Oleksandr Rohovnin Whether you own an all-terrain vehicle (ATV) or utility terrain vehicle (UTV), you need adequate ATV insurance to feel safe and comply with the law. ATV insurance is frequently looped in with motorcycle insurance and coverages.
ATV insurance policies typically include liability and comprehensive coverage, as well as property damage ATV coverage.
Answer these questions to understand whether you need ATV insurance:
- Are you planning on off-roading your ATV?
- Will you travel your ATV by trailer from one spot to another?
- Are you planning on riding your ATV on any government trails?
- Will you be able to afford your ATV?
- Are you concerned that someone might rob your ATV?
- Could you or the ATV be subjected to an accident?
For example, if you wish to trailer your ATV, an ATV insurance policy may help protect it while it is in transit. And to ride on government trails, all ATV riders must have a minimum liability insurance policy.
What Does ATV Insurance Cover?
ATV insurance provides the following coverage:
Collision Coverage
Collision coverage pays for covered losses to your ATV when it collides with or is collided with another vehicle or object. If it is on a lease, collision coverage may be required. This coverage is offered with deductibles of $600 or $1,100 and includes up to $2,500 in protective gear.
Uninsured/Underinsured Coverage:
An uninsured/underinsured driver’s policy protects you against damages when you are involved in a collision on a public highway or roadway and struck by someone who cannot afford to pay the bills.
Each state has its regulations concerning uninsured motorists. Uninsured automobiles, such as motorcycles, must be designed to be insured and certified for use on a government road or highway. There is also a claim limit to this coverage.
Property Damage Liability
This liability coverage protects against specific harm incurred to someone else’s property while driving. It also provides the services of legal matters and a defense attorney if another party sues you. This liability has a particular claim limit per person and accident, and the claim limit is almost the same as a bodily injury liability.
Bodily Injury Liability
This insurance covers you against certain damages if you hurt or kill someone while operating your ATV and, in most instances, provides you with legal recourse if another party in the accident sues you.
Medical Payment Coverage
This coverage covers medical bills and post expenses for you and your passengers. It covers hospital services like emergency operations, CT scans, or doctor payments.
OEM Acceptance
When available, this coverage guarantees that your ATV is restored with new components from the original equipment manufacturer (OEM). If an OEM part is not accessible, the company will reimburse the market rate value of the new original equipment part.
Comprehensive (Optional)
Comprehensive coverage compensates for damage, excluding damage from a collision. This coverage is available with a $600 or $1,100 deductible and is limited to damaged vehicle operation. That mainly covers theft, vandalism, fire flooding, and other causes of ATV loss.
What Does ATV Insurance Exclude?
Standard ATV insurance policies cover incidents under defined circumstances, such as during traveling. Still, they will not cover situations where an ATV is placed, knowing the high probability of accidents, such as during racing.
You will need special racing insurance coverage for that. Also, driving it on government roads and highways is illegal, so accidents on these premises will not be compensated. They can only be operated in inner connecting streets, parks, or private land.
ATVs can cross roads and highways, but only under certain conditions. They must travel at a designated crossing point; they cannot simply drive over a midpoint. Only under this circumstance will the insurance be provided.
Cost of ATV Insurance
The average ATV insurance cost is around $101 per month for a basic policy, with the total price range varying from $40 to $240 per month.
The cost of basic bodily injury and personal property liability insurance, medical expenses, and uninsured/underinsured motorist coverage are around $100. Collision and comprehensive coverage will likely increase the cost by around $100.
The average cost of ATV insurance is as below:
- Basic = $81
- Standard = $100
- Advanced = $133
Here are some ATV insurance quotes from different companies:
- Progressive: Basic = $47 Standard = $61.50 Advanced = $69.33
- Markel: Basic = $40.75 Standard = $53.42 Advanced = $84.75
- Allstate: Basic = $103 Standard = $114 Advanced = $135
- Nationwide: Basic = $69.75 Standard = $93.17 Advanced = $134.25
Get quotes from at least three insurance companies to get an accurate idea of the ATV insurance rates. Note, however, that the cost of your ITV insurance will depend on your area, driving record, age, and more individual factors, as listed below.
Factors Affecting the Price of ATV Insurance
- Anti-theft surveillance: Having a proper monitoring system to safeguard your ATV can help you get a lower premium insurance package
- Autopay: If you’re willing to set up monthly auto payment insurance bills, you may be eligible for a price reduction.
- Sound driver: This is when you have a good history of driving without any accidents or claims for a set period.
- Homeownership: A few insurance companies, such as Allstate, discount riders who already own a residence.
- Good storage: You can be eligible for a discount if you keep your ATV in a secure and guarded vicinity.
- Mature rider: Many companies advocate ATV insurance coupons for “mature riders,” through which they can get discounted rates for those aged 50 and up. However, this is not a valid discount because all insurance companies base premium costs on age. Younger ATV vehicle drivers are considered a higher risk, making their quotes more expensive.
ATV Insurance Discounts
- Anti-theft surveillance: having a proper monitoring system to safeguard your ATV can help you get a lower premium insurance package
- Autopay: If you’re willing to set up monthly auto payment insurance bills, you may be eligible for a price reduction.
- Good driver: This is when you have a good history of driving without any accidents or claims for a set period.
- Homeownership: A few insurance companies, such as Allstate, provide a discount to riders who already own a residence.
- Good storage: you can be eligible for a discount if you keep your ATV in a secure and guarded vicinity.
- Mature rider: Many companies advocate ATV insurance coupons for “mature riders,” through which they can get discounted rates for those aged 50 and up. However, this is not a true discount because all insurance companies base premium costs on age. Younger ATV vehicle drivers are considered a higher risk, making their quotes more expensive.
For instance, here is an example of the insurance discounts that GEICO offers its clients.
Source: GEICO
Discounts can help you get cheap ATV insurance without sacrificing value.
Frequently Asked Questions
What Is An ATV?
An ATV has four low-pressure tires, a straddling seat, and handlebars instead of a wheel for steering control.
Is ATV insurance required?
ATV insurance is compulsory if you use your ATV in a government or community park.
Is ATV Damage Reimbursement Included In Homeowners Insurance?
Because your property coverage does not extend to vehicles, ATV damage expenses will not be covered if it is harmed in an accident. A small electric scooter is probably the only motorized vehicle covered by homeowner’s insurance.
Do ATV accidents get covered under health insurance?
Suppose you are in an ATV injury and cannot depend on another driver’s liability insurance to cover your hospital expenses. In that case, you may be protected by your medical insurance. Some health plans generally disallow “hazardous situations,” so you should check with your representative.
How can I prevent ATV theft?
Your ATV insurance plan should include comprehensive coverage, document pictures, invoices, and registration numbers for all ATV repair work and transactions. Also, you can store your ATV in a storage shed with surveillance.
Oleksandr is an expert in deep research. He covers insurance topics across four major insurance verticals – auto, health, life, and home insurance – while taking into account the legal landscape of the state in question. Come rain or shine, you can expect regular quality blogs and timely updates from Oleksandr.
