All-terrain vehicles (ATVs) can enable you to take thrilling adventures and explore the world beyond its beaten paths. However, given their fast speeds and frequent off-road use, these automobiles also entail significant risk levels. Regardless of how skilled and experienced you may be behind the wheel, accidents and other incidents could inevitably occur, potentially damaging your vehicle or incurring expensive financial repercussions. That’s why having sufficient insurance is necessary.

How Can I Insure My ATV?

When seeking to insure your ATV, you should be aware that suitable policies may go by multiple names. In some cases, insurance companies may offer coverage solutions specifically for ATVs. Meanwhile, other carriers might sell policies for toy vehicles (e.g., ATVs, boats and snowmobiles) that can be tailored to specific circumstances.

Why Is Coverage Important?

Like many insurance products, toy vehicle insurance policies can often be customized to meet your unique needs while accounting for your risk tolerance and budgetary limitations. Still, while the exact details of policies may vary, several common features may be advisable for most ATV owners, such as the following:

• Bodily injury liability coverage may help pay for other parties’ medical bills and financial losses if you’re at fault in an accident.
• Property damage liability coverage may offset third-party losses if you’re responsible for accidents that damage their vehicle, building or other property.
• Collision coverage may assist with repair costs if your ATV is damaged in a crash.
• Comprehensive coverage can cover non-collision incidents that damage your vehicle, such as fires, floods and vandalism.
• Uninsured/underinsured motorist coverage may ensure you can recoup your losses should another party be responsible but lack sufficient insurance.

Is Insurance Required?

Although insurance may not always be required for these vehicles, you could still be obligated to retain coverage by other mandates. For example, lenders may require coverage if you’ve purchased your automobile with their assistance.

Get the Right Coverage

Contact Abbott Insurance today to learn more about coverage options for ATVs and other toy vehicles or to compare personalized quotes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.