Does a Boat Trailer Need to Be Insured?
When you think about boat insurance, your first thought is usually about protecting the vessel itself. But what about the trailer that carries it? Many Australian boat owners ask the same question: does a boat trailer need to be insured?
The short answer is: yes, it’s strongly recommended. While your trailer might seem secondary to the boat, it plays a critical role in getting your vessel safely to and from the water and it comes with its own risks.
Why Boat Trailers Need Insurance
Boat trailers face a range of exposures that make insurance worthwhile:
- Accidents on the road – If your trailer is involved in a collision, damage repairs or replacement costs can be significant.
- Theft – Trailers are a common target for thieves, especially when stored in driveways, or storage yards.
- Fire, storm, or vandalism – Natural disasters and malicious damage can affect both boat and trailer.
- Liability concerns – If your trailer causes damage to another person’s property while being towed, you may be held responsible.
Isn’t My Boat Trailer Covered by Car Insurance?
This is a common misconception. In Australia, your car insurance policy might cover liability for damage your trailer causes to other vehicles while it’s being towed, but it usually doesn’t cover damage to the trailer itself.
That means if your trailer is stolen, damaged, or written off, you could be left paying out-of-pocket unless you have trailer insurance in place.
How Boat Trailer Insurance Works.
Boat trailer insurance is usually available as part of a broader boat insurance policy. At New Wave Marine, for example, we include cover for your trailer under the same policy that protects your boat under specific conditions. This makes things simpler: one policy, one premium, and consistent protection.
New Wave also offers seperate Caravan & Trailer Insurance policy that coverage typically includes:
- Theft or attempted theft
- Accidental damage
- Fire, storm, or flood
- Content coverage etc.
Tips for Protecting Your Boat Trailer
Even with insurance, prevention is key:
- Always use a high-quality trailer lock.
- Store your trailer securely in a locked garage, yard, or marina facility.
- Regularly maintain brakes, lights, and tyres to reduce accident risk.
While boat trailers are often overlooked, they represent a valuable part of your boating setup. Without them, getting your boat to the water wouldn’t be possible. Insurance ensures that if the unexpected happens: theft, accident, or natural disaster, you’re not left covering the cost yourself.
Disclaimer: The information provided in this article is intended as general advice only and does not take into account your personal circumstances, financial situation, or specific needs. Read the PDS for more information.
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