With over 90 thousand snowmobiles registered each year, many Maine residents and customers have asked the question, Is snowmobile insurance required in Maine?
Although it is required in some states, Maine Snowmobile Law does not require riders to carry snowmobile insurance. However, if you are buying a new sled and are getting it financed, the lender will typically require you to buy insurance. Regardless of the Maine requirement, snowmobile insurance may help protect you from expenses associated with injury and property damage, whether yours or someone else’s. These can include payments for another person’s medical costs and property damage as well as your legal fees and the costs of a lawsuit.
If you have adequate snowmobile liability insurance, you will be covered if another person files a claim against you for damages or injuries you cause. If you have collision and comprehensive coverage, you may be able to file a claim for your injuries or damage to your vehicle, whether it is caused by another person, a collision with an object or a fall through the ice. You may also be able to file a claim if your snowmobile is stolen.
How Much Does Snowmobile Insurance Cost?
The cost of insurance for your sled varies depending on the coverage you buy and the type of machine you drive. It can be as low as around $80 to $100 per year if you buy liability coverage only. Most packages average between $300 to $400 dollars annually.
An insurance company will consider a number of issues when quoting the cost of a policy, including:
- The make and model of the snowmobile
- The state or area where you live
- Where you will ride
- The age of the driver using the snowmobile
- Whether you will take passengers and/or allow others to ride your snowmobile
- The intended use of the machine such as pleasure, business or racing
- The deductible you choose
- Type of coverage you buy and/or optional coverage
Need Snowmobile Insurance?
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Coverage Information Courtesy of: www.trustedchoice.com