TLTR: This article explains what snowmobile insurance is, why you may need it, and what the policy covers. Additionally, it also highlights some additional considerations that you need to keep in mind.
What is snowmobile insurance?
It’s a specialized insurance coverage that keeps your snowmobile financially protected. For instance, it helps pay for repairs for damage to your vehicle. It also protects you from having to pay out of your pocket if you are found to be liable in an accident.
Do you need snowmobile insurance?
If you own a snowmobile, the answer is “yes!” Having this policy in place can cover you when you’re riding on or off your property. Snowmobile insurance will also provide coverage if you trailer your motor sled to a different location.
The majority of public and state-owned parks require you to have snowmobile insurance to drive on their trails.
According to a study from ResearchGate, approximately 200 people die and 14,000 are injured in snowmobile accidents every year.
What does snowmobile insurance cover?
Snowmobiles, just like any other vehicle, are prone to accidents and damages. So, snowmobile insurance may include:
Zipping across a snowy landscape can be a lot of fun. It can also cause you to slide into a rockface or a fence if you aren’t very careful. You could collide with another snowmobile or wipe out on a fallen branch.
Snowmobiles are expensive, and so is their cost of repair. Therefore, collision coverage can help cushion those expenses.
Life is unpredictable, and no one wants to be responsible for an accident, but it can happen to anyone. Liability coverage provides protection in the event of such accidents. According to the American Council of Snowmobile Associations (ACSA), having this coverage is mandatory in some states (North Dakota, South Dakota, Pennsylvania, and Vermont).
There are commonly two types of liability coverage for snowmobiles:
- Bodily injury liability coverage will cover the cost of medical bills if you are found to have injured someone.
- Property damage liability coverage will help pay for the cost of repairs should you accidentally damage someone else’s property like their fence, home, car, or their snowmobile.
If your snowmobile gets stolen or is damaged, comprehensive coverage may help pay for the replacement and repairs. Furthermore, some comprehensive coverage can also include hail damage and vandalism.
How much does snowmobile insurance cost?
The cost of your snowmobile insurance depends primarily on two factors: the type of coverage you buy and the type of machine you ride. Snowmobiles come in a variety of shapes and sizes; they also vary in power and performance. So, different premium rates are set for different snowmobiles.
You may have to pay an average of $100 to $500 annually for basic snowmobile insurance. But the cost can vary due to several other factors, including:
- The make and model of your snowmobile, along with its age
- Where you live and ride your machine
- Your history of past claims
- Your age and the quality of your driving record
- Any additional coverage options you’re interested in
All coverage has limits. So, it’s crucial to understand every detail of your policy before you make an insurance purchase. Find an agent who can clarify everything for you.
Keep in mind that conventional home, auto, and renters insurance don’t typically cover snowmobiles. So, it is crucial to consult with your agent to see if you need specialized insurance for it.
Ask your insurance provider if there are any discounts available. In essence, paying your premiums in full or showing that you’ve taken a relevant safety course is a good way to get a discount.
How do I get snowmobile insurance?
It’s always a good idea to get quotes from at least three to four insurance providers before making a purchase decision. Likewise, compare the prices and carefully look into the features they provide.
To simplify this process, you can connect with an insurance agent. Specifically, an independent agent can assess your situation and find and compare offers from different insurance companies. They can find a quote that meets both your needs and your budget.
Let us help you find an agent you can trust.
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February 9th, 2023 · 5 mins read
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