Many of Wisconsin's residents use trailers to tow such things such as cattle, snowmobiles, boats and recreational vehicles on the state’s roadways. According to the Wisconsin Department of Motor Vehicles, these non-motorized vehicles are exempt from mandatory liability insurance regulations. Your current car or truck insurance policy may provide some coverage for your trailer, but in many cases this coverage is very limited and may not be enough to properly protect your finances. This is why it is a good idea to supplement your coverage with a Wisconsin trailer insurance policy.
Trailer Types Commonly Used In Wisconsin
- Trailers for transporting ATVs, UTVs, dirt bikes and snowmobiles to and from trails
- Trailers for conveying boats and other PWC’s to and from the water
- Commercial trailers including those used by lawn-care and construction businesses
- Enclosed trailers such as those used for transporting horses or livestock
- Travel trailers including campers and fold-down trailer tents
Liability insurance coverage for trailers is often included under standard vehicle insurance policies, but some of the larger trailers, such as horse trailers, may need an additional endorsement in order for you to have the full necessary coverage.
Be aware that liability insurance only covers damages and injuries sustained by third-parties. This coverage will not provide you with compensation for damages to your own property. For that, you will need to have Wisconsin trailer insurance.
What Does Wisconsin Trailer Insurance Cover?
Trailer insurance, whether it is included in your auto, boat, snowmobile or ATV policy or it is purchased as an altogether separate policy, typically offers a variety of coverage options. These frequently include:
- Liability insurance: There are a number of ways that your trailer might cause property damage or injuries to others. For example, if it comes lose and separates from your towing vehicle, the runaway trailer can potentially cause a great deal of expensive damage. Also, if you miscalculate the length of your trailer and strike another vehicle while changing lanes or hit a curb or pedestrian while making a tight turn, you can find yourself on the wrong end of a liability lawsuit. Liability coverage can protect you from the ensuing costs.
- Contents insurance: This coverage is extremely important if you carry valuable things on or inside your trailer and they are not otherwise insured. For example, if you own a boat but opt not to carry boat insurance, you will want to purchase coverage to protect your boat while you are transporting it to and from the water. If you are hauling livestock in your trailer, you will want to be certain that you have coverage in the event that the animals are injured or killed as the result of a motor vehicle accident.
- Collision insurance: If your trailer is damaged in an accident, this coverage will compensate you for the costs of repairs or, if necessary, the replacement of your trailer.
- Comprehensive insurance: Some trailers are very expensive. This coverage will protect your investment by providing you with compensation for damages to your trailer if it is damaged by severe weather, fire, flood, falling objects, theft or vandalism. If you opt to purchase total-loss replacement coverage, you can get enough reimbursement to replace your trailer with a new one, as opposed to just the trailer’s actual value.
- Roadside assistance: If your trailer blows a tire on the road or gets stuck in the mud, dedicated emergency assistance may be necessary, particularly if your trailer is very large. Many tow-trucks are not equipped to handle servicing these larger trailers. Furthermore, trailers that are transporting animals may need additional, specialized towing services that can be quite expensive. Roadside assistance will cover you against these additional costs.
How Much Does Wisconsin Trailer Insurance Cost?
The cost of trailer insurance can vary significantly according to the type of trailer you are insuring and amount of coverage you plan to purchase. Some of the many factors that may influence your costs include:
- The type of trailer you own and what you will be using it to tow
- The trailer’s size, including its length and width
- The trailer’s make, model, year and purchase price
- Whether or not you will be using the trailer for commercial purposes
- The amount of coverage purchased, the coverage options chosen and the amount of the deductible
- Your personal driving record
The only way to know for certain how much you should expect a policy to cost you is to request quotes from at least three insurance companies. Doing this also helps you to be sure that you are getting your policy at a competitive rate.
Find Wisconsin Trailer Insurance at a Great Rate
If you are currently shopping for a trailer insurance policy, you may find yourself with a lot of questions what sort of coverage you already have with your auto insurance, what coverage you may need to be fully protected, and which policy option are ideal for your particular situation. An independent insurance agent in the Trusted Choice® network can provide the answers you need and help you find the right policy at an affordable price.
It is easy to find a member agent in or near your neighborhood who can help you with all of your insurance-related needs. Contact a local agent now and you can start comparing Wisconsin trailer insurance quotes today.