Many residents of Montana who own and use trailers can benefit from purchasing trailer insurance protection. Whether you have a large trailer that you use to transport livestock to the Montana State Fair or a smaller trailer that you use to take your boat to and from Flathead Lake, a suitable trailer insurance policy can help you protect your finances. Although this insurance coverage is not mandatory, it may be worth your while to review a variety of trailer insurance quotes in Montana and then consider purchasing a policy.
Number of Trailers Registered in Montana as of 2000
- Total Number of trailers registered in the U.S.: 21,541,490
- Total number of trailers registered in MT: 211,866:
- Commercial trailers: 23,658
- Light farm trailers, car trailers, etc.: 128,415
- House trailers: 57,210
- Federal government owned trailers: 54
- State, county and municipal government owned trailers: 2,549
How Can Trailer Insurance Benefit Montana Residents?
If you own a trailer, you have increased liability risks when you take it on the road. If you misjudge a turn, you may damage property; if you clip another vehicle while changing lanes, you may cause bodily injury; and in the unfortunate event that the trailer detaches from your vehicle while you are driving, you may be responsible for both.
In some cases, you may already have coverage through your auto insurance policy or through another type of policy, such as ATV insurance or boat insurance. In other cases, you will need to purchase trailer insurance to get the coverage you need.
What Types of Trailers Does This Insurance Cover?
Trailer insurance provides trailer owners in Montana with the coverage they need to shield themselves from liability as well as to protect the investments they have made when they purchased their trailers. This kind of insurance can cover all types of trailers including the following:
- Horse and livestock trailers: These are large, enclosed trailers used specifically for the safe transport of horses, cattle and other livestock.
- Utility trailers: Individuals frequently use these open-topped trailers to tow large, heavy items such as motorcycles and snowmobiles, and lawn care companies use them to haul equipment to job sites.
- Cargo trailers: These enclosed trailers can carry items ranging from luggage to heavy equipment. Because they are enclosed, they protect your cargo from the elements during transport.
- Travel trailers: These non-motorized campers, used primarily for camping and travel, include pop-up style and fold-down trailer tents.
- Boat trailers: These specially designed trailers serve to tow watercraft to and from the water.
- Auto hauler trailers: These are low-riding, flatbed trailers used to tow any kind of car but especially racecars.
What Does Trailer Insurance Cover?
Whether your auto, business, ATV, boat or other insurance provides your trailer coverage or a separate trailer policy provides your trailer coverage, trailer insurance will typically include the following coverage options:
- Liability coverage: This provides coverage in the event that you cause injuries or damage to another person while using your trailer.
- Collision coverage: This covers the cost of repairing or replacing your trailer if it sustains damage in a collision, regardless of fault.
- Comprehensive coverage: This covers the cost of repairing or replacing your trailer if it sustains damage in a non-collision event such as fire, flood, falling objects or property crime.
- Contents coverage: This covers the cost of repairing or replacing the items you are towing if they sustain damage in a collision, regardless of fault. If you are transporting livestock, a specialized form of this coverage can compensate you for injuries or death to animals while they traveling in the trailer.
- Roadside assistance: This covers the cost of specialized towing or assistance if your trailer becomes disabled. For example, if your trailer is stuck in the mud or has a flat tire, you may need help.
How Much Does Trailer Insurance Cost in Montana?
If you own a small utility trailer, your auto insurance policy might already provide you with sufficient coverage, although you may need to purchase a trailer endorsement for a nominal fee. Commercial trailers and expensive trailers like campers and livestock carriers will need to have specialized trailer insurance coverage.
Trailer insurance quotes will vary from one person to the next. Factors that will most influence your insurance quotes include these:
- The type of trailer you need to insure and its dimensions
- The trailer’s make, model, year and purchase price
- How much coverage you wish to purchase
- Where and how you store your trailer when it is not in use
- Whether the trailer is intended for personal or commercial purposes or both
- Your driving record, claims history and credit score
To find out what coverage will cost you, compare quotes from at least three different insurance providers.
Get More Trailer Insurance Coverage Information
If you are considering a trailer insurance policy, you may find yourself with questions about the coverage you already have, the coverage you still need to get, and the right policy options for you. Independent insurance agents in the Trusted Choice® network can help you find the answers.
Trusted Choice agents have offices throughout the state, so it should be easy to find one who is conveniently located near you. Contact a local agent to get more information and to start comparing trailer insurance policies and quotes in Montana.