Are you wondering whether you should get insurance for your ATV? Well, it’s not a one-size-fits-all answer. The need for ATV insurance is influenced by various factors, such as where and how you ride, as well as local laws and regulations.
In many cases, having insurance for your ATV is highly advisable. Accidents and unexpected mishaps can occur, and having coverage can provide peace of mind. It’s not just about protecting your investment; it’s also about safeguarding yourself and others in case of accidents.
So, let’s delve into the details of ATV insurance – when and why you might need it, what it typically covers, and how you can make an informed decision about whether it’s right for you. Whether you’re a recreational rider or use your ATV for work, understanding your insurance options is essential to ensure you’re adequately protected.
Here Are Some Factors To Consider
- State or Local Laws – Some states in the U.S. and jurisdictions worldwide require owners to have insurance, especially if you plan to ride on state-owned land or public trails. Always check your local regulations.
- Financing – If you have taken out a loan, the lender might require you to carry it, much like they would for a car or motorcycle, to protect their investment. Not every bank requires this, but still a good idea to get it.
- Where You Ride – If you’re only riding on your private property, you might not be legally required to have insurance. However, many trails and parks you ride on may require insurance before they give you a riding pass.
- Liability Concerns – They’re dangerous. If you injure someone or damage someone’s property, you could be held financially responsible. Liability insurance would be a smart idea.
- Protection of Your Investment – Accidents, theft, and damage can occur even with the best of riders. Insurance can help cover repair or replacement costs, in some situations.
- Organized Events – If you do racing or organized rides, the event organizers might require all participants to have it. I’m seeing this be more common these days in large riding groups.
- Road legal – Some states, counties and countries allow ATVs to use the road which require them to have it.
Side By Sides & Road Legal
Side by sides have all the same concerns when it comes to needing insurance as ATVs, but more so on the road-legal part.
You’ll find more states allowing side by sides to be driven on the road with the right gear and, of course, with insurance.
Not every quad can be driven on the road, but many side by sides are starting to be allowed by many places.
The General Costs
ATV insurance can cost anywhere from $80 to $300+ a year, depending on what you need.
Side by side or UTV insurance tends to cost more than 4-wheeler insurance.
Slightly Expensive, But Worth It
Compared to car insurance, many 4-wheeler riders are shocked by the cost of insurance. Below is the list of reasons why the insurance can be so high.
- They’re more dangerous.
- No extra protection like you would have from the roll cage and airbags of a car.
- Easier to steal.
- No driving school required, so you end up with more inexperience drivers on ATVs.
- Power sports things cost more, like parts, so insurance will cost more.
- Not many safety features or requirements in many states for safety gear.
Most things that are seen as “toys” tend to have a higher cost to them, especially on insurance. Combined with all the things listed above, it can be expensive. You can often save money by bundling it, but it’s always best to shop around for quotes.
Worth It – For Sure
Having insurance is worth it.
Unexpected events happen, and insurance helps cover costs. It may not cover everything, but it’s a wise investment.
Even if not required, it’s smart, especially with unpredictable situations and friends.
Maintenance Costs Are Not Related To Insurance
Insurance does not cover maintenance on your ATV.
Many dealerships have maintenance contracts that you can buy to help with the cost of the maintenance.
Wear items like tires and brakes are not something insurance will cover due to normal riding and wear. Insurance is more for the things that you don’t expect, like someone stealing it, or it falling down the side of the mountain.
Just Get The Insurance
ATV insurance varies by personal factors and local rules. Still, it safeguards against financial strains during unexpected events like rough rides or accidents.
Consider the potential costs and remember, it’s better to have insurance and not need it than the other way around.