Whether you are purchasing snowmobile insurance because it is a requirement or because you want to protect your investment, cost is an important consideration.
Many people wonder how much a snowmobile insurance policy will cost. Because so many factors go into determining rates, it is important to work with an agent who can get quotes from various insurance companies.
An independent agent in our network can help you find the coverage you need at a competitive rate. Find a local independent agent today who can help you assess your coverage needs and provide a variety of policies and rates from several different insurance companies.
Factors Affecting Your Snowmobile Insurance Rates
- The make, model and year of your snowmobile
- Where you live and where you will be riding
- Your driving record, age and possibly even your profession
- Additional coverage options you choose
Snowmobile Insurance Costs
The cost of a very basic snowmobile insurance plan can range anywhere from a little over $100 a year to over $500 a year, depending on the above factors. Compare quotes from multiple insurance companies so you can find the best coverage at the rate that suits your budget.
An independent agent in our network is an excellent resource, as these agents work with multiple insurance carriers and can do the comparison shopping for you.
Snowmobile Insurance Costs Can Vary
Many people start their insurance shopping by asking friends or relatives what they pay for their snowmobile insurance. Several different factors go into determining your snowmobile insurance costs, and most of them are unique to you.
For this reason, the cost of your neighbor’s snowmobile insurance may be different from your own.
For example, when setting your premium rate, a snowmobile insurance company will look at many different things that are relevant to your specific profile and circumstances:
- Your age and experience: For example, your rate will be vastly different if you are an 18 year-old male snowmobile rider than if you are a 40 year-old female rider.
- Your history of past claims: Your history can come back to haunt you when it comes to insurance. If you have had one or more snowmobile accidents, you have shown the insurer that you are risky.
- Your snowmobile: What is the make and model, and how much did you pay? If it is brand new and was expensive to purchase, your snowmobile insurance costs may be higher than if you bought a used model.
- The types and amounts of insurance you want: Just like an auto policy, you can choose to buy the minimum required coverage, or you can get a more broad package of insurance. You can also choose comprehensive to cover yourself against theft and “other than collision” damage.
- The deductibles you choose: Increasing your deductibles will lower your premium costs. Just make sure that you can pay that deductible out of pocket when it comes time to make a claim.
When selecting the snowmobile insurance you want, you will have a number of different add-on coverage types to choose from.
These may include everything from uninsured motorist coverage, to towing services and coverage for your accessories and after-market add-ons. All of these variables will have an impact on your snowmobile insurance cost.
Some Snowmobiles Are More Expensive to Insure
Many policies provide replacement coverage for snowmobiles, so the more expensive the sled, the higher the insurance premiums will be. For example, a 2012 Aztec Cat Z1 Turbo LXR, which retails for about $15,000 will cost far more to insure than will a 2012 Polaris 120 PRO-R that you can buy for about $2,600.
Other factors determined by your sled’s make, model and year can affect your snowmobile insurance rates.
These include any safety features the machine may have, its maximum speed, its safety rating, and any after-market add-ons or accessories you have added. If you own a model that is frequently stolen, you may have more expensive insurance rates as well.
Residents in Some States Pay More for Snowmobile Insurance
States that see more snowfall and longer winters may require higher rates on snowmobile insurance since snowmobilers are likely to spend more time on their vehicles, and thus have a higher risk of accidents.
However, most states with significant snowfall also have mandatory insurance coverage laws that may lead to lower insurance premiums for consumers in those areas.
When most riders are insured, the cost of uninsured/underinsured motorist coverage decreases. Also, when policies are spread out over a wider range of the population, rates are generally lower overall.
How Your Information Influences Snowmobile Insurance Costs
Insurance applicants with good driving records can often get snowmobile insurance policies at a lower rate than those who have several speeding or reckless driving tickets. Insurance companies expect that those who practice safe driving habits in their cars will do so while on their sleds as well.
Likewise, younger snowmobile operators tend to be more daring and will often be more expensive to insure than will their middle-aged counterparts. In some cases, insurance companies will also take the applicant’s profession into consideration when determining an insurance quote.
Ask About Available Discounts
There are other factors that can affect your snowmobile insurance costs, like discounts. You may be eligible for discounts when combining policies, if you have taken a snowmobile safety course, or if you are married and you own your home.
Simply being married makes you statistically less of a risk-taker. Talk with your agent about discounts you may be eligible to receive.
Comparison Shopping for Snowmobile Insurance
Working with an independent agent can be very advantageous when you're comparison shopping for snowmobile insurance quotes. Your agent will first discuss your coverage options with you and will then contact several different insurance companies on your behalf.