Residents in the great state of Texas own trailers for a variety of reasons. They are useful for towing such things as recreational vehicles, boats, equipment and livestock and can be used for personal or commercial purposes. The Texas Department of Motor Vehicles exempts non-motorized vehicles including trailers from mandatory liability insurance. However a trailer insurance policy can be quite important if you wish to protect your assets and finances.
When shopping for trailer insurance, an independent insurance agent in the Trusted Choice® network can help. These agents can help you assess your coverage needs, answer your insurance-related questions and provide you with a variety of competitively-priced policies from which to choose. Contact a member agent in your neighborhood to learn more and you can start comparing Texas trailer insurance quotes today.
Types of Trailers Texans Are Likely to Own
- Enclosed trailers for transporting horses or livestock
- Commercial trailers such as those used to transport equipment to job sites
- Trailers for transporting boats and PWCs to and from the water
- Trailers for transporting ATVs, UTVs and dirt bikes
- Travel trailers including campers and fold-down trailer tents
- Auto trailers used to move cars from one place to another
What Is Texas Trailer Insurance?
Trailer insurance is a non-mandatory insurance policy designed to meet the needs of trailer owners. This coverage is sometimes included as a rider on your vehicle insurance policy. You have the option to purchase only coverage you find necessary and can build a policy that best suits your unique coverage needs. One of the most important features of a trailer insurance policy is the liability coverage it can provide you. Liability coverage may prove invaluable if you are in an accident when driving with your trailer in tow.
What Does Texas Trailer Insurance Cover?
Trailer insurance, whether included as part of your car, truck, boat, or ATV policy or purchased as a separate rider, will offer a few different types of coverage options. These typically include:
- Liability insurance: If your trailer strikes another vehicle while you are using it, it can cause extensive property damage and injuries to other people. This might happen if the trailer separates from your vehicle while on the road, if you miscalculate your corners and strike another vehicle while changing lanes or even if you cut a corner too close when driving in a residential area. Trailer liability coverage can provide compensation for any resulting damages you cause to others as well as any associated court costs and legal fees.
- Comprehensive insurance: Some trailers, such as horse trailers, are very expensive. Adding comprehensive coverage to your policy will provide you with compensation if your trailer is damaged by falling objects, severe weather events, fire, theft or vandalism. If your trailer is less than 3 years old, you can elect to purchase total loss replacement coverage which will provide funds sufficient to fully replace your trailer with a new one, instead of just compensation in the amount of the actual depreciated value of your lost or totaled trailer.
- Contents insurance: This coverage is very important if you will be using your trailer to transport valuable property that is otherwise not insured. For example, if you own a cabin-cruiser but prefer not to carry boat insurance, you will want to purchase trailer contents insurance to protect your boat while you are hauling it to and from the water. If you are transporting horses or livestock, a contents policy can provide you with compensation if they are injured or killed in a motor vehicle accident.
- Roadside assistance: This will provide you with help if you have a problem such as if your trailer blowing a tire or getting stuck in the mud. Specialized emergency assistance can be a necessity, particularly if your trailer is very large or is used to transport horses or livestock. Tow trucks that can handle your needs can be quite expensive if called upon for assistance. Trailer roadside assistance will protect you from these additional costs.
How Much Does Texas Trailer Insurance Cost?
Trailer insurance premiums can vary greatly according to the type of trailer you have and amount of coverage you need. Coverage for a small, personal-use trailer will generally cost less than $10 a month, whereas insurance for a commercial trailer or horse trailer will be significantly more expensive. Some factors that can influence the cost of your premiums include
- The type of trailer you own
- The size of the trailer, including its length and width
- The trailer’s make, model, year and purchase price
- The type and value of the cargo you intend to carry
- How frequently you will be using your trailer
- Whether you are using the trailer for personal or commercial purposes
- Your personal driving record
Compare Texas Trailer Insurance Quotes
When you are shopping for a suitable trailer insurance policy, you may find yourself with a lot of coverage-related questions. An agent in the Trusted Choice network can help you determine what coverage is included with your vehicular policy and what additional coverage you may need to purchase.
Agents can use their relationships with several different insurance companies to provide you with a variety of competitively-priced policies from which to choose. There are several member agents in a number of locations throughout Texas so it should be easy to find a network representative in your neighborhood. Contact a member agent today to get more information and a selection of Texas trailer insurance quotes.