Cart insurance going through the roof

[PJOHNS2654]

I got new policy on my 2024 Yamaha Quiet Tech. last week from All State. Today Agent called and informed me that Allstate is no longer insuring 2024 Yamahas as "golf Carts" because of "Safety improvements Yamaha has made to the 2024's, making them LSV's. (Low Speed Vehicle.)

Tried to add it to my Geico Policy and they want $525.00 and that does not include Collision or Comprehensive.

[LeRoySmith]

I got new policy on my 2024 Yamaha Quiet Tech. last week from All State. Today Agent called and informed me that Allstate is no longer insuring 2024 Yamahas as "golf Carts" because of "Safety improvements Yamaha has made to the 2024's, making them LSV's. (Legal Street Vehicles.)

Tried to add it to my Geico Policy and they want $525.00 and that does not include Collision or Comprehensive.

there was a recent thread on this topic

https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/golf-cart-insurance-skyrocketing-348190/

[dewilson58]

there was a recent thread on this topic

https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/golf-cart-insurance-skyrocketing-348190/

:bigbow:

[LeRoySmith]

:bigbow:

bout time you bow down to me :boom:

[justjim]

Most of us could see this coming..

[Bill14564]

I got new policy on my 2024 Yamaha Quiet Tech. last week from All State. Today Agent called and informed me that Allstate is no longer insuring 2024 Yamahas as "golf Carts" because of "Safety improvements Yamaha has made to the 2024's, making them LSV's. (Legal Street Vehicles.)

Tried to add it to my Geico Policy and they want $525.00 and that does not include Collision or Comprehensive.

LSV means Low Speed Vehicle. By Florida definition, it is a vehicle capable of more than 20mph but not more than 25mph.

Adding seat belts to a golf cart does not make it a LSV. Increasing the speed of a golf cart above 20mph *does* convert it to an LSV.

Hard to say what the insurance company saw that triggered the LSV. Could it be a Yamaha standard to set the top speed at 25mph? Doesn't seem likely and not according to their sales page. Could it be the vehicle was configured that way at the dealer and that information was passed to the insurance company? Possibly. Could have been something else too.

[asianthree]

But did the other thread list the reason insurance was skyrocketing was the 2024 is now considered a LSV?

I thought thread was about all years of carts, not a specific make or year. Which leads this thread into a new topic of interest. Do you stay away from 2024 because insurance is insane

[Rainger99]

We have a golf cart policy we can write for 2024 carts

The issue isn’t getting a policy. It is the price. What is the price of your policy?

[dewilson58]

bout time you bow down to me :boom:

:clap2:

[rsmurano]

Last year when I was getting golf cart insurance, they asked if the cart had 2 seats facing back because if I did, they wouldn’t cover the cart

[Gunny2403]

Just renewed with Progressive at $109/yr

[jimschlaefer]

I can't speak to 2024 carts specifically, but I insured our 2017 and 2021 carts with Progressive and the total cost was no where near your costs. Progressive treats them as motorcycles or ATVs and as for cost, it all depends how much you want to cover. We figured liability was important. As for collision or replacement, we kept a high deductible to reduce the overall cost, but still not 'break our bank'. If I recall, the total for my Harley and the two buggies was under $350.

[ByebyeMichigan]

No it’s not ….you need to shop around.

[NoMo50]

I got new policy on my 2024 Yamaha Quiet Tech. last week from All State. Today Agent called and informed me that Allstate is no longer insuring 2024 Yamahas as "golf Carts" because of "Safety improvements Yamaha has made to the 2024's, making them LSV's. (Low Speed Vehicle.)

Tried to add it to my Geico Policy and they want $525.00 and that does not include Collision or Comprehensive.

Find an agency, such as Villages Insurance, that writes with Progressive/ASI. We have Progressive for our two carts, 2021 & 2022 Yamahas, with full coverage on both. Just renewed at an annual rate of $209.00 for both.

[CoachKandSportsguy]

If you read up on insurance companies and how they operate, they do a couple of data analysis which affects the premiums on its policies, along with what the regulators tell them are the maximum rates they are allowed to charge.

Pool analysis: The take all their customers and look at different factors for probability of claims.
1) the higher the mileage, the higher the risk of a claim, statistically proven
2) the very inexperienced, the higher the risk of a claim.
3) what additional to house and auto is covered? RVs, trailers, ATVs, boats, etc. . different risk profile
etc.

Regulators have rate regulations, which may not include the what else is covered,
allowing insurance company to increase rates or increase rates on extras more than others.
One is never sure what pool you are in for the insurance rate.

Looks like it worked for you until it doesn't/stopped.

Just find another company, and don't take their pricing personally, its just business.
Don't take corporate coupon policies personally either. .

It is what it is, just find another vendor and move on.

[seecapecod]

I can't speak to 2024 carts specifically, but I insured our 2017 and 2021 carts with Progressive and the total cost was no where near your costs. Progressive treats them as motorcycles or ATVs and as for cost, it all depends how much you want to cover. We figured liability was important. As for collision or replacement, we kept a high deductible to reduce the overall cost, but still not 'break our bank'. If I recall, the total for my Harley and the two buggies was under $350.

Same- 2022 cart- $100/yr

[Lisuccia]

I got new policy on my 2024 Yamaha Quiet Tech. last week from All State. Today Agent called and informed me that Allstate is no longer insuring 2024 Yamahas as "golf Carts" because of "Safety improvements Yamaha has made to the 2024's, making them LSV's. (Low Speed Vehicle.)

Tried to add it to my Geico Policy and they want $525.00 and that does not include Collision or Comprehensive.
I ran into the same problem. My Allstate agent found a policy for me with American Modern for $183 a year. It includes Comprehensive and Collision.

[harby]

What a great rate! Progressive Ins. via Villages Ins. agency just renews my 2018 golf cart policy with my clean driving record for $179, shoot.

[LoisR]

Previously insured with American Integrity ($250-$500k coverage, for $180 per year) to Progressive, for $70 per year. Same coverage. Contact the Villages Insurance.

[Blueblaze]

I think it's an example of the stupidity of Florida insurance companies that they aren't all filling our mailboxes with offers to insure our 20-mph vehicles that probably didn't cost $10K and wouldn't cost them $3000 to replace if you totaled it. But I guess we shouldn't be surprised, since this is the same stupid crew that created the roofing scam with their idiotic "fool-replacement" roof policies.

Why do people think they need to be insured against every trivial risk in this life? Here's a better idea -- take the trivial risk, pocket the premiums, and save your kids from funding your final year on the planet some day. If you somehow manage to wreck your cart beyond your means to repair it, no more golf cart. Big deal. I guess you'll just have to get by with your CAR and renting a cart for golf -- for a grand total of $7 a round. I think you'll survive.

[bassfish]

Just changed over to Progressive, call Westgate Jones Ins. in Leesburg. Total was $136.00

[Jhrath7@gmail.com]

I got new policy on my 2024 Yamaha Quiet Tech. last week from All State. Today Agent called and informed me that Allstate is no longer insuring 2024 Yamahas as "golf Carts" because of "Safety improvements Yamaha has made to the 2024's, making them LSV's. (Low Speed Vehicle.)

Tried to add it to my Geico Policy and they want $525.00 and that does not include Collision or Comprehensive.
Not pointing fingers, but, the way some of these golf carts fly down the roads they are vehicles

[nn0wheremann]

I got new policy on my 2024 Yamaha Quiet Tech. last week from All State. Today Agent called and informed me that Allstate is no longer insuring 2024 Yamahas as "golf Carts" because of "Safety improvements Yamaha has made to the 2024's, making them LSV's. (Low Speed Vehicle.)

Tried to add it to my Geico Policy and they want $525.00 and that does not include Collision or Comprehensive.
Too many folks defeating the 20 mph governor on their golf carts and driving them as LSVs.

[sowilts]

Too many folks defeating the 20 mph governor on their golf carts and driving them as LSVs.
EZGO Elite, USAA comes under an umbrella policy.

[Mleeja]

I think it's an example of the stupidity of Florida insurance companies that they aren't all filling our mailboxes with offers to insure our 20-mph vehicles that probably didn't cost $10K and wouldn't cost them $3000 to replace if you totaled it. But I guess we shouldn't be surprised, since this is the same stupid crew that created the roofing scam with their idiotic "fool-replacement" roof policies.

Why do people think they need to be insured against every trivial risk in this life? Here's a better idea -- take the trivial risk, pocket the premiums, and save your kids from funding your final year on the planet some day. If you somehow manage to wreck your cart beyond your means to repair it, no more golf cart. Big deal. I guess you'll just have to get by with your CAR and renting a cart for golf -- for a grand total of $7 a round. I think you'll survive.

I look at golf cart insurance as protecting me against being sued. I less care about being able to repair my cart. Much like your auto insurance, you carry more liability.

[MaryMS]

Our LSV Atomic golf cart was just renewed with Foremost for $289.

[Oldragbagger]

I got new policy on my 2024 Yamaha Quiet Tech. last week from All State. Today Agent called and informed me that Allstate is no longer insuring 2024 Yamahas as "golf Carts" because of "Safety improvements Yamaha has made to the 2024's, making them LSV's. (Low Speed Vehicle.)

Tried to add it to my Geico Policy and they want $525.00 and that does not include Collision or Comprehensive.

We have our cart insured with Progressive as a motorcycle policy. We pay $155 per year. We paid $193 last year but was given a safe driving discount this year. Ours is not registered as street legal and does not go over 20 mph.

[PurvisT]

Just renewed with Progressive at $109/yr
You're lucky I was quoted 250.00 for 6 months on a 2023 Yamaha gas cart from Progressive Insurance. The rate on the car insurance was good but the cart quote was not, staying with my current company even though rate is up 25% this year.

[Gatorfan1]

LSV means Low Speed Vehicle. By Florida definition, it is a vehicle capable of more than 20mph but not more than 25mph.

Adding seat belts to a golf cart does not make it a LSV. Increasing the speed of a golf cart above 20mph *does* convert it to an LSV.

Hard to say what the insurance company saw that triggered the LSV. Could it be a Yamaha standard to set the top speed at 25mph? Doesn't seem likely and not according to their sales page. Could it be the vehicle was configured that way at the dealer and that information was passed to the insurance company? Possibly. Could have been something else too.

If 17 digits it is a LSV. Some dealers think writing a letter that it is a golf cart will work for insurance company to write as a golf cart. NOPE. Also, I watched a video that was done in The Villages. Golf carts were going faster than 20 mph which makes then LSV. It is going to get harder to insure golf carts.

[Bill14564]

If 17 digits it is a LSV. Some dealers think writing a letter that it is a golf cart will work for insurance company to write as a golf cart. NOPE. Also, I watched a video that was done in The Villages. Golf carts were going faster than 20 mph which makes then LSV. It is going to get harder to insure golf carts.

17 digits of what?

If you are referring to a VIN then yes, it is an LSV. VINs are not assigned to golf carts, extra work is needed to obtain a VIN. One way to obtain a VIN is to go through the process of converting a golf cart to an LSV then arranging the inspections to show it has the required safety equipment and file a form asking that it be assigned a VIN. If all that was done to say, "this vehicle is a LSV with all the required safety equipment and a VIN" then sure, it should be insured as what it is.

I haven't purchased a 2024 Yamaha cart but I'm sure someone on here has. Are they all, every one, without exception, rolled off the assembly line and assigned VINs as LSVs before reaching the dealer in Florida?

I've mentioned before that I have not acquired the skill to tell a fulltime resident from a snowbird from a non-Villager simply by the way they dress. I have now realized that I also have not acquired the skill to determine within one mph the speed a golf cart is traveling. I cannot tell that the golf cart traveling down the MMP along Morse is going faster than 35mph as reported in another thread and I cannot tell that golf carts were going faster than 20mph in a video. I'm definitely feeling like a failure as an observant Villager.

[Robnlaura]

Wait until you see what insurance companies want for homes !! ORLANDO, Fla. —
Following recent major hurricanes like Ian and Nicole in 2022, and Idalia last year, Florida homeowners ought to prepare for increases of up to 23% this year, according to a new report by Insurify.

Condo owners, for example, are bracing for the state to rule on a more than 50% rate hike request by Castle Key and Amica Mutual Insurance companies.

[mrf0151]

So, are we saying here that the 2024 Yamaha golf carts come with a 17-digit VIN number like car does? That is one of the important requirements for LSV designation.
Since Yamaha carts only come with a Serial number, they cannot have an LSV designation from my perspective.
Furthermore, every model year of Yamaha gas cart with the performance gear, some added and some straight from Yamaha that has been sold in the last 25+ years, has the ability to go faster than 20mph.
So, what is so special about the 2024 that it would warrant an insurance company to call it an LSV?
Sounds like you best run away from whatever insurance company is scamming you.

[Gatorfan1]

Our LSV Atomic golf cart was just renewed with Foremost for $289.
Does the policy have no fault (PIP),registered and tagged? If not, you have the wrong policy. LSV has to be on auto policy, not a golf cart policy.