Many residents of Wyoming who own and use trailers can benefit from purchasing a suitable trailer insurance policy. Whether you have a large trailer that you use to transport livestock to the Wyoming State Fair, or a smaller trailer that you use to take your ATV to and from the Blacktail ATV Trails in Sundance, a suitable trailer insurance policy can help you keep your finances secure.
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Trailer Registration Statistics as of 2000
- Total number of trailers registered in the U.S.: 21,541,490
- Total number of trailers registered in Wyoming: 269,412
- Commercial trailers: 16,683
- Light farm trailers, car trailers, etc.: 223,362
- House trailers: 28,203
- Federal government-owned trailers: 91
- State, county, and municipal government-owned trailers: 1,073
How Can Trailer Insurance Benefit Wyoming Residents?
If you own a trailer, you have increased liability risks while driving with it in tow. If you misjudge a turn, clip another vehicle while changing lanes, or even have an instance where the trailer detaches from your vehicle while you are driving, you may be responsible for expensive property damage and personal injuries.
In some cases, you may already have coverage through your auto insurance policy or through another type of policy, such as boat insurance if you have a boat trailer. In other cases, you will need to purchase trailer insurance to get the coverage you need.
Trailer insurance is designed to provide Wyoming’s trailer owners with extra liability coverage, while also giving them a way to protect the investment they have made in the purchase of their trailer. This kind of insurance can cover all types of trailers including:
- Livestock trailers: These are large, enclosed trailers that are designed specifically for the safe transport of horses, cattle and other livestock.
- Travel trailers: These include any non-motorized campers, including pop-up style and fold-down trailer tents.
- Utility trailers: These open-topped trailers are frequently used by lawn care companies to haul equipment around and by individuals who need to tow large, heavy items such as ATVs and motorcycles.
- Auto hauler trailers: These are low-riding, flat-bed trailers that are most commonly used to tow race cars, but can be used to tow any kind of automobile.
- Boat trailers: These are designed specifically for towing your watercraft to and from the water.
- Cargo trailers: These enclosed trailers can be used to carry things ranging from luggage to equipment. Because they are enclosed, your cargo is protected from the elements.
- Dump trailers: These are cargo and utility trailers that are typically used for industrial or farming purposes. The trailer portion can be raised hydraulically to enable the operator to easily unload its contents.
What Kinds of Coverage Can Trailer Insurance Provide?
Trailer insurance, whether included as part of your auto, business, ATV, boat or other insurance policy or purchased as a separate policy, will typically include a few different types of coverage options. These can include:
- Liability coverage: This is designed to provide an extra measure of liability coverage in the event that your trailer causes major damages or injuries to others.
- Collision coverage: This type of coverage can provide you with compensation for damages to your trailer that are caused by a collision, regardless of fault. This can include collisions with both moving vehicles and stationary objects.
- Comprehensive coverage: This type of coverage can provide you with compensation for non-collision-related damages to your trailer. This can include damage caused by fire, falling objects, severe weather events, theft or vandalism.
- Contents coverage: This provides coverage for the items you are towing on your trailer if they are damaged while in transport. If you are transporting livestock, this coverage may compensate you for losses if your animals are injured or killed by an accident while travelling in the trailer.
- Roadside assistance coverage: Your trailer can get stuck in the mud or have a blown tire, or experience any number other problems while on the road. Specialized emergency roadside assistance may be a necessity, especially if your trailer is very large or is transporting a large item such as a boat. Roadside assistance coverage can shield you from these additional costs.
How Much Will Trailer Insurance Be in Wyoming?
If you own a small utility trailer, you might already have sufficient coverage through your auto insurance policy, although some providers will require you to purchase an additional endorsement for a nominal fee. Larger trailers, such as horse trailers and campers, will need specialized insurance if you wish to have coverage for them.
The cost of trailer insurance can vary significantly from one person to the next. Some factors that will most influence costs include:
- The type of trailer you are insuring
- How much liability coverage you wish to purchase
- The trailer’s make, model, year and purchase price
- The trailer’s size, including its length and width
- Where and how you store your trailer when you are not using it
- Whether you will be using the trailer for personal or commercial purposes, or both
Wyoming Residents Can Compare Trailer Insurance Quotes
If you are thinking about purchasing a trailer insurance policy, you may find yourself with questions about what coverage you already have with your other insurance policies, what coverage you still need, and which policy options are right for your particular situation. Independent agents in the Trusted Choice® network can provide you with answers. These agents can also work with several different insurance provides to help you find a suitable policy at a competitive rate.
Trusted Choice agents have offices throughout the state, so it should be easy to find an agent conveniently located near you. Contact a local agent now to get more information and start comparing trailer insurance policies and quotes in Wyoming.