As the owner of an ATV, you’ve got mud to sling and trails to wind. All-terrain vehicles are built for tough jobs and outdoor fun, but they also come with risks. At Binford Insurance, we help adventurers like you find quality insurance protection that reduces your financial risks while helping to protect you, your four-wheeler, and your passengers. Our policies can also help you stay compliant with riding local and state laws if you decide to ride on public lands. So, before you head out on your next excursion, talk to an independent agent about the coverage you need.
Homeowners vs. Stand-Alone Coverage
Why protect a moving vehicle with a policy that is meant for your home? While homeowners insurance sometimes provides certain protection to all-terrain vehicles, the coverage is typically very limited and does not extend beyond your own property. Furthermore, it is unlikely to cover all types of accidents and damages, which could leave risky gaps in your coverage. With a stand-alone policy, you can trust that your insurance has been designed with your unique risks in mind. It can cover your four-wheeler, as well as your injuries and potential liability. Whether your ATV is at home, on the trail, or somewhere in between, ATV/UTV insurance can provide peace of mind and protection you can rely on.
Types of ATV/UTV Insurance Coverage
ATVs and UTVs require complex insurance policies with multiple coverage types. Depending on your needs and preferences, your policy may include coverage for:
Accidents can happen, especially when riding an all-terrain vehicle. Whether you roll your ATV on an ascending hill or collide with another four-wheeler, collision insurance can help cover the cost of repairing your vehicle after an accident. If your ATV or UTV is severely damaged, the insurer may compensate you for the loss of your ride with a settlement for its cash value. Note that collision insurance typically carries a deductible, which is the amount you will pay out-of-pocket for each claim. Low deductibles can reduce financial responsibility, whereas high deductibles can result in lower policy premiums. Talk to an agent for help deciding which deductible is right for you.
Did you know that theft is one of the biggest risks ATV and UTV owners face? If someone steals your off-road vehicle, comprehensive insurance can help reimburse you for your loss. It can also cover damages caused by non-collision events, such as fire, hail, fallen objects, and more. Like collision claims, any claims you make against comprehensive insurance are likely subject to your deductible.
Property Damage Liability
ATVs are designed to conquer grounds that traditional vehicles cannot traverse. If things get out of control, though, it could result in property damage. If you cause damage to someone else’s property while riding your ATV or UTV, property damage liability can help cover the costs.
Bodily Injury Liability
You cannot fathom injuring someone with your ATV, but accidents sometimes happen, even to the safest of riders. Bodily injury liability insurance helps cover damages due to third-party injuries for which you are at-fault. This can include judgments, settlements, and legal fees if you are sued. We recommend high liability limits, as you may be personally responsible for paying excess damages beyond the limits of your coverage.
Your policy may include medical payments coverage for you and your passengers. This coverage helps pay for your personal medical bills and those of your passengers due to injuries while riding your four-wheeler. Medical payments coverage is typically limited to no more than a few thousand dollars, which is often enough to cover a health insurance deductible or an emergency room bill. If you were injured due to the negligence of another person, you can still pursue compensation of liability even if you make a claim against your medical payments insurance.
Uninsured (UM)/Underinsured (UIM) Coverage
Since ATV insurance is not always required of riders, many choose to forego coverage. If you are injured by an uninsured rider or another responsible party, you can file a claim against your UM coverage to obtain compensation for your losses. UIM coverage works similarly, filling in gaps when at-fault parties have too little insurance to cover your losses.
From your winch and tire chains to your snorkel kit and wake tower bars, protect your aftermarket parts and accessories with special equipment coverage. Talk to an agent to learn what is already covered and which enhancements may need additional protection under your policy.
Indiana ATV/UTV Insurance Quotes
If you own an ATV, UTV, or other off-road vehicles in Indiana, we here at Binford Insurance want to help you find an affordable policy that fits your needs. We can make recommendations for coverage based on the type and age of your vehicle, where you ride the most, what you stand to lose in a lawsuit, and more. We can also look for valuable discounts to help you save even more. These can vary from insurer to insurer, but they often include savings for:
- Being claims-free
- Completing an approved ATV rider safety course
- Storing your ATV for part of the year
- Insuring multiple off-road vehicles on the same policy
- Paying premiums in full or enrolling in automatic payments
- And more
The trails are calling. Contact Binford Insurance to get a handle on your ATV or UTV insurance, and request your free quote today. We look forward to serving you soon.