One need only travel on Interstate 94 through Jamestown and Bismarck, or Highway 83 through Minot to discover how many trailers there are among North Dakota motorists. Some days it seems every other driver is hauling or transporting some equipment or moving supplies. To protect your trailer and its contents from unforeseen events, you need to ensure you have the protection of trailer insurance. Before you search for trailer insurance, however, there are a few things to consider.
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North Dakota Trailer Statistics
The following trailer statistics are available from the U.S. Department of Transportation:
- As of 2003 (the most current year for which statistics are available), North Dakota had about 26,000 commercial registered trailers.
- There were more than 31,000 light farm trailers, car trailers, utility trailers, etc. registered in the state.
- There are nearly 19,000 house trailers on ND streets.
- In total, there are more than 76,000 trailers in ND, not counting the thousands owned by the state and federal governments.
Is Trailer Insurance Required in North Dakota?
Owners of private-use trailers are not obligated to have insurance per North Dakota State law. They may need to have commercial trailer insurance, however, so be sure to check with your local department of motor vehicles regarding specific requirements.
Owners must register all trailers with the state before they can legally take them on public roads and highways, however. Even though you may not have to carry trailer insurance, it offers the type of protection that few trailer users can afford to be without.
Finding Insurance for Different Types of Trailers
Unless you have handcrafted your trailer from spare parts sitting around the farm, you should be able to find a North Dakota insurance provider willing to insure it. Most insurance companies have policies for the following types of trailers:
- Boat trailers
- Cargo trailers
- Utility trailers
- Horse and livestock trailers
- Heavy equipment trailers
- And more
Why Is Trailer Insurance Important?
Although some motorists mistakenly believe their auto insurance will cover any incident involving their trailer, most standard car or truck insurance policies do not. You don't want to find out you have this significant gap in coverage after the fact. If you use a trailer to haul valuable horses, livestock or equipment, you want a policy that can help protect these assets as well as your personal finances.
What Does Trailer Insurance Cover?
Much like a vehicle insurance policy, trailer insurance can offer liability, collision and comprehensive coverage.
People can often overlook liability coverage for trailers because they tow the trailers behind their vehicles rather than drive them. However, trailers can and do become unhitched and your traditional vehicle insurance policy likely will not cover that type of incident.
Comprehensive coverage also does not extend from your vehicle to your trailer. It's important to secure a separate policy for your trailer in the event of severe weather, theft, vandalism or fire so you can recover the loss of a damaged or destroyed trailer.
What Are Trailer Insurance Quotes Like?
Trailers vary greatly in size and value, and therefore it's impossible to calculate average quotes. Someone needing trailer insurance for a small utility trailer will find greatly different quotes from someone who needs to insure a large $100,000 gooseneck trailer. The quotes you get from North Dakota insurance providers will depend on the following factors:
- The length and width of your trailer
- The value of your trailer
- How often you use it
- What you use it for
If you have a small car trailer that you use only a few times a year, you should be able to find coverage for as little as $100 a year. For large, high value trailers used on a regular basis, your coverage will cost more.
Where To Find Trailer Insurance
Whether you use your trailer to help your college-bound son or daughter move between semesters or you use it to transport livestock from Minot to Williston, you want the protection only a trailer insurance policy can offer. When you contact a knowledgeable, independent agent in the Trusted Choice® network, you take the first step toward that goal. These agents can ensure the policy you buy offers the best coverage at the most affordable rates.
Contact a Trusted Choice member agent near you to find out how you can obtain the perfect trailer insurance policy that meets your needs and budget.