Expect to pay $50 to $150 per year for golf cart insurance on a standard golf cart. The cheapest golf cart insurance is an endorsement for your homeowners insurance policy. Alternatively, a standalone golf cart policy costs around $10 to $15 per month if you’re driving it to and from the golf course or in a golf course/retirement community.
Full Answer
Is my golf cart covered under my homeowners policy?
Some golf carts are eligible for coverage under a homeowners insurance policy, as long as you stay on your property. Others are eligible for some coverage as part of an auto insurance policy. However, the best way to protect your golf cart is with an insurance policy than can be specially tailored for it.
How much is liability insurance for a golf cart?
Your golf cart insurance cost will vary by insurer and coverage needs, among other rate determining factors. Here is some general information on monthly costs: You may pay as little as $4 a month. If you add golf cart coverage to your current homeowner's insurance. You may spend about $12 a month. If you buy a standalone golf cart policy.
What insurance do you need for a golf cart?
- Golf cart insurance is an insurance policy that covers damage to your golf cart and damage that your golf cart causes.
- Buying golf cart insurance depends on where you ride and how you use your golf cart.
- It covers bodily damage liability, property damage liability, collision and comprehensive damage to your cart.
Do golf carts need insurance?
Yes, there is special golf cart insurance. You may need special golf cart insurance if required by your state, city, or HOA. However, if you are using your golf cart for normal purposes (on your own property or at a golf course), then your homeowners insurance should cover your liability.
What is the best way to insure a golf cart?
If you plan to drive your golf cart on public roads, you're better off getting golf cart insurance through an auto insurance company or a speciality policy, like an “off-road vehicle” policy.
Is it worth it to buy your own golf cart?
All around, a golf cart is just super affordable and can be very easy on your wallet! Fuel Savings: You will save a tremendous amount of money on gas when you own a golf cart. Since most golf carts are powered solely by electricity, you will have no need to buy fuel to use them at all.
What is golf cart insurance called?
Also known as “other than collision,” this coverage can help pay for damage to your golf cart from vandalism, theft, weather events and falling objects. Helps protect you and your golf cart from uninsured drivers and hit-and-run accidents.
How much does golf cart insurance cost in Florida?
If your golf cart is not registered with the FL DMV, you should be able to cover your Golf Cart with a simple endorsement to your home insurance or a stand-alone Golf Cart insurance policy. The cost of both options is relatively small (usually between $70-$150 per year), but I'd strongly suggest the stand-alone policy.
Do golf carts hold their value?
Golf cart everywhere A product that is accepted by the majority in a market will hold its value because there will always be someone interested in buying what you have. The golf cart has universal application as it can be used by both old and young, rich and poor.
How long will a 48v golf cart run?
electric golf carts, a common question is, “How far will my electric golf cart go on a full charge?” The average range of the electric golf cart is 8-10 miles on a lead-acid battery. Lithium batteries cover up to 100 miles on a single full charge.
Do golf buggies need insurance?
Most clubs require you to have Public Liability when using a Golf Buggy. All Golf Care insurance policies come with Public Liability when using a buggy. If you want to protect your buggy for theft, loss or damage you should add Golf Buggy Insurance to your policy.
Do golf carts have titles?
Golf carts do not have titles like cars, so a serial number is the first thing you should check for if you want to buy a golf cart from an individual. "If it doesn't have a serial number on it, that's a good indication or red flag that you really need to do some checking on it or stepping away from it," Miller said.
How much is a 2006 ezgo golf cart worth?
How much is a 2006 EZGO golf cart worth? The average price of a 2006 EZGO golf cart is about $2,500. The price of the golf cart depends on whether it's a gas cart or an electric cart.
Is golf cart insurance required in Florida?
Florida doesn't require insurance for golf carts. But low-speed vehicles, or LSVs, are a separate category from golf carts in Florida and are required to have minimum liability coverage.
Do golf carts need license plates in Florida?
Golf carts are not required to be titled or registered and, therefore, are not required to be insured with PIP and PDL insurance coverage.
How much is golf cart insurance in the villages?
Golf car insurance is relatively inexpensive compared to the cost of being liable for injuries to another person. Generally starting around $80, premiums may vary depending on the coverage you choose to carry and the age and model of your golf car.
How long do golf cart engines last?
Golf Cart Motor Just like solenoids (mentioned above), your golf cart motor works HARD. When properly taken care of, the typical gas or electric golf cart motor can last many, many years (20 to 30+).
What is the cheapest price for a golf cart?
On average, most golf carts will cost between $8,000 and $9,000. However, some golf carts can be priced as low as the $2,500/$3,000 range and some luxury golf carts can be priced at over $20,000. It depends if you're shopping for a new golf cart or a used golf cart.
What is the depreciable life of a golf cart?
Generally vehicles have a class life of 5 years . That is in the consideration used 100% business use. Enter as an asset and depreciate 5 years.
How much is a used golf cart?
Used golf carts, on average, cost around $5,000 – $6,000.
Will my car insurance cover my golf cart?
A typical car insurance policy might not cover a golf cart. That’s because defining a golf cart as an auto is tricky. If it’s a low-speed vehicle a...
Will my home insurance cover my golf cart?
A standard homeowners insurance policy typically excludes coverage for golf carts that are registered for use on public roads or property. For exam...
What if I get into an accident in my golf cart with a driver who doesn’t have insurance?
Golf cart insurers often sell an optional coverage type similar to car insurance called uninsured motorist coverage. This pays for medical bills an...
What states require golf cart insurance?
These would be Arkansas, Delaware, Florida, Hawaii, Kansas, Kentucky, Massachusetts, Maryland, Michigan, Minnesota, New Jersey, New York, North Dakota, Oregon, Pennsylvania, South Dakota, Texas, Utah, Virginia, Washington and the District of Columbia.
Do you need special insurance for a cart?
You don’t need a special insurance policy for that, but a quick call to your insurance company could clear up that question quickly. On the other hand, you might have a cart that’s intended use is for your residential community, which would usually be a gated homeowner’s association. If this is the case, your insurance agent will want to know ...
What does a golf cart insurance policy cover?
Golf cart insurers often sell an optional coverage type similar to car insurance called uninsured motorist coverage. This pays for medical bills and other expenses (like lost wages) if you get into an accident with a driver who doesn’t carry insurance.
What is golf cart insurance?
Golf cart insurance has many similar coverage types to a typical car insurance policy. For example, you can buy coverage to help pay for injuries, damage to someone else’s property or repairs to your golf cart if it gets cracked up in an accident.
What insurance do you need for a golf cart accident?
Bodily injury liability insurance. If you cause an accident in your golf cart and someone gets hurt, this pays for their medical bills. It also pays for your legal defense in case you’re sued because of an accident. Collision insurance. If your golf cart is damaged in an accident, this pays for repair.
How fast can you drive a golf cart in South Carolina?
You can only drive your golf cart within four miles of your home or business for roads with a posted speed limit of 35 mph or less . To obtain a permit, you will need:
How fast is a golf cart?
But the biggest difference is top speed. A “conventional” golf cart has a top speed of less than 20 mph, while an LSV can typically reach speeds between 20 to 25 mph. An LSV as defined by the National Highway Transportation Safety Administration has: Four wheels. Gross vehicle weight rating is less than 2,500 pounds.
How many people can a golf cart carry in California?
California. Your golf cart is exempt from state registration if it carries no more than two people (including the driver), weighs less than 1,300 pounds and does not exceed more than 15 mph. If your golf cart exceeds these limits, you may have to register and insure your golf cart, depending on where you live.
Do you need a license to drive a golf cart in Texas?
If your golf cart operates at speeds of 25 mph or less, you will need a slow-moving vehicle emblem to drive on public roads. You will need a valid driver’s license to drive on public roads. Some cities and towns may require liability insurance that meets the minimum amount of car insurance in Texas.
What is the limit for golf cart insurance?
It covers injuries to others and damage to their property after an accident. If your claim limits are "$25,000/$50,000/$10,000," for example, then your policy covers injuries up to $25,000 per person ...
How fast can a golf cart go in Florida?
In some Florida retirement communities, where many residents take golf carts on public roads that can reach 25 mph, the cost of premiums is significantly higher, according to CNBC. Like insurance for all other vehicles, the cost of golf cart insurance depends on several factors.
What is optional medical insurance?
Medical payments coverage (optional): This coverage is optional and pays for medical bill s incurred by the golf cart driver or passengers after an accident. This coverage applies regardless of fault.
Does Progressive insure golf carts?
Some carriers might require an owner to call and speak to an agent about their golf cart. Others, like Progressive, might not in sure golf carts driven on public roadways at all. In this case, there are a number of specialty insurance companies that can serve their needs.
Does home insurance cover golf carts?
Homeowners insurance is also unlikely to cover a golf cart or any injuries associated with it, especially while it is operated. No matter what kind of golf cart you own or where you drive it, you should consider getting a separate insurance policy for this special type of vehicle. Some states even require it.
Do you need insurance for a golf cart?
Here's a quick rule of thumb: If you own a golf cart, you should consider purchasing golf cart insurance. It depends on how you use the cart. For example, if you only drive your golf cart while playing at a course, you won't need insurance. But if you use the golf cart beyond the course, then you likely need a policy.
Do golf carts have speed inhibitors?
Fortunately for golf cart owners, the vehicles are not typically driven on the road and have speed inhibitors. These factors reduce the insurer's risk and, consequently, the policyholder's cost.
What Type of Golf Cart Insurance Do I Need?
In many communities, the HOA requires golf cart owners to purchase specific insurance for their golf carts and name the HOA as an additional insured. Prior to purchasing insurance, check with your HOA. If you use your golf cart around your property, it can be included on your homeowner's insurance policy with an endorsement.
Getting the Best Deal on Golf Cart Insurance
Golf cart insurance is fairly reasonable and there are several ways to save additional money on it:
How Much Will Golf Cart Insurance Cost?
Adding a golf cart endorsement to your homeowner's policy is the least expensive way to insure your golf cart and will cost $50-$200/year. If you purchase a separate golf cart policy, it will average $12/month, as long as it is driven within a golf course community.
What does comprehensive cover on a golf cart?
Additionally, comprehensive covers damage from a fire, hitting an animal, an act of nature or glass breakage.
What is an uninsured motorist?
Uninsured/underinsured motorist bodily injury and property damage. Covers you and any passengers while riding in your golf cart if you’re injured by another driver with no insurance or not enough insurance. You’re also covered if an uninsured or underinsured driver damages your golf cart.
Does golf cart insurance cover property damage?
Bodily injury and property damage liability. Although not required in every state, golf cart liability insurance can protect you if you’re liable because you injured someone or damaged their property while riding your golf cart. Your court costs and legal fees are also covered up to your policy’s limits.
How do I insure a golf cart?
Quick Answer List: Should I insure my golf cart? 1 Home or auto insurance may cover a standard cart not licensed for use on a public road. 2 If the cart has modified speed, a separate mini auto or golf cart policy may be required. 3 Golf cart coverage is required in some states. 4 Even if you only use your cart at a club, home or auto coverage may not be sufficient for every hazard you face.
Do you need a specialty policy for a golf cart?
If you have a golf cart model with a speed modification, or one that you have licensed for use on a public road—such as driving around a neighborhood—then you may need a specialty policy for low speed vehicles. In fact, your state may require your cart to be insured like a traditional auto, not to mention any community clubs or homeowner ...
Does home insurance cover a golf cart?
Home or auto insurance may cover a standard cart not licensed for use on a public road. If the cart has modified speed, a separate mini auto or golf cart policy may be required. Golf cart coverage is required in some states.
What is Golf Cart Insurance?
Golf cart insurance works similarly to car insurance: it covers your liability (say, if you hit other people or property ). It also covers the value of your golf cart (if stolen, vandalized, or damaged in a collision ).
Do I Need Golf Cart Insurance?
Some homeowner associations (HOAs) require all residents’ golf carts to have insurance. If you live in a golf community, for example, then you may need to purchase specific golf cart insurance. Some HOAs also require you to name the HOA as an additional insured.
How Homeowners Insurance Covers Golf Carts
Many homeowners insurance policies cover golf carts. If you have homeowners insurance, then you may not need to buy an additional golf cart insurance policy: you may already be covered.
When Do I Need Special Golf Cart Insurance?
If your homeowners insurance doesn’t cover golf carts, then you may need to buy special golf cart insurance.
How Much Does Golf Cart Insurance Cost?
Golf cart insurance tends to be cheap. Golf cart incidents are rare, and insurers rarely have to pay for golf cart-related claims.
Golf Cart Insurance Exclusions
If you have golf cart insurance, then your golf cart should be covered. However, insurers can deny golf cart insurance claims for certain reasons, including:
Final Word
Yes, there is special golf cart insurance. You may need special golf cart insurance if required by your state, city, or HOA.
Does Your Golf Cart or ATV Need to be Insured?
The short answer is, it's probably a good idea. The long answer is a little bit more detailed than that.
Some HOAs Require It
If you live in a subdivision or neighborhood with a Homeowner's Association, or HOA, it's likely that you'll need to purchase insurance when you buy your new or preowned golf cart. Many HOAs require this, and you could face fines if it's discovered that your specialty vehicle isn't insured.
What Kind of Insurance Should You Get?
With golf carts or ATVs that aren't used on paved roads — you only take them out on the golf course or use them within the boundary of your property, for instance — you may only need to add your specialty vehicle to your homeowner's insurance policy.
Looking to Buy a New or Preowned Specialty Vehicle?
Whether your mind is made up on the golf cart you want, or you're still looking to find the perfect specialty vehicle for your family and lifestyle, Go With Garrett's Golf Cars and Specialty Vehicles is the place to visit!
