Have you ever experienced the thrill of taking an ATV off-road across a rugged and tough terrain? Though the vehicles were originally created for use on farms and ranches, they have become popular for recreational use among teens, young adults, and older folks as well. And as you can imagine, ATVs can also pose a significant risk, both physically and financially. Since they are not operated on paved roads, these vehicles face the dangers of unknown terrain on a regular basis — something that can be highly unpredictable. Without the right insurance coverage, you could quickly find yourself responsible for expensive medical bills and other damages incurred after an ATV accident. Continue reading to learn more about ATV accidents, injuries, and losses, as well as how you can protect yourself in the future.
All-terrain Liability Insurance
Liability is the primary concern when it comes to shopping for ATV insurance. Many people wrongly assume that ATVs are safer than motorcycles since they are stabilized on four wheels instead of two. The truth is that ATVs carry a high risk of injury and fatality among those who ride them. According to the American Academy of Orthopedic Surgeons, the number of injuries caused by all-terrain vehicles has increased from 10,100 to more than 150,000 per year since 2007. More than 1 in 4 of those injuries involved children, though the most affected age group is young men ages 18 to 30.
ATV liability insurance is coverage that kicks in when someone is hurt in an accident or the property of others is damaged. Like auto insurance, there are different levels of coverage that pays benefits for medical bills, lost time at work, and other losses associated with bodily injury to one of your passengers. It can also cover property damage if your ATV causes damage to someone else’s personal property, such as an ATV or a fence.
ATV Insurance Protects Your Investment
For most buyers, a simple entry-level ATV will not do. Whether it is being used for sport or work, minimum coverage will not likely be sufficient. Today’s all-terrain and utility task vehicles have more bells and whistles than ever before. In fact, many of them come straight from the manufacturer with features, such as high horse-powered engines, advanced shock systems, power steering and wide wheelbases for carrying more weight.
Carrying up to six people in some cases, these vehicles come with a high sticker price. Many carry MSRP sticker prices in excess of $20,000 – and that is before any after-market components are added. Prices are only expected to increase in the future as manufacturers continue the evolution of state-of-the-art ATV and UTV production. If you find yourself swapping out an old model for one of these newer showroom vehicles, be prepared to protect your investment. Like an automobile, all-terrain vehicles should be insured for property damage. A policy should include coverage for the vehicle’s value, as well as the value of any accessories added to it.
Find ATV Insurance Today
Since all-terrain and utility task vehicles are typically not covered by standard auto insurance in any capacity, a separate policy is necessary to protect against the unexpected. Whether or not you are required by your state or lender to carry ATV insurance, all-terrain vehicle coverage is a smart investment. Contact our office to speak with one of our helpful agents about the type of policy that will best fit your needs. We can custom tailor your coverage to ensure you are fully protected the next time you take your ATV or UTV for a spin. Contact us today for your free quote. We look forward to serving you soon.