ATV Insurance
Four-wheelers, farm ATVs, side-by-sides, or dirt bikes can be protected by ATV insurance. Although some ATVs or UTVs are covered under auto insurance or motorcycle insurance, choosing an ATV-specific policy could save you money and provide more compensation for a specific accident. For those who own one ATV and want it to be protected, paying for ATV insurance could only cost you a few hundred dollars each year. Monthly policies for one small vehicle are inexpensive, but there are also discounts offered to ATV owners to help with the payments. Depending on different factors, your recreational off-road vehicle could be affected by risks that insurance could save you from.
A Common Target For Theft And Vandalism
Many ATVs are expensive and are a hot commodity for outdoor enthusiasts, which means that your ATV is at risk for theft and vandalism. Because these vehicles are a significant investment, having insurance can cover the cost of replacing the ATV if it is stolen or broken. The damages from vandalism, hotwiring, or weather damage will be covered by your insurance company when you purchase a policy. Higher value or new vehicles benefit the most from insurance policies.
Factors That Impact ATV Insurance Costs
Many factors impact your insurance cost, no matter what type it is. ATV insurance can range from $100-500 annually, but the state where you live and the age of your vehicle can impact that cost.
Additional factors that could change the cost of insurance include:
- Make and model of high-performance ATVs
- Riding habits and terrain that you frequent
- Location or the state where your ATV is registered
- Rider’s age and driving experience
- Adding collision or comprehensive coverage.
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Experienced Rider Discount
Those with years of experience operating an ATV could see a discount in their policy. Insurance rates could differ for new riders or those who have limited driving experience. A lack of experience could mean that you will experience more accidents, operation errors, or damage. These riders are higher risks for the insurance company because they will have to dish out more money to cover your learning mistakes.
Those who have owned multiple ATVs and have been operating them for many years, or those with no accidents on their record could see a lower monthly premium. Ask your broker or insurance provider if they have this discount option available.
Insuring Multiple ATVs
Instead of purchasing multiple policies, you can bundle ATV policies together. If you have multiple ATVs, an ATV and motorcycle, or an ATV and other recreational vehicles, you can put them under one policy and recieve a discounted rate. If you find an insurance company that offers many perks and coverage that you feel you need, insuring all of your assets with them will save you money.