- Covers any damage to your ATV that results from collision with another vehicle or other object
- Covers any damage or loss resulting from vandalism, theft and fire as well as other types of damage that are listed on the policy
- Covers the cost of repairing any damage you may cause to another person’s vehicle or property
Bodily Injury Coverage
- Covers the cost of medical expenses for other people if you are at-fault in an accident
Uninsured Motorist Coverage
- Covers the cost of any damage caused to your ATV by uninsured or underinsured riders or drivers
Medical payments Coverage
- Covers the cost of medical expenses for injury to you and your passengers, regardless of who is at-fault in an accident
Custom equipment Coverage
- Covers the cost of repairing any damage to any custom features which you have added to the ATV
The insurance premiums on an ATV vehicle can often be higher than those of a regular passenger vehicle, because the risk involved in operating an ATV makes it more likely that you will have to file a claim. There are a few things, however, that you can do to keep your insurance rates low.
- Get quotes from a number of different insurance agencies before you purchase or renew your ATV insurance. The rating system used to calculate your premium will vary from one insurer to the next. As such, you may be able to save a substantial amount of money with one company for the very same coverage that another company is offering at a much higher rate.
- When you shop for this insurance, make sure that you are getting quotes and coverage that is specific to your ATVs particular classification and use. The rates on a two-wheel drive sports model that is used for racing will differ significantly from those on a six-wheel drive utility model that is only used on a farm.
- Make sure that you get all the discounts available. Here are some of the discounts that your insurance company may have available.
- Multi-policy discount – You could receive a discount if purchase your home, car, boat and ATV policies from the same insurance company.
- Multi-vehicle discount – You may get a significant discount if you insure all of your cars, boats, ATVs and other recreational vehicles with the same insurer.
- Membership discount – If you are a member of a riding association such as the American Motorcyclist Association, you may be eligible for a discount on your ATV insurance.
- Safety course discount – If you complete a safety course, you will not only learn a lot about how to safely operation of your ATV, but you may also qualify for a discount on your ATV insurance policy.
- Discuss the ideal coverage you should have with a licensed insurance agent, so that you do not end up under-insured or over-insured. If you will have passengers, for example, it is important for liability purposes, to obtain coverage that will cover your passengers as well. As you choose your coverage, keep in mind that:
- The higher your deductibles, the lower your premium will be. Raise your deductibles if you can afford to.
- Purchasing a comprehensive policy will cost quite a bit more, but it does cover the cost of repairing damage to your ATV, which can be quite costly.
- You have to request coverage for any customization that you have done to the ATV, otherwise you will have to pay for the customization out-of-pocket in the event of an accident.
- Purchase a stand-alone policy for your ATV. While some homeowner’s insurance policies provide coverage for ATVs, homeowner’s coverage does not cover the cost of damage to your ATV if you drive outside the insured property. A dedicated policy that is specifically written to cover your ATV, and which has collision and comprehensive coverage will save you a bundle in the event that there is damage to your ATV. Companies such as Nationwide Insurance offer stand-alone ATV insurance policies.
It is important to purchase insurance for your ATV from an insurance company that has experience, and who may specialize in insuring ATV and other recreational vehicles. They are more likely to understand the risks and challenges involved in off-roading with an ATV, and to provide sufficient coverage. Many of these insurers also provide insurance for other recreational vehicles such as motorcycles. You can find and ATV,motocross, or motorcycle insurance specialist in the telephone book and online. Your ATV dealer will also be able to recommend one or more sources of ATV insurance.