Golf carts are an expensive investment. Therefore, it’s only fair to want to protect the value that you’ve invested in them. The best way to protect that investment is by getting golf cart insurance. So, how much does golf cart insurance cost?
Golf cart insurance covered by your homeowners insurance is around $6 a month. A separate golf cart insurance costs around $7 a month. On the other hand, a modified or ATV golf cart insurance costs around $100 a month.
In this article, we’ve covered everything you need to know about golf cart insurance. Let’s get started!
Table of Contents
How Much Does Golf Cart Insurance Cost?
There isn’t a set price for golf cart insurance. This is because the cost depends on several factors, such as:
- The state you live in
- The coverage you choose
- The type of golf cart you have
- Where you plan to drive your golf cart
- Whether you get separate insurance or homeowners insurance
If you’re a homeowner, you can add your golf cart as an endorsement to your homeowners insurance. This can cost you around $6 per month.
In case you get a separate golf cart insurance, it can cost you around $7 per month. A modified golf cart, however, will cost you around $100 per month.
Do I Need to Have Golf Cart Insurance?
The simple answer is that it depends on the state you live in. Some states require golf cart owners to have insurance, while others don’t.
Whether your state obligates golf cart insurance or not, it’s still important if you want to protect your vehicle. However, the type of insurance you buy depends on the type of golf cart you own and how you use it.
Let’s take a look at the three different types of golf carts along with what insurance is best for them:
1. Standard Golf Cart
A standard golf cart is used only on the golf course or on your private property. This is why it’s usually added to the homeowners insurance.
However, if you plan to drive your basic golf cart outside of the golf course, it’s best to get separate golf cart insurance through an auto insurance company.
This is because the homeowners insurance policy for standard golf carts only covers damages done to your cart in the perimeters of a golf club or your private field.
2. Modified Golf Cart
As the name implies, a modified golf cart is one that’s been enhanced with additional features. These modifications can include adding bigger tires, upgrading the engine, or increasing gas power.
For example, a standard golf cart has a top speed of 14 miles per hour. A modified golf cart, on the other hand, can be upgraded to go up to 30 miles per hour. Other upgrades can include safety features, such as seat belts and rearview mirrors.
Modified golf carts are typically driven on golf courses and around the neighborhood only. Because modified golf carts and low-speed vehicles are rather similar, the best type of insurance to get for a modified golf cart is auto insurance for low-speed vehicles (LSVs).
3. ATV Golf Cart
ATV golf carts are typically driven on the golf course as well as on the streets. You can drive an ATV golf cart to play golf, commute to places, or for leisure purposes.
Because ATV golf carts are driven in several places, it’s best to get auto or umbrella insurance.
What Does Golf Cart Insurance Cover?
Golf cart insurance works by covering the cost of every damage either done to or caused by your golf cart.
That said, the type of insurance depends on the insurance company you choose and the coverage you select. So, let’s look at some standard golf cart insurance coverage.
1. Property Damage Liability
Property damage liability covers any damage or destruction caused by your golf cart either on personal or public property.
For example, if you get into a golf cart accident that damages someone’s mailbox, fence, vehicle, or even house, property damage liability can help you pay for the damages.
2. Bodily Injury Liability
Bodily injury liability includes expenses for injuries you cause other people. These can include medical bills or legal defense fees in case the other party chooses to sue you.
Other expenses can include lost wages. This means if the person you injured is unable to work due to the accident, your insurance will compensate for their lost income. The amount will depend on how long they’re unable to work.
In extreme cases, it can cover funeral expenses. Note: Bodily injury liability doesn’t cover medical costs for your injuries.
3. Guest Passenger Liability
Similar to motorcycles, or any vehicle registered under a motorcycle insurance policy, golf cart insurance coverages can include guest passenger liability.
This means that the insurance company is responsible for the medical bills of your injured passengers.
4. Collision
Collision coverage pays for damages done to your golf cart. This includes minor issues, such as scratches or dents as well as severe problems, namely having your cart totaled.
Collision insurance pays for casualties caused by accidents or in the case of a rollover. It also covers expenses regardless of whose fault it was.
5. Comprehensive Damage
Comprehensive insurance covers damages caused by natural disasters, such as hurricanes, tornados, and floods. Additionally, it includes coverage for theft, vandalism, or falling objects such as trees or tree branches.
How Can I Save on Golf Cart Insurance?
Golf cart insurance can sometimes be a little pricey, especially if you own a modified or ATV golf cart. It can cost even more depending on how much coverage you buy from your insurance company.
Luckily, there are a few ways to save money on your golf cart insurance. Here’s what to do:
- Explore bundling discounts
- Check if you’re eligible for a homeowners discount
- Drive safely
Final Thoughts
Getting insurance on your golf cart is always a great way to keep your vehicle and wallet safe, but how much does golf cart insurance cost?
The price you pay is determined by the type of golf cart you own, as well as the level of coverage you choose. The most important thing, though, is to choose an insurance company you trust.
