Tractor insurance is comparable to classic car insurance. The insurance therefore steps in in the event of damage to your own vehicle and, as liability insurance, also covers property damage and personal injury to third parties. The tariffs for tractor insurance differ significantly, especially with high no-claims classes.
Agricultural enterprises of all sizes need here the appropriate security – and these should be accurate to the vehicle fleet and ultimately on the farm matched his. However, it is not necessary to insure every agricultural tractor
When do I have to insure my tractors and when not?
Insurance for agricultural tractors only has to be taken out if the vehicle is being driven on public roads:
Insure agricultural tractor if…
- it use public roads
- Vehicle is subject to registration
Do not insure agricultural tractor if…
- is driven exclusively on the premises of the agricultural holding
- Vehicle is not subject to registration
“You can also include agricultural compact tractor insurance cost in your fleet insurance. You can usually get away with it more cheaply than if you insure each vehicle individually. In addition, you have a better overview and the handling of the insurance policy is a lot easier. It is only important that you have at least 3 towing vehicles in your fleet. vehicle fleet insurance can insure all the vehicles on the fams. “
What does the protection of agricultural tractors cost?
For a less powerful tractor with an output of less than 41 kW, insurance costs 10.42 euros per month. However, the average farm tractor insurance cost varies depending on the specific case: For more powerful tractors, you can expect costs of around 50 euros per month. In addition, various other factors determine the level of the insurance premium. The risk ratio in particular plays a major role.
These 6 factors determine the cost
- Type and year of construction of the tractor
- Power output
- Risk indicator
- Place and area of use
- Frequency of use for the company
- Additional attachments
“The costs for the insurance of agricultural tractors are comparatively cheap, because insurers have a clear idea of the use of the vehicles and can thus assess the risk concretely. If you are also going to use your vehicles outside of agriculture, be sure to indicate this – otherwise there is no insurance cover for these activities. Most insurers are open about this and can easily extend the cover for a manageable additional premium.”
Tractor insurance benefits
Basically, the tractor insurance is like in their services of private car insurance. So you have the services of motor vehicle liability insurance- and the hull insurance. For which you are also known by the security of your car. The coverage within a fleet insurance also offers this scope of services.
It is important to note that agricultural tractor insurance is mandatory. To work, you need Civil Liability Insurance for the tractor. With your RC insurance for tractor, you will be covered against possible damages.
Also, think that insuring your agricultural machinery should not be another procedure to comply with the Law. Rather, your cheap tractor insurance will allow you to include the coverage you need so that you are safe in the event of an accident.