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:
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.
ATV insurance provides the following 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.
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.
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.
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.
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.
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 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.
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.
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:
Here are some ATV insurance quotes from different companies:
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.
For instance, here is an example of the insurance discounts that GEICO offers its clients.
Discounts can help you get cheap ATV insurance without sacrificing value.
An ATV has four low-pressure tires, a straddling seat, and handlebars instead of a wheel for steering control.
ATV insurance is compulsory if you use your ATV in a government or community park.
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.
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.
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 various insurance topics across verticals, adopting to every local law.
Date added: November 11, 2022