OK folks, time to clear this issue up. I registered my new 2008 Tomberlin E-Merge 2 LSV with Allstate for $210. It would have been more like 180 if I had also registered my full sized vehicle with them too.
The insurance policy is for an OFF-ROAD VEHICLE. That’s important to understand because that’s why it’s so low. Those that were quoted $400-500 for insurance is probably because their insurance company doesn’t offer that kind of policy. Google “off-road vehicle insurance” to find other insurers that offer this and get quotes from them.
So let’s say you’re insuring your regular and LSV vehicles with the same company. $180 for insurance and $45 for annual registration is $225. But since the annual insurance for a regular golf cart is ~ $70 the net outlay for the LSV is $155/yr. So it would take 29 years to offset the $4500 tax credit.
Edit Note: The Off-Road Vehicle insurance was actually the wrong type of policy as noted in another post I made further down in this discussion thread.
Last edited by EdV; 10-29-2009 at 04:12 PM.
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