There’s nothing quite like the heart-pounding fun that comes with riding your ATV or UTV. Off-road vehicles can handle nearly any rugged terrain you want to tackle, whether it’s for work around the farm or exploring a new trail. Of course, off-road fun is not without its risks. Your homeowner’s insurance may provide some protection when you ride around your own property, but they are probably very limited. Furthermore, that coverage probably ends the moment you ride or trailer your ATV off your property, leaving you vulnerable to liabilities and loss. With the right ATV or UTV insurance, however, you get the coverage you need bundled into one simple policy so that you can be protected no matter where you ride.
Risks of Ownership
Owning an all-terrain vehicle comes with a certain amount of risk even before you crank up the engine. It’s not uncommon to spend $10,000 or more on a new ATV or UTV, not considering the additional cost of upgrades and special equipment. If your vehicle is struck by lightning or a fire destroys it while it’s parked in storage, you could lose your entire investment without the risk coverage. Furthermore, the risks only increase when you are actually riding. There is the possibility of accidents and rollovers, not to mention liability if you injure someone else or damage their property.
Types of ATV and UTV Insurance
Coverage for ATVs and UTVs is usually custom-tailored to the needs of the rider. At Luxor Insurance, we consider a wide range of variables when calculating your coverage needs. Things like where you intend to ride, how often you will ride, who will ride with you, and the type of all-terrain vehicle you will ride all factor into our recommendations. Your policy may include coverage for:
Accidents can happen while riding your ATV, whether you clip a tree, roll your vehicle, run through someone’s fence line, or hit another ATV. If your off-road vehicle is damaged in a collision with another vehicle or object, collision coverage can help pay for its repair or otherwise compensate you for the value of your loss if it is destroyed. Deductibles generally apply to collision claims, which you can select at the time you purchase your policy.
Comprehensive coverage is protection against non-collision events. These are often some of the most unexpected damages, such as fire, theft, and vandalism. Like collision claims, comprehensive claims against your ATV are also subject to a deductible. However, this coverage could end up saving you thousands of dollars in the event of a loss.
Property Damage Liability
If you make a wrong turn and end up on the wrong property, you could be sued for damages you cause to the land and surrounding structures. Similarly, if you round a corner straight into the side of a parked car, you might be financially responsible for repairs to that vehicle. With property damage liability coverage, you can relax knowing your insurance covers property damages and legal expenses up to the limits in your policy.
Bodily Injury Liability
Injuries are no laughing matter – especially pertaining to ATV accidents. If you cause an accident that injures a pedestrian or another motorist, you could be sued for medical bills, lost wages, and more. Instead of facing years of wage garnishment and liquidation of all your savings and assets, make sure you have high bodily injury liability limits that cover you against expensive litigation and minimize the amount you might have to pay out-of-pocket toward someone else’s loss.
Medical payments is coverage for you and your passengers if you are injured while riding. It pays limited benefits for necessary medical expenses regardless of who is at fault for the injuries.
When the negligence of others results in injury to you or your passengers, you rely on the at-fault driver’s insurance to cover your damages. If the at-fault driver has no insurance or has too little insurance, however, your uninsured motorist or underinsured motorist coverage can help pay for your losses.
A standard ATV or UTV insurance policy may cover the restoration of your vehicle, but it might not reimburse you for the loss of your aftermarket parts and upgrades. If you’ve made enhancements to your off-road vehicle or added custom parts to it, be sure to ask your agent about additional coverage for your special equipment.
How Much Coverage Do You Need?
At Luxor Insurance, we understand the unique needs of ATV riders, whether you use your vehicle to hunt, work, or play. Depending on your riding habits and the assets you want to protect against loss, we can narrow down the options and begin looking for a policy that is personalized to meet your needs.
ATV Insurance Discounts
We know that saving money is paramount when it comes to insurance for your recreational vehicle. No one should pay more than they have to, which is why we help you look for money-saving discounts that can help drive down the cost of your premiums. Although discounts can vary from insurer to insurer, many Indiana companies offer savings for riders who:
- Have a claims-free record
- Take a rider safety course
- Insure multiple ATVs
- Pay premiums in full
- Lay-up their ATVs during the off-season
- Purchase other lines of coverage, such as homeowners or renter’s insurance
- And more
Free ATV Insurance Quotes
If you are in the market for a new ATV, it’s time to start exploring your insurance options. Start your search with Luxor Insurance, where you can compare coverage and rates on Indianapolis ATV insurance in one convenient place. We offer support and guidance in your search for coverage, as well as assistance if you have questions about your coverage in the future.