Whether you have horses on a farm where you’re preparing for the upcoming Belmont Stakes, putting away your snowmobiles after a fun winter, or getting our your personal watercraft or motorcycles for the upcoming summer in the Adirondacks, you probably have a trailer to transport these various items.
Your trailer could be susceptible to weather damage, collision or theft, which could all leave you with a significant financial loss. You can get help shopping for cost-efficient New York trailer insurance by working with an independent agent in the Trusted Choice® network. Contact a local member agent for all of your insurance needs today.
What Kinds of Trailers Are There?
There are various types of trailers for a multitude of uses. In New York, the most common types of trailers are:
- Horse or livestock trailers
- Motorcycle/ATV/personal watercraft trailers
- Boat trailers
- Auto trailers
- Camping trailers
- Commercial trailers (for hauling equipment or goods)
How Much New York Trailer Insurance Do You Need?
The amount and type of trailer insurance you need will depend upon the type of trailer you own, its value, and how you use your trailer. Work with a knowledgeable agent to select the coverage that will protect you from potential loss. It's a good idea to assess whether the items you haul – whether they are sports gear, all-terrain vehicles, tools, goods or livestock – are of significant value and whether you need contents coverage for potential damage or loss.
While New York trailer insurance is not required for travel trailers, horse trailers, motorcycle trailers or just about any other kind of trailer, having coverage might be a good investment, especially considering the value of the trailer and the items you may be hauling in it. Your auto insurance may have a provision that extends coverage to the trailer when it is hooked up to the insured vehicle, but once it is unhooked and stored, that coverage goes away – and what if there is a fire that damages your trailer, or it gets stolen? Be sure to consider whether you have the financial wherewithal to replace it if you are not insured.
What Does Trailer Insurance Cost?
While New York trailer insurance coverage is similar to what you’ll find with a regular auto policy in terms of the coverages (liability for personal injury or property damage, comprehensive and collision, etc.), the cost of this insurance as a separate policy or a rider on your current auto policy can be quite affordable.
The premium you pay depends on several different factors, including the value of your trailer, how often you use it, how many miles it is on the road, and the amount of coverage you want for the items the trailer is hauling. For a flat bed trailer you use to haul machinery, you can expect to pay around $100 per year, whereas a larger, more expensive horse trailer might cost $200 per year or more.
How to Compare New York Trailer Insurance Quotes
A local Trusted Choice member agent can browse several different insurance companies and help you compare New York trailer insurance quotes. Your agent will help you find the policy that matches your exact needs and advise you on the best coverage to manage your specific risks. Additionally, your agent can help in the event that you ever need to file a claim.
Start comparing New York trailer insurance quotes today by contacting a Trusted Choice member agent near you.