All-terrain vehicles are fun to ride, but they can also be dangerous to you as you go bouncing across the terrain. You could have an accident and hurt yourself. ATVs have a high theft rate, according to GEICO. To protect yourself against the dangers and mishaps of owning and operating an ATV, you need ATV insurance.
The basic ATV coverages are the same as you get with automobile insurance. Collision coverage pays for damage to your ATV when it hits something or is hit by something. Property damage liability covers damage you may do to someone else’s property while driving your ATV and it also pays for your legal defense if you are sued because of an ATV accident. Bodily injury liability protects you against damage if you injure or kill someone while driving an ATV and also your legal defense in such an accident. Comprehensive damage covers you from loss other than from a collision. Medical payments coverage pays your medical bills for you and your passengers. Uninsured motorist coverage protects you from claims filed involving an uninsured motor.
Liability Only Insurance
You can sometimes find a company that will offer a liability only ATV policy. It’s bare bones coverage that will save you money, but will cost you money if you are ever in an accident. It won’t pay out if your ATV is damaged or lost due to theft, fire, or vandalism. Don’t expect your homeowner’s insurance to cover any of these damages either. Your ATV will only be covered by your homeowner's policy if you park your ATV in your garage or other building on your property.
You can purchase additional insurance coverages if you want to make sure your ATV is fully protected. If your ATV breaks down, you can get towed to a garage if you have towing and labor coverage. You can have aftermarket parts paid for if you have custom parts and equipment coverage. Replacement cost coverage will pay for what it costs to replace a stolen or damaged ATV rather than simply paying the book value of the ATV. Roadside assistance coverage will help get your ATV running again if it breaks down.
Making It Street Legal
When purchasing your ATV insurance, inform your insurance agent whether it is used for off road riding. Your insurer may require modifications to the ATV to make it street legal, such as having windshields, turn signals or special licensing. If you don’t notify your insurance company and have an accident, the company may say that the your policy was voided because you didn’t make your ATV street legal.