So you’re out cruising the trails when all of a sudden, another rider pops out of nowhere before you get to stop. Or you return home and park your ATV out, but the next time you go outside, it’s gone. Or you let a friend try out your vehicle, and the next thing you know, you’re thousands of dollars in debt.
All of these scenarios have happened and continue to occur to riders everywhere. Yet, those unaware of their insurance options are the ones who experience the most damage. Although ATV insurance isn’t a legal requirement everywhere, it’s essential to be prepared and know your coverage options, as this could save you considerable debt.
In this article, we’ll show you the different types of coverages available for ATVs, as well as what each of them provides.
1. Collision Coverage
No matter how long you’ve been riding, accidents are still prone to happen when you’re driving your four-wheelers, and they can be rather expensive to repair when damaged.
That’s what collision coverage is for. It helps cover the cost of repairing your ATV when it hits, or is hit by, another object.
2. Comprehensive Coverage
Now, what if your vehicle was damaged, but it wasn’t due to a collision? What if it’s vandalized, stolen, or lost in a fire or another type of natural disaster? These are all out of our control, and it would be safe to prepare for such damage.
Comprehensive coverage helps cover losses caused by vandalism, theft, fire, or incidents other than collisions.
3. Bodily Injury Liability Coverage
Did you know that even if someone borrows your ATV and injures somebody else, you could still be held responsible?
Whether or not you’re the one driving, this coverage protects you if an accident injures or kills someone else. It covers the medical bills, and in many cases, also pays for your legal fees in case you’re sued.
4. Property Damage Liability Coverage
Similarly, property damage liability coverage pays for damage that an ATV driver causes to someone else’s property, whether that’s their home, yard, or vehicle. It also covers the required legal fees if the involved party decides to press charges.
5. Medical Payments Coverage
This type of insurance covers medical expenses, such as surgeries and X-rays, for you and your passengers.
6. Uninsured/Underinsured Motorist Coverage
If you or someone else riding your ATV have an accident where the other party is at fault, you’d expect the responsible party’s insurance to cover your injuries or damages. However, insurance isn’t mandatory everywhere, so they could not have it, or they could have lower limitations than you do.
In that case, this coverage helps you pay your expenses and repair your vehicle or, in some cases, even replace it.
7. OEM Coverage
While this coverage isn’t offered everywhere, carriers that provide it ensure that if your vehicle is damaged, it’s repaired with parts from the original equipment manufacturer (OEM). Without this coverage, your vehicle could end up being repaired with aftermarket parts.
How Much Does ATV Insurance Cost?
Although ATVs are covered under motorcycle insurance policies, ATV insurance usually costs less than that of motorcycles.
Depending on your location, driving record, and what you use your ATV for, its insurance price could vary from a couple of hundred dollars to over a thousand dollars per year, so it’s difficult to estimate what your specific insurance cost will be.
More factors go into determining your ATV insurance costs, such as your age and the vehicle’s make and model. The best way to find the most suitable yet affordable insurance for you is to get a quote.
Where Is ATV Insurance Required?
Although not all states require you to carry insurance on your ATV, you’re typically required to have some type of coverage (most likely liability coverage) if you’re planning on using your ATV on state-owned parks and lands. So, make sure to check the requirements of your state or country.
All in all, the different types of ATV insurance offer varying coverage depending on your vehicle model and what you use it for, so you may not end up needing to opt into all of them.
That’s why it’s essential to discuss with your insurance agent the conditions that you use your vehicle in, how often you ride, and what you expect to get out of your coverage to ensure that you get the best possible plan.