There are many types of ATV insurance coverage to choose from
Even if your homeowners’ policy covers your ATV to an extent, it is often wise to get specialized ATV coverage. For one thing, it is unlikely that you will ride the ATV only on your own property. For another thing, ATVs can be at particular risk for getting stolen and for getting into an accident with another vehicle, even another ATV, that is underinsured or uninsured. Other ATV coverage options help in cases of damage and injury, among others. As for pricing, your ATV insurance cost depends on factors such as the ATV model, its age, how you secure the ATV and your riding history. (Check out the answer to the first FAQ here for more information. It’s about car insurance, but the general idea applies.)
The sections below explain the various types of coverage you can opt for. On the other hand, if you want get ATV insurance quotes right now, you can do that too.
Underinsured and Uninsured motorist insurance
Not every ATV owner or vehicle owner takes out insurance on their vehicle. Even those who do are not always able to get sufficient amounts of coverage for every scenario. That’s where underinsured and uninsured motorist policies come in. Otherwise, you could be left with huge needs if you are involved in an accident with a motorist who is underinsured or uninsured. This extra protection can greatly limit the financial burden on you, making the difference in you being able to cover for lost wages and to pay medical bills and for ATV damage repairs.
This type of coverage guarantees that no matter who hits you, you will have at least some protection. The peace of mind that many riders get from this knowledge is immeasurable.
Compared with cars and other vehicles, ATVs are relatively light and small. Thus, they are attractive to thieves. Of course, there are methods such as unplugging the fuel pump and removing the valve stems from the tires that slow down thieves or deter them, but you don’t always have the time, opportunity or desire on a trip to do all that. Some thieves are mightily determined too; if they’re willing to put in a few hours of hard work, they can bust a high-quality chain. The thousands of dollars you poured into your ATV could disappear while you take a nap.
Roadside assistance insurance
Roadside assistance coverage is incredibly convenient when your ATV breaks down or needs to be transported to a facility for repairs. This insurance also covers minor labor costs and, while supplemental, rounds off ATV protection nicely. After all, if your ATV has been rendered unusable after an accident, you could end up shelling out a lot of money to get it to a repair shop.
Many states require that you have liability coverage, but as with underinsured/uninsured motorist insurance, it is a good idea to get even if not mandated. This type of coverage helps pay for bodily injuries rendered to other motorists in an accident or collision. It also helps pay for damage to another motorist’s property.
To cover your own injuries and your own property, you could use collision coverage, among other options.
Your ATV is likely to sustain physical damage if it’s involved in a multi-vehicle collision. Ditto if you hit a tree stump, boulder, fence post, parked car or other hindrance. You will be riding in remote and rural areas with “surprises” and hidden dangers, so this type of coverage is essential. If or when you need to file a claim, you pay your deductible, and insurance covers the rest.
Collision insurance also covers non-structural damages such as dents, scratches and scrapes.
Custom accessories insurance
Many proud ATV owners have special features such as seats, saddlebags, rims or paint jobs that did not originally come with the ATV. These accessories can be pricey and deserve to be protected as well. So, when you’re discussing ATV insurance coverage, don’t forget to mention anything you’ve added to the ATV after the initial purchase.
Full coverage/comprehensive insurance
This type of insurance combines many coverage options under one umbrella. For example, basic liability and theft are covered, as are quite a few types of damage to your ATV; it could be damage sustained during an extreme weather event, during a fire or during a theft.
Riding an ATV is a way for you to escape from daily stresses and to experience freedom in a unique way. Grass, sand, mud, dirt and other surfaces—they’re all yours for the taking. And in many cases, ATVs are safer than motorcycles because they’re more stable and go at lower speeds.
However, it’s still important to protect your investment with insurance coverage. ATV insurance costs vary and can be tailored to match your budget and risk tolerance. If you would like to save money on a monthly basis, consider raising your deductible. You pay more only if you actually have file a claim.
Also, if you use your ATV as part of a business, for example, giving riding lessons or leading outdoor adventures, it may need other types of insurance. ATV insurance typically covers your vehicle only for personal use.