UPDATED: Mar 13, 2020
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ATV insurance covers certain unexpected damages, liabilities, and expenses for your ATV. Today, we’re explaining everything you need to know about ATV insurance, including what ATV insurance covers and how much it costs.
What Does ATV Insurance Cover?
Off-roading is unpredictable. That’s part of the fun. From hidden trails to majestic mountaintop views, some of nature’s top spots are best explored on an ATV.
Insurance is designed to cover certain unexpected costs, damages, and expenses related to ATV ownership.
There are different types of ATV insurance policies. You can buy a liability policy that covers you when you’re at-fault for an accident, for example. You can also buy collision and comprehensive coverage that covers the cost of repairing your own ATV after an accident.
Overall, ATV insurance is similar to car insurance: there are similar policies and coverage options. Depending on what type of policy you buy, your ATV insurance will cover different things.
Let’s take a closer look at some of the ATV insurance policy options available today.
Liability coverage for ATV insurance works just like liability coverage for car insurance. It protects you if you’re found at fault in an accident. It can cover someone else’s medical bills, for example, and their property damage, up to the limits of your policy.
In some states, ATV riders are required to carry liability insurance when riding anywhere other than their own private property – just like drivers across the country are required to carry liability insurance to legally drive.
Collision and Comprehensive Coverage
Collision coverage helps you repair or replace your vehicle if you hit an obstacle, hit another tree, flip your ATV, or damage it in some other way. Collision coverage will reimburse you for the cost of repairing or replacing your ATV.
Comprehensive coverage, meanwhile, protects your own ATV in non-accident situations. If your ATV is damaged by a falling tree branch, hail, fire, or theft, for example, then your comprehensive ATV insurance should kick in.
You can buy collision and comprehensive coverage up to the value of your ATV. If your ATV is worth $10,000, for example, then you might buy collision and comprehensive coverage with limits up to that amount. If damage exceeds that amount, then it costs more to repair your ATV than it’s worth, which means it will be declared a total loss – just like a car.
There are collision and comprehensive insurance restrictions on certain ATVs, including Limited Production ATVs (ATV3s) or ATVs made before 1981.
Uninsured and Underinsured Motorist Coverage
ATV riders can buy uninsured and underinsured motorist coverage to cover certain damages and medical bills after being struck by an uninsured or underinsured motorist. If another driver or another ATV rider hits you, and the ATV rider does not have insurance, then your uninsured or underinsured motorist coverage will kick into effect.
Medical Payments Coverage
Medical payments coverage works in a similar way to health insurance. It covers certain medical bills after an ATV accident. Medical payments coverage can cover both you and your passengers.
Optional Equipment Coverage
Your ATV might have optional equipment – like a loading ramp or performance apparel. With optional equipment coverage on your ATV insurance policy, your insurance will cover these additional items. You’ll pay a slightly higher premium each month in exchange for getting, say, $3,000 to $5,000 of optional equipment coverage on your ATV and other equipment.
Transport Trailer Physical Damage Coverage
You may want to add physical damage coverage to the transport trailer used to haul your ATVs. This will cover any damage to your trailer. However, this coverage may be unnecessary: many car insurance policies cover any trailers hauled behind your vehicle. Double check your car insurance to make sure.
Some ATV riders, of course, also have a trailer attached to their ATV. In this case, your ATV insurance policy’s comprehensive and collision coverage should cover any items towed behind your vehicle.
How Much Does ATV Insurance Cost?
Generally, ATV insurance that only covers bodily injury and property damage liability should cost between $100 and $200 per year in most states. This is the bare minimum insurance required in some states, although it’s not required in all states.
As you add additional policies (medical payments coverage, uninsured and underinsured driver coverage, collision and comprehensive coverage, etc.), you can expect to pay anywhere from $300 to $1,500 per year.
Just like with car insurance, ATV insurance varies widely based on the driver, his or her driving record, the value of the ATV, and the performance of the ATV. A high-performance ATV with a top speed of 60mph, for example, will cost more than a low-performance ATV.
Insurance companies might also charge different premiums based on how the ATV is used: do you drive the ATV around your acreage every weekend? Or are you frequently taking your ATV down municipal roads to go off-roading in the hills? Depending on your usage or mileage, you will pay different ATV insurance premiums.
Your deductible also plays a role. You can choose to pay a $250, $500, or $1,000 deductible, for example, to adjust your premiums.
Finally, different states also have significantly different ATV insurance requirements. Some states have no ATV insurance requirements whatsoever. Other states require you to have specific types of insurance with specific ATV insurance limits.
Overall, ATV insurance is similar to car insurance: you can buy bodily injury and property damage liability coverage to cover damages you inflict on other people and property. You can also buy additional policies like medical payments coverage, comprehensive and collision coverage, and uninsured and underinsured motorist coverage.
Depending on a number of factors, you can expect to pay anywhere from $100 to $1,500 per year for ATV insurance. Compare policies today to make sure you get the best possible deal on ATV insurance.