ATV Insurance – An Investment Worth The Expense

Riding an ATV can be a lot of fun. Ripping through the landscape with the wind blowing through your hair can give you a rush of adrenaline that cannot be beat. Unfortunately, owning an ATV comes with financial burdens that can quickly become burdensome. One way to reduce the financial burdens of owning an ATV is to insure it.

Does homeowners insurance cover ATV’s?

In some cases not at all. In other cases, the coverage is limited. Some homeowners policies do cover the cost of damage if the ATV is damaged by a fire or other disaster that is covered by the homeowners policy. For example, if your ATV is stored in the garage and the garage burns down, the policy will cover the cost of replacement. This is only true if your policy covers the ATV.

In some cases, the homeowners insurance does not cover theft or damage on any ATV that you own. Some insurance providers require that you have an ATV insurance policy in place. The only way to be sure that your ATV is covered is to read you policy or contact your agent.

What does ATV insurance cover?

There are different levels of ATV insurance. They include:

Comprehensive Coverage – Protects against theft, vandalism, flooding and damage caused by other natural disasters.

Collision Coverage –Protects against damage caused when you crash your ATV. The damage caused by crashes can add up to a significant repair bill. In many cases, the repairs exceed the insurance premiums and deductible costs, making it a sound investment.

Bodily Injury Liability – Protects you from medical expenses from injuries sustained by passengers or other riders that you may have caused.

Property Damage Liability – Protects you from financial burdens brought about by damage caused to another person’s property while riding your ATV. If you were to go through a neighbor’s fence, the policy would cover the cost of repairs minus the deductible.

Are there discounts available for ATV insurance?

The discounts available vary between insurance companies. Possible discounts include:

Rider safety courses – requires the completion of a certified ATV safety course

Multi-policy discount – carrying more than one policy with the insurance provider

Responsible rider discount – driving and riding record free of incidents

Higher deductibles – increasing the deductible on the policy to lower the premiums

Talk with your local insurance broker to learn more about insuring your ATV. Although the added yearly expense may not seem worthwhile, think about what it will cost to cover the damage to your ATV the first time you hit a tree head on or when you have to pay for a friend’s medical bills if you were to hurt him. It is an investment that is well worth the expense.