Many of Georgia’s residents use a trailer to tow things such as boats, recreational vehicles or horses on this state’s roadways. According to the Georgia Department of Motor Vehicles, trailers are exempt from mandatory liability insurance regulations. You may want to consider purchasing additional trailer insurance to protect your investments.
If you would like assistance determining how much coverage you currently have for your trailer in your home or auto policy, or if you are interested in learning more about purchasing extra coverage, an agent in the Trusted Choice® network can help. These agents can help you review your current coverage, suggest sensible alternatives, and provide you with a variety Georgia trailer insurance quotes to compare. Find the right solution at the right price by contacting a local member agent today.
- Enclosed trailers for transporting horses or livestock
- Trailers for transporting boats and PWCs to and from the water
- Trailers for transporting ATVs, UTVs and dirt bikes
- Commercial trailers, such as those used to transport lawn equipment
- Travel trailers, such as campers and pop-up trailer tents
Liability insurance for your trailer may be included under your vehicle insurance policy (boat or auto, for example). Some larger trailers, such as horse trailers, may need an additional endorsement in order to have the necessary coverage.
Be aware that liability insurance only covers property damage and bodily injury to third-parties, and will not provide compensation for damages to your own property. If your trailer is wrecked in a fire, for example, you’ll need to carry comprehensive insurance on it to get compensation.
What Does Georgia Trailer Insurance Cover?
Trailer insurance, whether included in your auto, boat, or ATV policy or purchased as a separate rider, will probably provide a few different types of coverage options. These frequently include:
- Liability coverage: There are different ways that your trailer may cause property damage or injuries to others. For example, a runaway trailer can potentially cause a great deal of expensive damage. Liability coverage can protect you from the high cost of replacing or repairing property, or for expenses related to bodily injuries. Many insurance professionals recommend purchasing the highest liability coverage limits you can afford. You may also consider investing in an umbrella insurance policy to further protect your finances.
- Comprehensive coverage: Comprehensive coverage (now known as “other than collision”) will cover for damages to your trailer from a falling object, weather events, fire, theft or vandalism. You will typically have the option of choosing between actual cash value coverage (ACV) and replacement cost coverage. ACV policies will provide compensation, taking into account depreciation of your trailer over time, while replacement cost coverage will give you compensation to purchase a new, similar trailer to the one you lost.
- Contents coverage: This is very important if you carry valuable things on or inside of your trailer and you are not otherwise insured for them. This is particularly important if you have a commercial hauling operation and are transporting items for clients and customers.
- Roadside assistance coverage: If your trailer gets stuck in the mud or blows a tire, emergency assistance can be a necessity. Many tow trucks are not equipped to handle larger trailers that may need expensive, specialized towing services. Roadside assistance can protect you from these additional costs.
How Much Does Georgia Trailer Insurance Cost?
The cost of trailer insurance can vary greatly according to the type of trailer you have and amount of coverage you need. Some factors that may influence cost include:
- The type of trailer and what you will be towing
- The size of the trailer, including length and width
- The purchase price of the trailer
- The trailer’s make, model and year
- Whether you are using the trailer for personal or commercial purposes
- Your driving record
Compare Georgia Trailer Insurance Quotes
If you are currently shopping for a trailer insurance policy, you may have questions about what coverage you currently have, what coverage you need, and which policy is ideal for your particular situation. An agent in the Trusted Choice network can help you obtain the trailer insurance that you need at a competitive rate.
There are currently more than 22,000 member agencies with 27,000 locations nationwide, so you can expect a Trusted Choice member agent to be in your local area. Contact a local agent today and start comparing Georgia trailer insurance quotes and policy in no time.