Golf Cart Insurance.

[DanfromNC]

We are new to TV and have recently ordered our first golf cart. I started investigating golf cart insurance, and was shocked to be quoted $260.00 for 12 months of coverage. I was informed that the rate was based on the value of the cart ($10,000) and our lack of experience as "golf cart drivers." Is this price in line with what others are paying? If not, may I ask who you are insured through?

[Gator Fan]

Allstate for around $60 per year

[spofford]

Foremost insurance is who I use. Never heard of golf cart driver experience for premium rating, car driving record,yes.

[villagetinker]

AAA a little higher, around $100, 2 drivers, as I recall.

[champion6]

<snip> I started investigating golf cart insurance, and was shocked to be quoted $260.00 for 12 months of coverage. I was informed that the rate was based on the value of the cart ($10,000) and our lack of experience as "golf cart drivers." <snip>Those reasons sound bogus to me - especially the second one. Rates for normal golf carts run about $100 +/- $30. IF you have purchase a Street Legal cart, you are going to be quoted higher rates.

[JoMar]

We are new to TV and have recently ordered our first golf cart. I started investigating golf cart insurance, and was shocked to be quoted $260.00 for 12 months of coverage. I was informed that the rate was based on the value of the cart ($10,000) and our lack of experience as "golf cart drivers." Is this price in line with what others are paying? If not, may I ask who you are insured through?

Who quoted you that price? We pay $125.00/yr for 2 new golf carts, have the same coverage as I have on our car and it's also included in our umbrella.

[ukbill70]

Two Golf carts with Progressive from AAA Husband and Wife $90 per year and that was from day one, ie no golf cart driving experience. Just renewed last week same premium.

[asianthree]

State Farm $82.00 a year. OP who is the company who is quoting you

[obxgal]

"Lack of experience as "golf cart drivers", has a lot to do with the price being higher. I remember questioning that 8 years ago and was told they require 3 to 4 years experience.

[sunnyatlast]

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!

[Rango]

I got coverage through The Villages Insurance Co. for about $100/year on a new cart.

[OBXNana]

I have hesitated to say this, because I don't want to offend you in any way, but when you get a quote for insurance your credit report is pulled. I am not implying you have poor credit and in this day and age of identity theft, you may want to explore how the insurance determined your rate.

[ureout]

when you do get golf cart insurance it's usually about $100... do not get a add on to your homeowners insurance....a separate policy is better....any type of claim could effect your H.O. policy including possible cancellation....

[Navy (SSBN 633)]

Foremost Insurance here....190.00 for two less than 5 year old carts

[bimmertl]

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!

This is the only valid post on this thread so far and it hits the nail on the head. You can't just throw numbers out as to what you pay for golf cart insurance. You need to know what coverages you are buying. The list of coverages provided by this poster are the coverages every Villager should request and as stated, with most companies it will be a separate policy. Street legal carts will cost more.

If you are paying $100 a year or less you are most likely underinsured for all the risks you are exposed to in The Villages.

[RErmer]

Progressive $90 for 2 carts and drivers. probably helps that our auto insurance is with them, too. Never asked about experience driving a cart!

[dbussone]

This is the only valid post on this thread so far and it hits the nail on the head. You can't just throw numbers out as to what you pay for golf cart insurance. You need to know what coverages you are buying. The list of coverages provided by this poster are the coverages every Villager should request and as stated, with most companies it will be a separate policy. Street legal carts will cost more.

If you are paying $100 a year or less you are most likely underinsured for all the risks you are exposed to in The Villages.

Bimmer - I have a fairly expensive cart only policy. If I also have an umbrella policy should I look at a less comprehensive cart policy?

[logdog]

Foremost through TV Insurance provides 100K/300K/100K liability coverage plus 5K medical per person with $250 deductible for $58 per year. Two drivers and little cart experience before living here. Rates have not changed in 5 years.

[bimmertl]

Bimmer - I have a fairly expensive cart only policy. If I also have an umbrella policy should I look at a less comprehensive cart policy?

In order to get an umbrella policy you need to have "required" underlying limits on all of your other policies. My umbrella requires underlying limits of 250/500/100 on auto and golf cart policies. I believe those limits are pretty common for most umbrellas.

The intent of an umbrella is for more or less for catastrophic losses and not to be the primary policy relied on in most situations. So the high underlying limits are needed.

[dbussone]

In order to get an umbrella policy you need to have "required" underlying limits on all of your other policies. My umbrella requires underlying limits of 250/500/100 on auto and golf cart policies. I believe those limits are pretty common for most umbrellas.

The intent of an umbrella is for more or less for catastrophic losses and not to be the primary policy relied on in most situations. So the high underlying limits are needed.

That makes sense. Thanks very much.