Your age (getting older of course) affects motor vehicle insurance, too. Older drivers, like teenagers, are higher risk and thus, higher premiums for more probability of claims to pay. I've also read here that your credit report score affects insurance rates, too. (People who always pay cash might not have a credit history.)
Be careful of what some are quoting for low, low prices here. I've been told by agents that some customers simply add the cart to their homeowner policy, when actually, they need vehicle-motorist coverages.
It should be a separate golf cart policy (classified as Off-Road Vehicle unless it is Street Legal), with Vehicle Insurance Coverages for:
Part A: LIABILITY
Bodily Injury -- $250,000 ea person/ $500,000 each accident $15.00
PASSENGER LIABILITY - Included
PROPERTY DAMAGE -- $100,000 each accident $5.00
Part B: MEDICAL PAYMENTS -- $5,000 each person $24.00
Part C: Uninsured Motorist -- $250,000 ea person / $500,000 ea accident $59.00
Part D: Damage to your vehicle
COLLISION -- ACV not to exceed $7,295 -- $31.00
Less $250 deductible
Other Than Collision: ACV not to exceed $7,295 -- $26.00
Less $250 deductible
Annual Premium by Vehicle -- $160.00
(This was 2013 Foremost insurance on remanufactured Yamaha gas cart)
P.S. Get quotes from other agencies!
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