jhwentworth

Snowmobile insurance

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Is anybody seeing an increase in snowmobile insurance rates? There seems to be a big difference in rates between companies. I have 3 sleds coming up for insurance renewals in a month or so and  some insurance companies don't seem to be chasing the snowmobile business;.  One company told me that snowmobile claims usually ended up as a total, so rates had to go up. Maybe you need to have two or more insurance agents to get the best deals.

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Just got my renewal, I’d have to look back at last year but pricing seems in line....$244 if paid in full vs $316 for installments 

I have 1 sled I insure 

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I got a much better price (about half) from this place compared to my local agent, who has my homeowners and car insurance. Wound up with a policy with Progressive. Price was a few dollars higher this year, but not much. 

 

https://www.sledinsure.com/

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Are you saying About half what I’m paying? I have progressive through sledinsure as well....

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No, Progressive was half the price of my local agent. The local agent really didn't seem to know much about insuring sleds, and the price was high. 

 

My sled insurance renews in November, that may make a difference. Price was $394, full coverage on my 2012 Cat TZ1, liability only on my 2003 Polaris Trail Touring. I forget the max liability amount, I think it was just the standard amount. Not exactly high risk sleds...

 

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I went with Kurt Wicks & Allstate this year. $150 total for full boat on two sleds....But they are old crappy sleds. The deductible is $1,000 which is about what my sled is worth. But I have for the Liability anyways, so no big deal. 

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10 hours ago, snorander said:

I went with Kurt Wicks & Allstate this year. $150 total for full boat on two sleds....But they are old crappy sleds. The deductible is $1,000 which is about what my sled is worth. But I have for the Liability anyways, so no big deal. 

Allstate is very reasonable for snowmobile insurance insurance. Not many other companies are even close to their rates, but other carriers might offer better  auto or homeowner rates. Like many things in life, it's complicated. I prefer to have one insurance carrier, but maybe that's not in the cards.

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I have Allstate for my 2012 GSX & 2019 Enduro with full coverage for 12 months. With a $500 deductible. It is just under $400 for the year. It also covers about $3000 worth of options I have installed on the sleds. Plus $1000 coverage on my trailer. My homeowners insurance quoted over $900.

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ICG    5

     The game doesn't change.  .  .  Been this way since I was a kid.

     Insurance companies are whores!  They only want to take your money . . . Easy pickings with minimal risks is their goal.

     Most insurers are not interested, nor knowledgeable enough snowmobiles to persue a niche market.  Such as in any business. you give a shocking quote when you do NOT want the business.

     Snowmobiles are hard to appraise for damage, as there are no Flat Rate crash manuals. .  .  Repairs to snowmobile parts almost nill, Fiberglass is gone, so are the ones that were repaired.  New plastic parts are throw away and expensive.  Straighten a "tweaked"  snowmobile after a collision . . .  There's only one frame machine (advertised) in New England to pull a sled for alignment.

     Three month season, high depreciation, staff that doesn't know what a snowmobile is . . .  Just a problem for the big boys.

     Been a niche business forever . . . Foremost,  Progressive , Allstate and maybe a few small companies persue that market at  competitive rates.

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5 hours ago, ICG said:

     

     Snowmobiles are hard to appraise for damage, as there are no Flat Rate crash manuals. .  .  Repairs to snowmobile parts almost nill, Fiberglass is gone, so are the ones that were repaired.  New plastic parts are throw away and expensive.  Straighten a "tweaked"  snowmobile after a collision . . .  There's only one frame machine (advertised) in New England to pull a sled for alignment.

I agree that sleds are expensive to repair. OEM parts are expensive, and most people demand OEM parts when the insurance company is paying the tab. Some auto insurance companies now require you to accept aftermarket parts of comparable quality, or pay the difference for OEM. For many body parts there are no aftermarket parts. 

I really can't blame the insurance companies for not chasing the snowmobile, or ATV, market. I think some of them offer OHRV insurance as a loss-leader to attract customers, and as a tool to retain customers who have auto and home owner coverage with them, It makes sense for them to keep another insurance company out of the picture if they can.

5 hours ago, ICG said:

     Three month season, high depreciation, staff that doesn't know what a snowmobile is . . .  Just a problem for the big boys.

     Been a niche business forever . . . Foremost,  Progressive , Allstate and maybe a few small companies persue that market at  competitive rates.

If you want to break an insurance agent's heart, just call them and say you want a full package of insurance products, and that you have 3-4 sleds. Many insurance companies just aren't competitive in snowmobile rates. As I read the local newspaper I can usually see one of the reasons for high loss rates. 

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