I believe that you should not buy insurance solely based on price. In fact, price is not my first priority when buying insurance. You should first decide how much coverage you really need.
Many of the people who are paying $60 to $80 a year are probably carrying $100,000 in liability coverage. Personally, I think that is totally inadequate. I know of a very minor incident where someone ran over a kid's foot in a school parking lot (with a car not a golf cart) and was sued for $250,000. It actually doesn't cost much to increase the coverage.
Also, do you want uninsured motorist coverage. This adds quite a bit to your policy cost but is very worthwhile when you are injured by someone without any insurance. Again, the people who are paying $60 to $80 a year probably don't have this coverage.
Once you decide what coverage you need then you can compare rates and decide on the best policy for you.
Many factors can affect the rates that you pay. Depending on the company - Value of your golf cart, insurance coverage selected, your driving record and your credit score can all affect the rates that you pay.
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