Whether you use a horse trailer to attend the county fair in Eugene or you use a small utility trailer to help a college son or daughter move back home from Portland for the summer, it's a good idea to obtain trailer insurance in Oregon. Whether you use your trailer for work or for play, you can protect your investment with a trailer insurance policy. Before you search for trailer insurance quotes, however, there are several factors to consider.
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You Might Have Trailer Coverage Through Your Vehicle Insurance
Whether you have trailer coverage under your existing car or truck insurance policy depends on how you use the trailer and how much coverage you have. Unfortunately, many trailer owners assume they already have coverage only to find out they do not after trailer damage has already occurred. You don't want to wait until an accident, theft or other incident occurs before you find out whether you have sufficient coverage.
You Might Have To Carry Trailer Insurance in Oregon
While not required under state law for most cases, carrying trailer insurance is still a good idea. You may have to register and title your trailer with the OR Department of Motor Vehicles if your trailer is a business-use vehicle or its weight exceeds 1,800 pounds when fully loaded. You may also have to carry insurance on it.
Registering your trailer with the state is optional if it weighs less than 1,800 pounds fully loaded. In any case, it's always a good idea to register your trailer in the event it is ever lost or stolen. Registering your trailer helps law enforcement track it and possibly return it to you.
Why Is Trailer Insurance Important in Oregon?
Many people do not consider having trailer insurance to be important because they tow their trailer rather than drive it. However, improperly loaded cargo, hitch malfunctions and trailer sway can be extremely hazardous to you and other motorists. Just one accident involving a trailer can cause thousands of dollars in damage and additional tens of thousands of dollars in medical treatment for injuries. You want to be sure you have coverage in the event your trailer causes an accident.
What Does Trailer Insurance Cover?
Trailer insurance includes the same types of coverage options as vehicle insurance, namely liability, collision and comprehensive coverage. The policy you need depends on the size, value and use of your trailer.
If you use your trailer for business operations in any manner, you need a commercial trailer insurance policy that includes higher liability limits to protect your company from lawsuits and claims.
Finding a Policy for Your Trailer
Unless you patched your trailer together using spare parts around the garage, chances are you can find an insurance policy to cover it. Most Oregon insurance providers are willing to insure the following types of trailers:
- Utility trailers
- Cargo trailers
- Boat, ATV and snowmobile trailers
- Horse and livestock trailers
- Flatbed trailers
- Auto-hauler trailers and other heavy duty trailers
Getting Trailer Insurance Quotes
The quotes you will get from Oregon insurance companies depend on several factors. Most providers take the following into consideration when they calculate your premium quotes:
- The size, weight and value of your trailer
- How and how often you use it
- Your location
- Your driving and claims history
- How you store the trailer when it is not in use
Comprehensive policy quotes for a small utility trailer that is used only a few times a year will be far lower than quotes for a flatbed trailer used daily as part of business operations. After speaking with a qualified insurance agent, you may even discover you can add your trailer to your vehicle insurance policy at no additional cost.
Where To Find Trailer Insurance
Don't wait until after an accident to find out if you need trailer insurance coverage. A Trusted Choice® member agent can help identify your trailer insurance needs, suggest coverage options and get you a number of quotes from a variety of insurance companies. These knowledgeable independent insurance agents have years of experience working with Oregon insurance companies. Thus, these agents can find you the best coverage at the most affordable rates.
Contact a Trusted Choice member agent near you to get quotes and to get trailer insurance coverage that meets your needs.