage for your Vespa scooter.

Models Manufactured by Vespa: Which One Do You Ride?

Brand NameVariantsPriceEngine CCMileage(kmpl)BHPWt. (kgs)Price Range(in Rs)
Vespa VXL 150125cc814124459.911481,400 to 86,284
Vespa VXL 150Standard8861504511.411488,600 to 93,916
Vespa SXL 150125cc8591255511.411485,900 to 91,054
Vespa SXL 150Standard9241504511.411092,400 to 97,944
Vespa EleganteElegante9071255010.0611490,700 to 96,142
Vespa 125 STDStandard7021256010.0511470,200 to 74,412
Vespa 946Emporio Armani Edition 125120501255011.812012,05,000 to 12,77,300

News Related to Vespa:

Piaggio Launches BS6 Vespa VXL and SXL 125 in India

– July 23, 2020

Piaggio India, the Indian subsidiary of the Italian scooter manufacturer, has launched the BS6 avatar of the Vespa VXL and SXL 125 in India. The BS6 Vespa VXL 125 is priced at Rs.1,10,373, while the BS6 Vespa SXL 125 is priced at Rs.1,14,204. All prices are ex-showroom (Pune). With the adoption of the BS6 norm, the Vespa VXL and SXL 125 now come with fuel injection system. The retro-modern scooters draw power from a 125cc single-cylinder engine which is capable of producing a maximum power of 9.7bhp and a peak torque of 9.6Nm. The engine comes paired with a CVT automatic gearbox. The scooters get LED headlights along with LED DRLs, boot lights and a USB charger. There aren’t many changes to the exterior except in the form of LED lighting. The scooter is suspended by a single-sided suspension at the front and a mono-shock at the rear. As for the brake, the front wheel features a disc brake while the rear features a drum brake.

Piaggio Launches BS6 Vespa Notte 125 in India

– June 2, 2020

The Indian subsidiary of Piaggio has launched the BS6 Vespa Notte in India. The ex-showroom price of the new scooter is Rs.91,864, making it the cheapest scooter in its portfolio. The BS6 version of the Vespa Notte does not receive any update on exterior compared to the BS4 model. The biggest or the most significant change is the BS6 engine, which features three catalytic converters. The scooter draws power from a 125cc single-cylinder engine which produces a maximum power of 9.92PS and a peak torque of 9.6Nm and comes paired with a CVT automatic gearbox. The Vespa Notte 125 does not feature a disc brake at the front nor does the full LED lighting. The scooter features 10-inch wheels at both ends which are wrapped with a 90mm wide tyre. Braking duties on the Vespa Notte 125 are carried out by drum brakes along with CBS.

Piaggio Reveals Specs, Features of BS6 Vespa Elegante 149

– May 13, 2020

Piaggio has finally revealed the features and specifications of the BS6 Vespa Elegante 149. The BS6 Vespa Elegante 149 is powered by the same engine that powers the BS6 Vespa SXL 149 and VXL 149. The scooter draws power from a 149cc single-cylinder engine that produces a maximum power of 10.3hp and a peak torque of 10.6Nm. The BS4 model of the scooter was powered by a 154.8cc single-cylinder unit. The BS6 Vespa Elegante 149 continues to get the same features as the previous model which include windscreen, LED headlamp, an analogue-digital instrument cluster and single-sided suspension at the front.

BS6 Piaggio Vespa SXL and VXL Launched in India

– May 7, 2020

The BS6 version of the Piaggio Vespa SXL 149 and VXL 149 has been launched in India. The BS6 Vespa SXL 149 is priced at 1.27 lakh, while the BS6 Vespa VXL 149 costs Rs.1.23 lakh. Both prices are ex-showroom (Delhi). The SXL 149 is available in six paint schemes, the VXL 149 comes with five. With the change to BS6 engines, the scooter is now powered by a 149cc instead of the previous 150cc unit. With the drop in the engine capacity, the power has reduced as well. The new unit produces a maximum power of 10.2bhp and peak torque of 10.6Nm. Both the Vespa SXL 149 and the VXL 149 come with disc brakes at both ends and linked to a single-channel ABS.

Vespa 150cc Variants Renamed in India

– May 6, 2020

The Vespa 150cc variants have been renamed by the company with the introduction of the BS6 versions. Now, the 150cc variants of the Vespa are renamed as SXL 149 and the VXL 149. With the change to BS6 engine, the 150cc engine is now 149cc which has led to a drop in the power of the scooter. While the previous engine churned out 11.4bhp, the new engine produces 10.2bhp. The company’s website does not list the 150cc models while it now reflects the scooters with 149cc engines. Piaggio which sells the Vespa scooters in the country will weigh on the new BS6 engines to churn out more sales in the country.

Vespa Launches BS6 125 and 150 in India

– March 11, 2020

Italian two-wheeler brand Vespa has launched the BS6 Vespa 125 and 150 in India. The Vespa 125 range and the 150 range have been updated with the BS6 engine. The new Vespa scooters receive fuel-injection system and LED headlamp. The Vespa Urban Club is priced at Rs.92,700, the Vespa ZX 125 is priced at Rs.1,00,000, the VXL 125 at Rs.1,10,000, the SXL 125 at Rs.1,13,000, and the SXL 125 with matte colour scheme at Rs.1,15,000. As for the 150 series, the Vespa VXL 150 is priced at Rs.1,22,000, the SXL 125 at Rs.1,26,000, the SXL 150 with matte colour options at Rs.1,27,000 and the Vespa Elegante at Rs.1,32,000.