Trailer Insurance

Finding the Best Trailer Insurance

(So you can keep on trucking)

July 3, 2018
SUV with trailer and jet ski

Whether you’re haulin’ horses or tuggin’ boats, navigating with a trailer isn’t as easy as it may sound. Even if you are the Tri-State area’s reigning Most Cautious Driver Award winner. Accidents are unexpected and avoiding them can be more difficult when you have something hitched behind you.

Finding top coverage for your trailer is a trip no driver should go alone. Our independent agents will be there to guide you through a handpicked selection of options to make sure you and whatever you’re pulling are properly protected.

What Are the Different Types of Trailers?

Our agents will help find the right insurance for all types of trailers, just like these:

  • Horse trailers
  • Livestock trailers
  • PWC trailers
  • Boat trailers
  • Auto trailers
  • Camping trailers
  • Commercial trailers (used to transport equipment or goods used in a business)

Is Trailer Insurance Required?

Nope. Trailer insurance is not required by law. But, in many cases, your auto policy will extend to your trailer. However, it will typically only apply to liability coverage. 

If it doesn’t, or if the trailer’s contents are critical to you or your business, a more substantial insurance policy would definitely be a good investment.

What Does Trailer Liability Insurance Cover?

Trailers can cause some pretty serious property damage and injuries. Misjudging turns, colliding with objects. and clipping other cars are all too common trailer mishaps. 

Sometimes, the extension of liability coverage from your auto policy is enough to protect you. At other times, it’s not. That’s why trailer insurance was invented, to help cover things like:

  • Liability coverage: You can increase the liability limits beyond the coverage under your auto policy to help cover medical damage, legal fees, property damage, etc.
  • Comprehensive coverage: This is designed to help you with repairs if your trailer is damaged by theft, vandalism, fire or severe weather.
  • Collision coverage: Ready to lend a helping hand with repairs if your trailer gets damaged in a traffic accident.
  • Contents coverage: If you’re using a trailer to transport personal items, or for business, you may want to tack this on in case of damage.

How Much Does Trailer Insurance Cost?

The cost of your trailer insurance will be based on coverage and a number of other things like location and its total value.

With most lower-cost trailers, you can typically add coverage to your homeowners, renters or auto insurance policies, sometimes at no additional cost. But if you’re hauling a horse trailer with sleeper space, you’re gonna want a separate policy. One that’s filled with collision and comprehensive coverage. 

Some other factors that will affect your trailer insurance premium are:

  • Size of the trailer
  • How you use it
  • How often you use it (year-round, seasonally or just weekends)
  • How much it’s on the road
  • If it only stays on your ranch (you still might want to cover that trailer with comprehensive coverage in case of storm damage or some other unexpected event)

The Benefits of Bundling Trailer Insurance

Keeping your insurance policies together is always a good idea. First off, it makes filing a claim easier when you only have to go through one agency. 

Second, you can get yourself a nice little discount by bundling your trailer and your home or renters, auto, and umbrella policies together.

Insurance in Minutes.

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Comparing Trailer Insurance Quotes

Our agents will review your needs and help you evaluate the trailer coverage that makes the most sense. They’ll also compare insurance policies and quotes from multiple carriers to make sure you have the right protection in place. 

chart on adding trailer insurance coverage

Why Go with an Independent Agent?

Independent agents will walk you through a handpicked selection of policies from all the top trailer insurance carriers. Not only that, they’ll cut the jargon and clarify the fine print, so you know exactly what you’re getting.

Most importantly, they’ll be there to help you file a claim. The outcome of insurance claims can be strongly impacted by how the process is approached and handled.

TrustedChoice.com Article | Reviewed by Paul Martin

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