Last updated: March 2026
How Much Does Trailer Insurance Cost?
Cost Breakdown by Type
| Type / Procedure | Without Insurance | With Insurance |
|---|---|---|
| Utility Trailer Insurance (monthly) | $0 – $0 | $15 – $35 |
| Enclosed Cargo Trailer Insurance (monthly) | $0 – $0 | $25 – $50 |
| Horse/Livestock Trailer Insurance (monthly) | $0 – $0 | $30 – $75 |
What Affects the Cost
- Your age, location, and health status
- Coverage level and deductible chosen
- Provider or carrier
- Claims history
- Credit score (for some insurance types)
- Discounts available (bundling, loyalty, safe driver, etc.)
Insurance Coverage
Typical coverage: Trailer insurance covers utility trailers, enclosed trailers, and cargo trailers for collision, theft, and liability. Towing vehicle insurance may not cover the trailer.
Insurance costs vary widely based on coverage level, location, age, and claims history. Shopping around and comparing quotes is the single most effective way to save money on insurance premiums.
How to Save Money
- Compare quotes from at least 3-5 providers
- Bundle policies (home + auto) for 10-25% discounts
- Choose higher deductibles for lower monthly premiums
- Ask about all available discounts
- Review coverage annually during open enrollment
- Consider employer-sponsored plans which subsidize 50-80% of premiums
Related Procedures & Costs
Frequently Asked Questions
Auto insurance typically provides liability coverage for a trailer while being towed, but does not cover damage to the trailer itself. Separate trailer insurance is needed for physical damage coverage.
Trailer insurance costs $15 to $75 per month depending on trailer type and value. Basic utility trailer coverage starts at $150 to $400 per year.
Liability coverage is required in most states for trailers on public roads. Physical damage coverage is optional but recommended for expensive trailers.