You can have a lot of fun driving All-Terrain Vehicles, otherwise known as ATVs, but it’s important that you know the risks involved. ATVs can be extremely dangerous to drive, and injuries are frequent amongst ATV drivers. It is definitely in your best interest to take steps to protect interests in the event of an injury, but the ‘ins and outs’ of insurance policies for niche vehicles like ATVs are often unknown or misunderstood.
Today, we’ll walk through a few basic questions on ATV insurance. By the end of the article, you should be up to speed on the issue.
Am I Required To Get ATV Insurance?
It’s common knowledge that car insurance is required, for all drivers. If you’re driving without insurance, you’re not only putting yourself in a bad position, but imposing those same risks on every other drive on the road. However, ATVs are different in nature, because they are normally driven in open spaces, free from the risks involved when other drives are added to the equation. Consequently, they are also far less regulated than cars are.
So are you required to get ATV insurance? The answer is that it depends. Sometimes insurance might be required in order to drive an ATV on public land, however, this varies state-to-state. Regardless of what state you live in, buying ATV insurance is an indisputably wise investment. Without it, an accident or injury could threaten your life or land you hopelessly in debt.
What Does ATV Insurance Cover?
Of course the exact stipulations will vary from one insurance policy to another, but in general, you should expect your ATV insurance to cover, or have options to cover all of the following:
- Collision Coverage: If your ATV is damaged in an accident, the repairs will be covered by your insurance policy.
- Liability Coverage: If you are injured, you will be reimbursed for your medical expenses. If your property is damaged, the repairs or replacements will also be covered. And on the off chance that you are sued, your legal fees will be taken care of.
- Comprehensive Coverage: If your ATV is damaged in an unexpected way, such as a fire, inclement weather, or vandalism, you will be reimbursed for the repairs.
- Uninsured Motorist Coverage: If you are in an accident with a motorist who does not have insurance, or does not have enough insurance to cover your expenses, you will have a guaranteed safety net.
How Much Does ATV Insurance Cost?
There is no easy answer to this question, as the exact cost hinges on a plethora of different factors. The only guarantee we can give you is that your insurance policy, and its cost, will be tailored specially for you.
What Determines The Cost Of My Policy?
This is a better question to ask than the previous one. The short answer is this: everything. Almost everything helps determines your policy. Insurance companies take an extremely comprehensive approach to determining insurance rates when it comes to ATV policies. Here are a few questions that they are likely to explore…
How old are you? What kind of driving record do you have? What are the make, model, and year of your ATV? How fast can your ATV go? Is there anybody else that will be using your ATV? If so, who are these people? How old are they? What are their driving records like? What’s your credit history? How will the ATV be used? The list goes on. To find out for sure, contact an insurance agent!
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