Where can I find the best Michigan Snowmobile Insurance coverage and still get a Low Rate?

Buying snowmobile insurance in Michigan is easy. But trying to find the right coverage at a reasonable price can be a lot more difficult. There are a few stumbling blocks that you need to avoid when selecting snowmobile insurance. I will go over those and give you some tips on finding a lower rate as well.


The main difference between good snowmobile insurance coverage and bad coverage:


The biggest pitfall I see is when some sledders purchase snowmobile insurance is buying the wrong type of policy. There are basically two types of policies: 1) snowmobile insurance that is attached to their homeowners insurance policy, and 2) exclusive snowmobile insurance that stands alone without being attached to any other insurance policy. A stand alone exclusive snowmobile insurance policy offers far better coverage than a  snowmobile policy attached to a homeowners policy.


There are three major red flags to look out for on an attached snowmobile policy:

• Unreasonable restrictions about where you can go with your sled. Some attached snowmobile policies do not cover you while riding off of your property.

• Some homeowners policies even go as far as only covering snowmobiles while it is "servicing the property" (meaning recreational use is not covered).
• Most attached policies do not offer medical coverage or uninsured motorist coverage. These are both available with stand alone snowmobile insurance.

 Of course, there are exceptions. There are some attached policies that offer adequate coverage just like stand alone snowmobile policies, but not many. If you are considering attaching your snowmobile to a homeowners policy, at least read the fine print of what is covered and what isn't. If you see one of the above red flags, run!!!

Other advantages of having a stand alone snowmobile insurance policy.


Most stand alone snowmobile policies also include additional optional coverages that are not usually available on an attached snowmobile policy:

• Free accessory coverage included with comprehensive and collision coverage (up to a limit which varies by company).
• Canadian coverage is usually available, if not included.
• Roadside assistance.
• Travel trailer coverage - up to $10,000 of coverage is offered.
• Total Loss Coverage. If you have bought a brand new sled, many stand alone snowmobile insurance policies will offer total loss coverage, which would buy you a new sled of the same make and model in the event of a total loss.

The bottom line is this: Stand alone snowmobile insurance policies dollar for dollar offer far better value than a snowmobile that is simply attached to a homeowners policy. The difference in price between the two are usually very minimal.


Tips on how to get the best snowmobile insurance coverage at the lowest rate.


    Now that you know which type of snowmobile insurance policy to buy, the next step is finding out how to get the best rates relative to the value of coverage. Here are some tips on that:

• Unlike auto insurance and motorcycle insurance, snowmobile policies are generally much cheaper. That is due to the fact that a snowmobile is an off-road vehicle which always rates lower than vehicles for road use. It's important to keep that in mind when selecting coverages. Too many people make the mistake of going in with the same mindset as they would if they were buying car insurance.

• Being an off-road vehicle means that liability coverage, medical payments coverage, and uninsured motorist coverage are all usually very cheap. To maximize the value of your policy, always look at the next level higher in coverage for each of these three. Sometimes you'll be amazed at how little the cost increment rises.

• If you want comprehensive and collision coverage on your sled, be sure to look at different costs for each deductible level. Most policies offer levels of $250, $500 or $1000 deductibles. Some companies will also offer lower or higher levels than that. If there's anywhere on this policy that you want to skimp on coverage to save money, these are the two places to do so. By raising the deductible on either comprehensive or collision coverage, it has a much of much more effect on price then the three coverages mentioned above.

• When it comes to selecting or not selecting additional optional coverages, remember that some of the coverages are very worthwhile and inexpensive. But other coverages are merely bells and whistles. Best advice: understand what each optional coverage offers, and then look look at the price and decide for yourself whether or not it's worth having.

• The single best way for you to save the most money on a snowmobile insurance policy is to simply simply shop around with multiple snowmobile insurance companies and compare prices. The more companies you shop around with, the better your chances are of finding the lowest rate. Of course, this can be very tedious and time-consuming. The most efficient way to do this is to get a quote with an independent insurance agent. That way the agent can do all the hard work of shopping around for you versus taking the time to do it yourself one company at a time.

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