Maryland residents use trailers for a variety of reasons. Some use small utility trailers to help their children move to college in Baltimore. Others use large livestock trailers to haul their prized horses from the countryside to Annapolis. Whether you have just purchased your first trailer, or you are looking for a new provider, trailers insurance is a must-have before hitting the streets and highways.
Before you search for trailer insurance quotes, however, there are several factors to consider.
According to the National Highway Traffic Safety Commission:
Trailers can increase risks in traffic accidents due to the following hazards:
Trailer insurance covers any shape and size of trailer that you might use to tow and transport supplies, goods, vehicles, equipment, or animals behind your vehicle. Trailer insurance covers livestock trailers, motorcycle trailers, ATV trailers, boat trailers, utility trailers, and many other varieties.
The amount and type of insurance you need for a trailer depends upon its use and its value, as trailers range anywhere from a few hundred dollars to $100,000. It's important to speak with an experienced insurance agent to determine the type of trailer insurance that fits your needs best. A knowledgebable agent will also be able to determine if your specific trailer could be covered under your vehicle insurance policy or if a separate policy is best for you.
Though not required by MD law, trailer insurance is one of those forms of protection that you can never appreciate until you need it following an accident.
The state does require some trailers to be inspected and tagged, however. Be sure to contact your local DMV to find out if you need to schedule an inspection and whether or not you need to pay registration tax on your trailer.
Most insurance companies offer the following types of coverage options for trailer insurance:
Commercial trailer insurance: If you use your trailer for business, you will need to cover the trailer as part of a commercial policy. This type of coverage would include the following:
Insurance providers use several factors when calculating a trailer insurance quote. Be sure to have the following information available when you seek coverage quotes for your trailer:
You may be able to insure a small utility trailer you use only once in a while under your vehicle insurance policy at no additional cost. On the other hand, a $100,000 livestock trailer that is used regularly may see quotes around $500 per year in premiums.
No matter how you use your trailer and no matter its size, securing an insurance policy to protect you, your trailer, and its contents could save you from costly damages or repairs. Knowledgeable, independent agents on the Trusted Choice® network are always available to answer any questions, suggest coverage options, and even assist you in filing a claim.
These agents have years of experience working with Maryland insurance providers, enabling them to find a number of quotes at the most affordable rates. Contact a Trusted Choice member agent near you to find out how you can hit the road protected with a trailer insurance policy that meets your needs and budget.