To give you a sense for how much snowmobile insurance costs, we ran quotes for Canada’s most popular snowmobiles. For insurance affordability, the mid-sized Yamaha SX Venom and Arctic Cat Blast ZR 4000 are your best bet, at $549 a year for an experienced rider with a clean record. Full size sleds will run you $817 to $966. Bundling your sled with your home and auto insurance can save you 20%.
Are you a snowmobiler thinking about a new sled for you, or maybe your kids? How much should you budget for insurance? Whenever you’re thinking about buying a new vehicle, it’s a good idea to consider the full cost of ownership, which includes not only monthly payments, but also fuel, maintenance, perhaps storage, and of course, insurance.
To give you an idea about that last part, annual premiums for a new snowmobile typically land between 5 and 7% of the value of the sled. If you’re paying more, that probably means you have at least a few tickets or accidents on your record.
How Much For the Most Popular Sleds?
Pricing for snowmobile insurance is not as complicated as it is for auto insurance. Your age, gender and marital status don’t matter much, and where you live only matters if you’re in Northern Ontario (10% discount). As for the sled itself, what matters is the size of the engine, and the purchase price.
Below are quotes for Canada’s most popular snowmobiles. To run the quotes, we created 3 rider profiles:
- Edgar, 20 years old, 2 years’ experience, clean record
- Callista, 40 years old, 20 years’ experience, 2 minor tickets
- Lars, 50 years old, 10 years’ experience, clean record
All quotes are based on full coverage, standard accident benefits, $1 million liability, $300 deductible, and coverage for underage riders.
|Snowmobile||Edgar||Callista||Lars||Avg premium||Sled MSRP|
|2021 Yamaha SX Venom||$549||$549||$549||$549||$7,999|
|2021 Arctic Cat Blast ZR 4000 121 1.0||$549||$549||$549||$549||$8,095|
|2021 Ski-Doo MXZ® Sport 600 EFI||$771||$549||$549||$623||$8,649|
|2021 Ski-Doo Renegade® X-RS 850 E-TEC||$1,150||$817||$817||$928||$15,149|
|2021 Arctic Cat M 8000 Mountain Cat Alpha One||$1,150||$817||$817||$928||$15,945|
|2021 Yamaha Sidewinder SRX LE||$974||$935||$935||$948||$17,999|
|2021 Ski-Doo Summit X 850 Turbo 175 with Expert Package||$1,196||$966||$966||$1,043||$17,849|
|2021 Polaris Switchback® Assault® 850 144||$1,104||$1,215||$817||$1,045||$14,199|
|2021 Yamaha Mountain Max LE 165||$1,104||$1,215||$817||$1,045||$14,249|
|2021 Polaris INDY® XC® Launch Edition 137 850||$1,104||$1,215||$817||$1,045||$14,299|
|2021 Ski-Doo Backcountry™ X-RS® 146 850 E-TEC||$1,104||$1,215||$817||$1,045||$14,849|
What Factors Affect Snowmobile Premiums?
Unlike auto insurance, where your age, gender, postal code and a bunch of other factors are taken into account for pricing, snowmobile insurance pricing is fairly simple.
- Your gender and marital status don’t matter at all.
- Your postal code only matters if you’re in Northern Ontario, where you get a 10% discount.
- Your age only matters if you’re under 25, and even then, only if you’re riding a larger, more powerful sled.
- Your years of experience only matter if you have less than 4 years and have tickets.
- The only things that matter about the sled are the value and the engine size (cc).
- All tickets count against you (sledding, driving, motorcycle).
- Only at-fault accidents related to sledding count against you.
Ways to save
There are a few easy ways to save money on premiums for your sled:
- Insure your home and car with the same insurance company as your sled (bundling) – save 20%
- Keep your record clean – 2 tickets can add 50% to your premium
- Buy a cheaper sled – for new sleds, annual premium is typically 5-7% of the sled value
Snowmobiling is a great winter pastime that can be fun for the whole family. To make it as affordable as possible, connect today with one of our experienced brokers. They’ll answer all your questions, set up your policy in a jiffy, and get you out on the trails in time for the next snow fall. Happy sledding!