When it comes to living in Alaska, many people believe that you have to be cold-blooded in order to withstand the extreme temperatures. In reality, Alaska's more southern parts have much milder weather than one may imagine.
With Alaska's beautiful landscape, many residents enjoy activities such as boating, fishing, hunting, and ice racing. However, many of these activities come with an increased risk. If your hobbies in Alaska involve towing a trailer, it's important to have insurance covering your trailer and its contents.
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Trailer Accident Facts
- Since 1988, 1,693 people have been injured in accidents involving trailers, totalling over $4.5 million in damages.
- These injuries cost over $6.4 million.
- In 2009, there were over 12,000 accidents in Alaska.
Towing a trailer automatically raises your risk for accidents. Many people who tow items behind their vehicles believe that their auto insurance will cover damages if they're in an accident while towing; however, this may not be true. You'll need to review your policy to see if trailers and cargo are covered in case of an accident.
If you tow cargo commercially, you'll need to get commercial coverage for your vehicle, trailer, and contents.
What Is Trailer Insurance?
Trailer insurance is a set of policies designed to protect you from the risks associated with towing. A typical trailer insurance policy in AK may resemble the following:
- Liability coverage: If you're towing a trailer and involved in an accident, you may face steep financial costs for damages. Liability insurance will help pay for the damage you cause, along with helping to cover legal fees or judgement.
- Comprehensive coverage: Trailers are expensive. Comprehensive insurance will cover your trailer from damages, no matter where the fault lies. If your trailer is financed, this insurance will be required.
- Contents coverage: This coverage is for those who are hauling items of value, such as motorcycles, equipment, vehicles, or livestock. This insurance will cover any damages that occur to those items.
- Roadside assistance coverage: If you find yourself stranded while towing, this insurance can help you get the assistance you need.
Most Common Causes of Trailer Accidents in AK
Here is a list of the most common causes of trailer accidents:
- Trailer sway: When a trailer becomes uncontrolled, usually while on a descent.
- Unbalanced loads: Loads on a trailer which are not equally balanced, or overloading the trailer/vehicle.
- Vehicle not properly rated: Most vehicle manufacturers include the weight requirements when towing on vehicles. Overloading a vehicle or trailer can be dangerous.
- Improper vehicle tires: Always check your tires before hitting the road when towing.
- Inadequate braking distances: Keeping adequate distance between you and the person in front of you is important, especially when towing.
- Poor visibility: This can occur when the vehicle's mirrors are not wide enough to see beyond the trailer. This can be incredibly dangerous.
- Mismatched hitch and trailer: There are different sizes of hitches/trailer balls. Make sure your hitch is correctly matched up before hitting the road.
What Types of Trailers Can Be Covered with Trailer Insurance in Alaska?
Insurance companies realize that there are many types of trailers on the road. The following is a list of the most common types of trailers that can be covered with trailer insurance in Alaska:
- Utility trailer
- Equipment trailer
- ATV trailer
- Motorcycle trailer
- Farm trailer
- Car trailer
- Toy hauler/motorhome
- Livestock trailer
These are just a few of the most common types of trailers. Most trailers can be covered with trailer insurance.
How Much Is a Trailer Insurance Quote in Alaska?
When it comes to trailer insurance in Alaska, you'll need to make yourself familiar with some basic facts in order to get the most accurate quote:
- Make/model of trailer
- Length of trailer
- Type of trailer
- Value of trailer
- What you will be towing
- Value of contents
- Where you will tow cargo
- If you tow commercially
- Host vehicle make/model/value
- Driving history
- Preferred coverage
- Preferred deductible
All of these factors will be considered before giving you a trailer insurance policy quote. On average, for recreational use, you may expect to pay about $75 per year for trailer insurance.
Are There Discounts Available on Trailer Insurance in Alaska?
Just like many other insurance policies, discounts are available on trailer insurance in Alaska. When searching for quotes online, be sure to inquire about the following:
- Multi-policy discount
- New customer discount
- Loyal customer discount
- Good driver discount
- Claims-free discount
Each insurance agency has different discounts, so make sure to ask about any discounts you may not be aware of.
How Do I Purchase Trailer Insurance in Alaska?
When it comes to getting insurance coverage for your trailer and its contents, getting the right coverage at the right price is important. A Trusted Choice® agent is always available to answer questions, suggest coverage, or even help you file a claim.