ATV riding is more than a means of transportation; it’s a sport, too. Whether you ride while you hunt, use your vehicle around the ranch, or look for thrills on the trails, chances are your ATV is up to the task. Of course, all-terrain vehicles aren’t cheap, and riding them can be risky. Don’t take a chance with your investment by choosing the wrong insurance. Instead, let Mark Leonard help you find affordable, quality ATV coverage that’s as tough and reliable as your ride is.
Homeowners vs. ATV Insurance
Some homeowners insurance policies offer coverage for ATVs, although the protection is usually very limited and restricted only to certain areas and loss events. Furthermore, many policies do not offer any coverage at all once your ATV leaves your own property. On the other hand, an ATV insurance policy follows your all-terrain vehicle nearly anywhere it may go, including to areas that require you to carry coverage, such as state parks.
ATV risks are multi-faceted. There’s the obvious possibility that something could happen to your four-wheeler, wiping out the investment you made when you purchased it. There is also the possibility that you could cause an accident that results in expensive property damage or injuries. In that case, you could be sued for the damages, medical bills, and other expenses. Depending on the extent of the injuries and damages, you could face judgments and settlements worth tens or even hundreds of thousands of dollars.
Types of ATV Insurance Coverage
ATV insurance policies are divided into different types of coverage. Some protect you against injuries, some protect your four-wheeler, and some protect your income and assets against litigation. Knowing how much and which types of coverage to purchase is essential to prevent financial loss. At Mark Leonard Insurance, we help you build personalized coverage based on a wide range of factors, including where you ride, how often you ride, who rides with you, and more. Your ATV insurance may include protection for:
Collision coverage compensates you for physical damages to your ATV when they are caused by a collision with another vehicle or object. Although the coverage is subject to your deductible, it can save you thousands of dollars on repairs. It can also reimburse you for the total loss of your ATV if the cost to repair it exceeds its cash value.
Comprehensive is the other side of physical damages coverage, compensating you for ATV damages caused by non-collision events. This includes run-ins with wildlife, fire, theft, vandalism, and more. Like collision coverage, any claims against comprehensive coverage are subject to your deductible.
Property Damage Liability
When you damage someone else’s property while riding your ATV, you can be held financially and legally responsible for the loss. It could be something as minor as a damaged fence or as major as a dented car. In either case, your property damage liability insurance can help pay for the damages up to the limits of your policy.
Bodily Injury Liability
If you injure someone while riding your off-road vehicle, there could be serious financial repercussions. Not only might you be sued for the medical bills that ensue, but you could also be sued for lost wages, emotional damages, court costs, and more. Instead of letting a six-figure judgment wreck your savings and financial plans for the future, talk to your agent about purchasing high-limit liability coverage that will minimize your risks.
If you roll your ATV and need medical attention, your medical payments coverage can compensate you for the necessary medical expenses up to the limits of your policy. This coverage pays benefits for you and your passengers regardless of who is at-fault for the accident.
When at-fault drivers and riders fail to purchase enough insurance to cover their liabilities, they put victims at risk. If you are injured by an uninsured or underinsured motorist while riding your ATV, look to your uninsured motorist or underinsured motorist coverage to help foot the bill for your medical expenses and other injury-related losses.
If you make upgrades to your ATV or add after-market parts to it, you may need additional coverage that extends to those items. At Mark Leonard Insurance, we can help you cover ATV enhancements in the event of damage or loss.
How Much Coverage Do You Need?
As a general rule of thumb, we recommend purchasing as much liability coverage as you can reasonably afford since it’s not just your current savings, but also your future income that is at risk. However, each rider’s coverage needs vary, which is why we recommend working directly with your agent to determine how much insurance is right for you.
ATV Insurance Discounts
Insurers sometimes offer additional savings to riders who practice risk-reducing habits. Although discounts can vary from carrier to carrier, they often include savings for:
- Claims-free riders
- Riders who complete ATV safety courses
- ATV layup during the off-season
- Paying premiums in full
- Purchasing other lines of coverage
- Insuring multiple ATVs
- And more
Free ATV Insurance Quotes
If you are looking to upgrade your existing ATV coverage or are thinking about purchasing an ATV in the near future, we want to help you find affordable, quality coverage you can count on. As an independent agency, we are able to quote rates from multiple insurers instead of just one. It’s comparison shopping under one roof with the support and guidance of an experienced agent.