Jane Dotson
Golf carts are fun and versatile vehicles, but what happens when something goes wrong? Golf cart insurance is a real thing and it can offer protection from accidents, liability, and damage. While it may not be legally required in some places, it can provide peace of mind for golf cart owners. The cost of insurance varies depending on the type of coverage, with some people paying around $100 per year for liability coverage, and others paying up to $550 for full coverage. It's important to note that golf carts may not be covered by your standard auto insurance policy, so a separate policy may be needed. Some companies even specialize in golf cart insurance, offering tailored solutions for this unique type of vehicle. So, whether you're cruising around the golf course or exploring your gated community, golf cart insurance can provide that extra layer of protection.
| Characteristics | Values |
|---|---|
| Insurers | Nationwide, Prime Insurance Company, Progressive, American Modern Property and Casualty Insurance Company, Allstate, Helmsman Insurance Agency, Country Financial, National General Insurance, Horan Insurance Agency |
| Coverage type | Liability, collision, comprehensive, bodily injury liability, property damage liability, uninsured/underinsured driver, medical payments, custom equipment, roadside assistance, guest passenger liability |
| Cost | $80-$550/year for liability, $105/year for LSV in SC, $142/year for full coverage in GA, $231/year for full coverage, $300/year for full coverage, $100/year for non-comprehensive coverage |
| State-specific requirements | No clear mandate in Central New York, some states prohibit operating a golf cart on public roads, some states have strict personal injury protection (PIP) requirements |
| Other | Some homeowners or auto insurance policies may cover golf carts, but usually only on the policyholder's property |
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What You'll Learn
Golf cart insurance cost
The cost of insuring a golf cart varies depending on several factors, including the age of the driver, their driving history, location, and the specifications of the golf cart. Basic golf cart insurance can cost as little as $75 per year with some providers, but rates can increase with added coverage. For example, comprehensive coverage, which includes damage from fires, theft, and acts of nature, will increase the premium. Similarly, medical payments coverage, which pays for hospital bills in the event of an accident, is an additional cost. This is particularly important if the driver or passengers do not have health insurance.
Some insurance companies offer discounts for bundling golf cart insurance with other policies, such as homeowners or auto insurance. It is also possible to lower the cost of golf cart insurance by paying the annual premium upfront, opting for a higher deductible, or taking a golf cart safety course.
The cost of golf cart insurance can vary significantly depending on the state and the specific circumstances of the driver and the vehicle. For example, in Florida, some users have reported paying around $400 every six months for PIP insurance, while others pay as little as $8 per month for liability-only coverage. In South Carolina, the cost of insuring a golf cart as a Low-Speed Vehicle (LSV) is around $55 per month, while insuring it simply as a golf cart is about $8 per month.
It is worth noting that golf cart insurance is not always covered by car insurance or homeowners insurance. Some insurance companies offer coverage for golf carts under a motorcycle policy that has been adapted for a golf cart, including guest passenger liability insurance. It is important for golf cart owners to carefully review their insurance policies and understand the limits of their coverage to ensure they are adequately protected.
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Golf cart insurance providers
Golf cart insurance is a type of coverage that protects golf carts from various risks, including accidents, theft, and damage. It works similarly to auto insurance, offering various levels of coverage based on specific needs. Some insurance companies that provide golf cart insurance include:
GEICO
GEICO offers golf cart insurance that provides coverage for the cart itself, as well as liability protection in the event of an accident. Their policies include liability insurance, comprehensive insurance, and collision insurance. They also offer additional protections like uninsured motorist coverage and roadside assistance.
Progressive
Progressive offers customised golf cart insurance coverages, including liability insurance, guest passenger liability, uninsured motorist coverage, comprehensive coverage, and medical payments coverage. They also offer discounts for bundling with other insurance policies and for paying the golf cart insurance policy upfront and in full.
Nationwide
Nationwide provides golf cart insurance that includes medical payments, custom equipment coverage, and roadside assistance. Their policies can also protect against uninsured drivers and hit-and-run accidents. They offer coverage for golf carts used on public roads, but cannot insure carts licensed for on-road usage in certain states with strict personal injury protection requirements.
Prime Insurance Company
Prime Insurance Company offers specialty liability insurance for property owners and businesses that use golf carts, even if they rent or lease the vehicles. They provide defence in the event of an incident or claim and have a flexible underwriting team that can create innovative insurance policies. They also have risk management expertise and financial stability, with an "A" (Excellent) rating from AM Best.
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Golf cart insurance requirements
Golf cart insurance works similarly to auto insurance, offering various levels of coverage based on specific needs. Golf cart insurance policies typically include liability coverage, comprehensive insurance, and collision insurance. Some policies also offer additional protections, like uninsured motorist coverage and roadside assistance.
Liability insurance can help protect golf cart owners from accidents and liability. For instance, bodily injury liability insurance covers costs due to injuries caused to another person, including necessary medical bills. Property damage liability insurance, on the other hand, covers damages to someone else's property. Comprehensive insurance covers loss or damage to your golf cart from events beyond your control, such as theft, vandalism, glass breakage, fire, hitting an animal, or severe weather. Collision insurance covers repairs or replacement if your golf cart is damaged in an accident, regardless of who is at fault.
In some communities, golf cart insurance may be mandated by law, especially where golf carts are commonly used for transportation on public roads. Even if it isn't required, golf cart insurance is essential for avoiding financial risk and ensuring sufficient protection when operating a golf cart.
Some golf carts may be covered under a homeowner's insurance policy, as long as they remain on the owner's property. However, once the golf cart leaves the owner's property, homeowners insurance typically will not provide coverage. Similarly, a standard car insurance policy usually won't cover a golf cart, although it may be eligible for some coverage as part of an auto insurance policy.
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Golf cart insurance types
Golf cart insurance is similar to auto insurance and provides liability protection for damage or injury caused while driving. It also includes coverage for the cart itself. The type of insurance you need depends on where and how you use your golf cart. Some insurance companies that offer golf cart insurance include Progressive, GEICO, Prime Insurance Company, and Nationwide.
Standalone Golf Cart Insurance Policy
You can buy golf cart insurance as a standalone policy, with an average cost of $75 a year. This type of insurance provides coverage for the golf cart itself, as well as liability protection in the event of an accident. It can also include add-ons like roadside assistance.
Homeowner's Insurance Policy
Some golf carts may be eligible for coverage under a homeowner's insurance policy, as long as you stay on your property. You may be able to add your golf cart to your existing homeowner's insurance policy, depending on the insurance company. However, your homeowner's insurance may not cover you if you use your golf cart away from your property.
Multi-Vehicle Insurance Policy
Multi-vehicle coverage allows policyholders to insure multiple vehicles, such as cars, motorcycles, and golf carts, under a single insurance plan. This approach simplifies policy management and can provide significant discounts on the overall cost of insurance.
Golf Cart Liability Insurance
Golf cart liability insurance can protect you if you injure someone or damage their property while riding your golf cart. It can also cover court costs and legal fees up to the limits of your policy. Guest passenger liability can pay for injuries to passengers riding in your golf cart. Uninsured motorist coverage protects you if an uninsured or underinsured driver damages your golf cart or causes injuries to you or your passengers.
Comprehensive and Collision Coverage
Comprehensive coverage protects against non-collision incidents, such as theft, vandalism, or natural disasters. Collision coverage, on the other hand, pays for repairs or replacement if your golf cart is damaged in an accident, regardless of who is at fault. If you carry both comprehensive and collision coverage, you may also receive accessory coverage for any upgrades you have made to your golf cart.
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Golf cart insurance advantages
Golf cart insurance provides liability protection and may include physical damage coverage for the cart. It is similar to an auto insurance policy, protecting you and your golf cart from accidents, damage, and liability. Here are some advantages of golf cart insurance:
Liability Protection
Golf cart insurance can provide liability coverage for any injuries or damage caused while driving the golf cart. This includes bodily injury liability, which covers medical expenses for injuries caused to another person, and property damage liability, which pays for any damage to someone else's property. This protection can be vital if you are found liable for an accident, helping to cover legal fees and court costs.
Comprehensive Coverage
Golf cart insurance can also offer comprehensive coverage, which includes protection against fire, theft, and weather damage. This type of coverage typically handles most types of non-collision damage, such as vandalism or hitting an animal. Comprehensive coverage ensures that you are protected against a wide range of potential issues, giving you peace of mind.
Guest Passenger Liability
If passengers are riding in your golf cart and they get injured, guest passenger liability coverage can pay for their medical expenses up to your policy's limits. This coverage is especially important if your passengers don't have their own health insurance. It demonstrates how golf cart insurance can directly benefit not only the owner but also their passengers.
Uninsured Motorist Coverage
Golf cart insurance can protect you if you or your golf cart is damaged by an uninsured or underinsured driver. This type of coverage ensures that you are not left bearing the full cost of repairs or medical bills in such situations. It is an important safeguard, given that not all golf cart users may have adequate insurance.
Custom Equipment Coverage
Golf cart insurance can also cover any aftermarket parts and equipment installed after the cart left the manufacturer. This includes custom bodies, lift kits, engine modifications, and even accessories like a stereo or custom steering wheel. This coverage ensures that any personalisation or enhancements made to your golf cart are protected.
While golf cart insurance may not be required in all states, these advantages highlight the value of having a dedicated policy. It ensures that you, your passengers, and your golf cart are adequately protected, providing financial peace of mind in the event of accidents, damage, or liability claims.
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Frequently asked questions
It depends on where you live and how you use your golf cart. While some states require insurance for golf carts, others do not. If you only use your golf cart on a golf course, you may only need minimal coverage, but if you use it for transportation, you should consider additional coverage.
Golf cart insurance can cover financial protection in the event that you injure someone or damage property, investment security against theft, vandalism or weather damage, and liability coverage extension beyond your community.
The cost of golf cart insurance varies depending on the coverage options you choose and the company you insure with. Comprehensive coverage can cost anywhere from $100 to $550 per year.
In some cases, you may be able to add an endorsement to your existing homeowners or auto insurance policy. However, it is best to speak with your local agent to determine the specific coverage you need.
Some companies that offer golf cart insurance include Prime Insurance Company, Nationwide, American Modern Property and Casualty Insurance Company, and National General Insurance.
