Get Colorado Snowmobile insurance quotes, cost & coverage fast. Find affordable CO snowmobile insurance coverage for your sled and get out and ride.
CO Snowmobile Insurance
For a great number of people, the onset of winter means something more exciting than rising up in the wee hours the morning to shovel the driveway and drink hot cups of coffee. For snowmobilers, there is no better feeling than reveling on the powdery white snow across the plains and mountains on your snowmobile.
Snowmobiling is a fun activity for the entire family, but running on to a tree stump, or any other kind accident is fun - especially if you are not covered with Colorado snowmobile insurance.
To get some context about why you need Colorado snowmobile insurance, here are some interesting facts and statistics:
Snowmobiling is gaining popularity. Currently, there are over 1.4 million snowmobiles are registered in the USA, and this number keeps rising each year. An average snowmobiler rides about 920 miles per year across 225,000 miles of marked and maintained snowmobile trails in North America. With so many machines on the trails today, this has significantly increased the risk of accidents more particularly in protected areas such as national parks.
Though not all states, twenty-three states require snowmobilers to carry insurance. It is expected that other states will soon follow suit. Even if your state does not require you to carry insurance, you are likely to face problems when traveling across states that have insurance requirements. Moreover, having insurance not only protects your investment but also your well-being in the event of an accident that can harm you, a passenger, a hiker along the trail, another snowmobiler or any other property.
What Does Colorado Snowmobile Insurance Cover?
While there are many optional coverages available, the main parts of a Colorado snowmobile insurance policy are:
Liability: Liability insurance is used to cover damage caused by a rider to another vehicle, Colorado Snowmobile, individual, or property when the accident is proven to be the rider's fault. The property damage coverage on the other hand helps you pay the costs of repairs in case you cause accidental damage to someone else's property while riding your Colorado Snowmobile. It also covers the cost of repairs to damage done to another Colorado Snowmobile.
Comprehensive and Collision: This coverage is meant for repair and replacement costs of your snowmachine following an accident, without consideration as to who is at fault. The cost of comprehensive and collision coverage is largely influenced by the value of the Colorado Snowmobile.
Instances of fire, vandalism, theft, and weather damage, falling objects, smoke wind and sinking through the ice on a frozen river or lake are covered by comprehensive coverage, while collision coverage is used to fund repairs or replacement when the Colorado Snowmobile is involved in a collision. You could be riding at a safe speed, and still hit objects like a stump, a rock, a fallen branch, a deer or collide with another CO snowmobile. The damage could be minimal, or extensive. Whichever the case, repairs can be expensive; having a collision cover will save you the agony of repair expenses or even having to buy a new snowmobile.
Medical Coverage (PIP): In some states insurance companies are required by law to include medical coverage in all Colorado snowmobile insurance policies, although the specifics involved in this coverage vary widely. Medical coverage is meant to cover medical bills resulting from an accident.
Underinsured and Uninsured Motorist: Underinsured and uninsured coverage is not typically mandated by law; however it's a cheap and often very smart way to protect a rider against other riders who may not have sufficient coverage or any insurance coverage at all. Because it's cheaper than the other parts of your insurance policy, uninsured and underinsured motorist coverage is recommended by most road safety authorities.
What Colorado Snowmobile Insurance Doesn't Cover
Colorado Snowmobile insurance typically does not cover:
- Using your CO snowmobile as a delivery service or a taxi. So if you deliver packages, food, etc., or if you charge to take people places, you probably won't have coverage.
- Racing or stunts: If you participate in any kind of organized racing, your Colorado Snowmobile insurance won't cover your bike.
- Intentional acts: If you intentionally run someone down on the trail and damage someone or something, your Colorado Snowmobile insurance won't apply.
- Committing criminal acts: Even if you're not charged with or convicted of a crime, any injuries or damages resulting from criminal acts aren't covered by your Colorado Snowmobile insurance.
How Much Does Colorado Snowmobile Insurance Cost?
How much does Colorado snowmobile insurance cost? The average price of CO Snowmobile insurance varies widely based on certain factors. The premiums vary depending on the company and their underwriting rules, and it depends on the coverages and deductible selected. It can be as low as around $90 to $110 per year if you buy liability coverage only. Most packages average between $2900 to $405 dollars annually all in.
The mistake that a lot of people make is that they assume that their CO snowmobile is covered under other insurance policies such as renters, homeowners, or auto insurance policies. Be sure to check with your agent to see what coverage you need to hit the trails knowing you are covered.
CO Snowmobile Insurance Quotes
Request a Colorado Snowmobile Insurance quote in Alamosa, Arvada, Aurora, Boulder, Brighton, Broomfield, Castle Pines North, Castle Rock, Canon City, Centennial, Colorado Springs, Commerce City, Craig, Delta, Denver, Durango, Englewood, Erie, Evans, Federal Heights, Firestone, Fort Collins, Fort Morgan, Fountain, Frederick, Fruita, Glenwood Springs, Golden, Grand Junction, Greeley, Greenwood Village, Johnstown, Lafayette, Lakewood, Littleton, Lone Tree, Longmont, Louisville, Loveland, Montrose, Northglenn, Parker, Pueblo, Rifle, Steamboat Springs, Sterling, Superior, Thornton, Trinidad, Westminster, Wheat Ridge, Windsor and all other cities in CO.
Colorado Insurance Regulations & Limits
When it comes to insurance regulations in Colorado, there are a few things that you want to be aware of. Let's take a look at the laws and rules surrounding insurance in CO.
Colorado Commercial Insurance
The most common type of business insurance is liability insurance. Commercial liability insurance is required to cover things like property damage, bodily injury, personal injury, advertising injury and legal defense and judgments. Colorado is a fault state, and businesses are not required to carry liability insurance in order to operate. There is a cap on damages that are not economic set at $468,010 with a higher limit set at $936,030 for non-economic damages in which it can be proven that the original damage amount is too low. However, these cases are rare.
Punitive damages in exemplary damages are almost unheard of in Colorado, but there is no limit on economic damages. The statute of limitations to file against types of damages is two years - or three years if the damages were sustained in a vehicle. Most experts recommend the businesses carry anywhere from $500,000 to $1 million in general liability coverage.
The only other requirements for businesses that you need to be aware of is the requirement for any business that hires hourly or wage employees to carry Worker's Compensation insurance and for those same companies to have minimum insurance coverage on their vehicles which for a vehicle used for business purposes means that you will have to purchase a commercial auto insurance policy.
CO Personal Insurance
The most common type of personal insurance is the one that everyone is required to have - auto insurance. The law requires that you have at least $25,000 per person and at least $50,000 per accident in liability insurance; as well as an additional $15,000 for property damage. These are the main regulations covering auto insurance in Colorado and they are very similar to the regulations found in most of the other states.
The only additional regulation that you need to be aware of when it comes to personal insurance has to do with life insurance. If you have life insurance, your insurance provider is required to give you a one month grace period before they can cancel your policy due to nonpayment. This protects consumers against having policies canceled due to having a late payment. This is the only regulation you should know when it comes to life insurance.
If you are looking for state specific Snowmobile insurance quotes, costs and information: California Snowmobile Insurance, Colorado Snowmobile Insurance, Delaware Snowmobile Insurance, , Illinois Snowmobile Insurance Kentucky Snowmobile Insurance, New Jersey Snowmobile Insurance, New York Snowmobile Insurance, Oregon Snowmobile Insurance, Pennsylvania Snowmobile Insurance, Texas Snowmobile Insurance, Washington Snowmobile Insurance.