All terrain vehicles (ATV) insurance has features similar to auto insurance or motorcycle insurance. These vehicles come in different models like three wheeled vehicles, four wheeled vehicles, six wheeled vehicles and eight wheeled vehicles. The important feature of these vehicles is that they have balloon like tires. ATV with four wheels is referred as ‘quad bike’ and those with three wheels are called as ‘all terrain motor cycles’. Vehicles with six wheels and eight wheels are used for special purposes.
Generally these vehicles ply on state owned land or park and are mostly used off-road. Hence they are popularly known as ‘Off-Highway Vehicles (OHV’s). These types of vehicles are commonly seen in agriculture fields or used for any business use. Many people have a fancy for ATV’s and they take it for rides or trails. Riders enjoy going on rides using all terrain vehicles especially during summer season.
Facts about ATV Insurance
All terrain vehicles have good mileage and can travel at high speed, say 60-70 miles per hour through trails of mud or hills. Since they have high speed, they are more prone to accidents. Moreover, they are portable and can be easily stolen. It is important to have ATV insurance to protect your vehicle from damages/theft and protect you from liabilities in case of accidents/injuries while riding.
What you need to know before buying ATV Insurance?
There are many things that you should know before buying ATV insurance. Insurance companies provide ATV insurance for all terrain vehicles. People have an assumption that home owner’s policy can take care of ATV but the coverage from this policy is restricted to the minimum extent. In order to have full coverage, it is advisable to go for ATV insurance. The coverage differs from state to state and has features similar to auto insurance. You can choose your options form a wide range of covers like collision coverage, comprehensive damage coverage, property damage coverage, bodily injury coverage, medical payments coverage and underinsured motorist coverage. The laws pertaining to ATV insurance varies from state to state.
Before buying ATV insurance it is necessary to research and find the right insurer. You can check the ratings of A.M. Best and other independent agencies who rate the insurance companies based on their financial strength, stability and their claims settlement history and by the customer satisfaction statistics. You can also ask your friends who have purchased ATV insurance to know which agent or insurance company will be the best choice for you. You can do comparison shopping by getting online quotations from different insurance providers to buy the best ATV insurance.
You can purchase ATV insurance policy directly from any insurance company or through your agent. Check for insurance quotes from different insurance companies and compare their premium rates/features. Insurance premium for ATV’s are higher as compared to auto insurance. Premium rates depend on various factors like type or model of your all terrain vehicles, age, past driving record and driving experience. Insurance companies offer customized insurance policy and also discounts like multi-policy discounts, multi-vehicle discounts, membership discounts and safety course/training discounts. Discounts are available for installing safety devices in the ATV. It is better to take a customized policy that will cover all risks including collision as well as comprehensive coverage.
In case of any doubts or clarifications on insurance covers, you can consult your insurance agent or find out from the website of the state department of insurance.