Golf Cart Insurance Cost: What to Expect & Ways to Save

Whether you’re a seasoned golfer or a resident in a golf-friendly community, you’ve likely pondered how much is golf cart insurance. It’s a valid concern, as unexpected accidents can lead to hefty out-of-pocket expenses.

How much is golf cart insurance? Golf cart insurance costs as little as $75 annually for basic liability coverage, but it can range up to $1,000 or more for comprehensive policies. Factors like your location, driving history, the type of golf cart, and the coverage options you choose significantly influence the final cost.

In the last 10 years working as a golf cart insurance specialist, I’ve helped countless individuals navigate the complexities of insuring their carts. Understanding the cost of golf cart insurance can be overwhelming. This comprehensive guide will demystify the process, providing clarity on coverage options, factors influencing premiums, and money-saving tips. You’ll learn about state-specific requirements, how to choose the right policy, and common pitfalls to avoid.

Key Facts

• Basic liability golf cart insurance can start as low as $75 per year with providers like Progressive.
• Comprehensive golf cart insurance policies, including collision and other coverage, can cost between $400 and $1,000+ annually.
• Florida, a state with many golf cart communities, does not require golf cart insurance for private property use but recommends liability coverage.
• Adding a golf cart to a homeowner’s policy can be a cost-effective option, with endorsements as low as $75 per year, depending on location and usage.
• Golf cart insurance costs are influenced by factors such as the driver’s age, driving history, location, golf cart type, and desired coverage levels.

How Much is Golf Cart Insurance?

Golf cart insurance costs as little as $6 a month or $75 a year. You may be able to add your golf cart to your homeowners insurance policy, but that typically only covers you on your own property. Several factors determine the specific amount you’ll pay for coverage. These include your age, driving record, location, the make and model of your golf cart, and the specific coverage options you choose. Basic liability coverage, which helps pay for injuries or property damage you cause to others, is the most affordable option.

Comprehensive and collision coverage, which protects your own golf cart from damage, will increase your premium. According to Progressive, the most basic golf cart insurance starts at just $75 per year. However, adding more coverage like comprehensive, collision, medical payments, or uninsured motorist protection can raise your rates.

Many insurers offer discounts that can help lower your golf cart insurance costs. For instance, bundling your golf cart policy with your homeowners or auto insurance can often lead to savings. Paying your annual premium upfront instead of monthly or signing up for automatic payments may also qualify you for discounts.

Is Golf Cart Insurance Required?

Golf cart insurance rules vary state by state. While golf cart insurance may not be a legal requirement in your state, it may be worth considering for the added protection it provides in case of an accident. Golf carts can’t be covered under your regular car insurance — you’ll need a specific golf cart insurance policy for that.

You can sometimes add a golf cart as an insurance rider on a homeowners insurance policy, but it’s only covered when it’s on your property. The best way to protect your assets then is with a specialized golf cart insurance policy. In some states, like Arizona, where golf cart usage on public roads is common, you may be required to have liability insurance if you plan to drive your cart beyond your own property.

Even if insurance isn’t mandated by law, it’s a wise investment to protect yourself financially. Accidents can happen unexpectedly, and liability coverage can help cover medical bills and property damage if you’re at fault.

What Factors Influence Golf Cart Insurance Rates?

Several key factors can impact how much you pay for golf cart insurance:

Type of Golf Cart

The make, model, and year of your golf cart play a role in determining your insurance premium. Newer, more expensive carts with advanced features typically cost more to insure than older, basic models. High-performance or modified golf carts designed for off-road use or higher speeds may also carry higher insurance rates due to the increased risk of accidents or damage.

Location

Where you live and primarily use your golf cart significantly affects your insurance costs. Areas with high rates of theft, vandalism, or accidents may have higher premiums. If you reside in a state like Florida, known for its golf cart communities, the prevalence of golf carts and associated risks could also influence rates.

Usage

How often you use your golf cart impacts your insurance cost. Occasional use on private property generally results in lower premiums compared to frequent use on public roads or in high-traffic areas. Insurers may also consider whether you use your cart primarily for recreational purposes, transportation within a community, or commercial activities.

Driver’s Age and Driving History

Your age and driving record are crucial factors in determining your golf cart insurance rates. Younger, less experienced drivers often face higher premiums due to their increased risk profile. Similarly, a history of accidents or traffic violations can lead to higher insurance costs, as insurers view you as a higher-risk driver.

Coverage Options

The type and amount of coverage you choose significantly influence your premium. Basic liability coverage is the most affordable but provides the least protection. Adding comprehensive and collision coverage, medical payments, uninsured motorist coverage, or accessory coverage will increase your rates but offer broader protection in case of accidents or damage.

How Can I Save Money on Golf Cart Insurance?

You may be able to lower the average cost of your golf cart insurance by following some additional steps:

Bundle Policies

Many insurance providers offer discounts if you bundle your golf cart insurance with other policies, such as your homeowners or auto insurance. This can often result in significant savings compared to purchasing a standalone golf cart policy.

Pay Upfront

Paying your annual golf cart insurance premium in full rather than opting for monthly installments can often qualify you for a discount. Insurers appreciate the reduced administrative costs associated with processing a single payment.

Increase Deductible

Choosing a higher deductible, which is the amount you pay out of pocket before your insurance coverage kicks in, can lower your premium. However, it’s essential to select a deductible you can comfortably afford if you need to file a claim.

Maintain a Clean Driving Record

A clean driving record, free of accidents and traffic violations, can help you secure lower golf cart insurance rates. Insurers view safe drivers as lower risk, and they often reward them with more affordable premiums.

Take a Safety Course

Completing a golf cart safety course can demonstrate your commitment to responsible operation and may qualify you for a discount with some insurers. These courses often cover topics such as safe driving practices, traffic laws, and accident prevention.

What Does Golf Cart Insurance Typically Cover?

A standard golf cart insurance policy typically includes the following coverage options:

Bodily Injury Liability

This coverage helps pay for medical expenses and other damages if you injure someone in an accident while operating your golf cart. It can cover hospital bills, rehabilitation costs, lost wages, and even legal fees if you’re sued.

Property Damage Liability

This portion of your policy covers the costs of repairing or replacing other people’s property that you damage with your golf cart. For example, if you accidentally hit a car, fence, or building, this coverage can help pay for the repairs.

Collision Coverage

Collision coverage protects your own golf cart if it’s damaged in an accident, regardless of who is at fault. It can cover the cost of repairs or even replace your cart if it’s totaled in a collision with another vehicle or object.

Comprehensive Coverage

This coverage protects your golf cart from non-collision-related incidents, such as theft, vandalism, fire, or natural disasters. If your cart is stolen or damaged by a falling tree, comprehensive coverage can help pay for repairs or replacement.

Medical Payments

Medical payments coverage can help pay for medical expenses for you and your passengers if you’re injured in a golf cart accident, regardless of fault. It can cover ambulance rides, hospital stays, doctor visits, and other medical treatments.

Uninsured/Underinsured Motorist

This coverage protects you if you’re involved in an accident with a driver who doesn’t have insurance or doesn’t have enough coverage to pay for your damages. It can help cover your medical bills, lost wages, and other expenses resulting from the accident.

How to Get Golf Cart Insurance

Getting golf cart insurance is a relatively straightforward process. You can obtain coverage through several avenues:

Add to Homeowners Policy

One of the most common and often cost-effective ways to insure your golf cart is by adding it as an endorsement to your existing homeowners insurance policy. This option typically provides coverage while the cart is on your property, but it may not extend to off-property use.

Purchase a Standalone Policy

If you need broader coverage that extends beyond your property, you can purchase a standalone golf cart insurance policy from a specialized provider. Companies like Progressive, Geico, and Allstate offer policies specifically designed for golf carts.

Contact an Insurance Agent

An independent insurance agent can help you navigate the various coverage options and find the best policy to meet your needs and budget. They can provide quotes from multiple insurers and offer personalized advice based on your specific circumstances.

Compare Quotes Online

Many insurance companies allow you to get quotes and compare policies online. This can be a convenient way to quickly assess your options and find the most competitive rates. When comparing quotes, be sure to consider the coverage limits, deductibles, and any available discounts.

Provide Necessary Information

To get an accurate quote, you’ll need to provide information about yourself, your golf cart, and your intended usage. This typically includes your name, address, driving history, the make, model, and year of your cart, where you’ll be using it, and the coverage options you’re interested in.

Golf Cart Insurance in Florida

Florida is well-known for its golf-friendly climate and numerous golfing communities. In Florida, golf carts are not required to be titled, registered, or insured. However, if you plan to operate your golf cart on public roads, it must meet specific safety requirements, such as having efficient brakes, reliable steering, safe tires, a rearview mirror, and red reflectors on the front and rear.

While golf cart insurance isn’t mandatory for private property use in Florida, it’s highly recommended to have liability coverage at a minimum. This can protect you financially if you’re involved in an accident that causes injury or property damage. The cost of golf cart insurance in Florida can vary depending on factors like your location, driving history, and the type of coverage you choose.

Oyer, Macoviak and Associates can help you compare quotes from providers like Progressive, Travelers, Allstate, Safeco, and Hartford to find the best deal for your needs.

Golf Cart Insurance Coverage Limitations

While golf cart insurance provides valuable protection, it’s essential to understand its limitations. Most policies won’t cover:

Intentional Damage

If you intentionally damage your golf cart or use it to cause harm to others, your insurance policy likely won’t cover the resulting damages or injuries.

Business Use

Golf cart insurance is typically designed for personal use. If you use your cart for business purposes, such as transporting customers or delivering goods, you may need a commercial policy to be adequately covered.

Racing or Stunting

Most policies exclude coverage for damage or injuries sustained while racing, performing stunts, or engaging in other high-risk activities with your golf cart.

Wear and Tear

Normal wear and tear, such as gradual deterioration of tires or mechanical components, is generally not covered by golf cart insurance. These are considered maintenance issues that the owner is responsible for.

Unlisted Modifications

If you make modifications to your golf cart that aren’t listed on your insurance policy, such as adding a lift kit or high-performance engine, your coverage may be voided. It’s crucial to inform your insurer of any changes you make to your cart.

Tips for Choosing the Right Golf Cart Insurance

Selecting the right golf cart insurance policy requires careful consideration of your needs, budget, and risk tolerance. Here are some tips to help you make an informed decision:

Assess Your Needs

Determine how you’ll be using your golf cart, where you’ll be driving it, and the level of protection you need. If you only use your cart on your property, a basic liability policy or homeowners endorsement may suffice. For broader use, a standalone policy with higher coverage limits may be necessary.

Compare Multiple Quotes

Don’t settle for the first quote you receive. Shop around and compare policies from at least three different insurance providers. Pay attention to the coverage limits, deductibles, exclusions, and any available discounts.

Consider Your Budget

While it’s important to have adequate coverage, you also need to choose a policy you can comfortably afford. In my experience, finding the right balance between coverage and cost is crucial for long-term satisfaction with your golf cart insurance.

Read the Fine Print

Before purchasing a policy, carefully review the terms and conditions, paying close attention to the exclusions and limitations. Make sure you understand what’s covered and what’s not, and ask your agent or insurer to clarify any confusing language.

Look for Discounts

Many insurers offer discounts for bundling policies, paying upfront, maintaining a clean driving record, or taking a safety course. Be sure to inquire about all available discounts to maximize your savings.

Work with an Experienced Agent

An independent insurance agent who specializes in golf cart coverage can provide valuable guidance and help you navigate the complexities of choosing the right policy. They can offer personalized recommendations based on your unique circumstances and help you find the best value for your money.

FAQs About How Much Is Golf Cart Insurance

How much does it cost to insure a golf cart on average?

On average, golf cart insurance can range from $75 to $500 per year for liability coverage. Adding collision and comprehensive coverage can increase the cost to between $400 and $1,000 or more annually.

Can I add my golf cart to my homeowners insurance?

Yes, you can often add your golf cart to your homeowners insurance policy as an endorsement. However, this typically only provides coverage while the cart is on your property and may not extend to off-property use.

What is the cheapest way to insure a golf cart?

The cheapest way to insure a golf cart is typically through a basic liability-only policy or by adding it to your homeowners insurance. However, these options may provide limited coverage, so it’s essential to assess your needs carefully.

Is golf cart insurance required in all states?

No, golf cart insurance requirements vary by state. Some states, like Arizona, require liability insurance for golf carts used on public roads, while others, like Florida, don’t require insurance for private property use but recommend it.

Does my auto insurance cover my golf cart?

No, your standard auto insurance policy typically does not cover your golf cart. You’ll need a separate golf cart insurance policy or an endorsement to your homeowners insurance to be adequately covered.

What is golf cart liability insurance?

Golf cart liability insurance helps pay for injuries or property damage you cause to others while operating your golf cart. It typically includes bodily injury liability and property damage liability coverage.

How much liability insurance do I need for my golf cart?

The amount of liability insurance you need depends on your individual circumstances, such as your assets and risk tolerance. However, most experts recommend carrying at least $100,000 in bodily injury liability and $50,000 in property damage liability.

Can I get golf cart insurance with a bad driving record?

Yes, you can still get golf cart insurance with a bad driving record, but you may pay higher premiums. Some insurers specialize in providing coverage to high-risk drivers, but their rates are typically more expensive.

Does golf cart insurance cover theft?

Comprehensive coverage, which is an optional add-on to most golf cart insurance policies, typically covers theft. If you want protection against theft, make sure to include comprehensive coverage in your policy.

How can I lower my golf cart insurance premium?

You can lower your golf cart insurance premium by bundling policies, paying upfront, increasing your deductible, maintaining a clean driving record, taking a safety course, and comparing quotes from multiple insurers.

Conclusion

Golf cart insurance is an essential consideration for anyone who owns or operates a golf cart, whether for recreational use or transportation within a community. While the cost of coverage can vary depending on factors like your location, driving history, and the type of policy you choose, it’s a relatively affordable way to protect yourself from the financial risks associated with accidents, injuries, and property damage. By understanding the different coverage options, factors that influence premiums, and tips for saving money, you can make an informed decision and find the best golf cart insurance policy to meet your needs and budget. Remember to compare quotes from multiple insurers, read the fine print, and work with an experienced agent to ensure you have the right protection for your specific circumstances. With the right golf cart insurance in place, you can enjoy peace of mind knowing you’re financially protected while cruising around in your cart. If you are interested in learning more about golf carts, such as how much do golf cart batteries cost, be sure to read our other articles. Additionally, our guide on how much a golf cart battery can last will help you understand when to replace them. You may also find our article on how much golf carts weigh useful when considering transportation or storage. For those concerned about sun exposure, our tips on how to protect from sun while playing golf can be particularly helpful. And if you’re curious about speed, check out how fast golf carts go.