Top Tips for Saving on ATV Insurance Cost

If you’re an ATV owner, you’re probably wondering, how much is ATV insurance, and more importantly, how you can save money on your premiums. ATV insurance is a necessity for protecting your vehicle against theft, damage, and liability, but it doesn’t have to break the bank. In this article, we’ll explore the best strategies to lower your ATV insurance cost while ensuring you still have comprehensive coverage. By following these tips, you can secure a policy that fits your needs and your budget.

1. Shop Around for the Best Rates

One of the simplest and most effective ways to save on ATV insurance cost is to shop around. Insurance rates can vary significantly between providers, so it’s essential to get quotes from several different companies. You may find a more competitive rate that offers similar coverage for less money.

How to Shop Around:

• Request multiple quotes: Don’t settle for the first offer you receive. Contact several insurance companies and request quotes for the same level of coverage.

• Use comparison tools: Online comparison websites make it easy to compare ATV insurance rates from multiple companies at once.

• Consider independent agents: Independent agents work with multiple insurers and can help you find the best deal for your specific situation.

2. Bundle Your ATV Insurance with Other Policies

Many insurers offer discounts when you bundle your ATV insurance with other types of coverage, such as home, auto, or boat insurance. Bundling your policies can result in significant savings on your ATV insurance cost.

Benefits of Bundling:

• Multi-policy discounts: Insurance companies often provide discounts ranging from 5% to 25% when you bundle your ATV insurance with other policies.

• Simplified payments: Bundling your insurance policies can streamline payments, making it easier to manage your finances.

Before purchasing ATV insurance, check with your current insurer to see if they offer bundling discounts for adding your ATV to an existing policy.

3. Increase Your Deductible

Another straightforward way to reduce your ATV insurance cost is to increase your deductible. Your deductible is the amount you pay out of pocket before your insurance policy kicks in to cover a claim. By choosing a higher deductible, you can lower your monthly premiums.

Considerations for Increasing Your Deductible:

• Evaluate your ability to pay: Make sure you can afford the higher deductible in case of an accident or damage.

• Calculate savings: Compare how much you’ll save on your premiums with the higher deductible against the potential cost of paying the deductible in the event of a claim.

Increasing your deductible can be an effective way to save money if you have the financial flexibility to handle a higher out-of-pocket cost in the event of a claim.

4. Consider Liability-Only Coverage

If your ATV is relatively inexpensive and you don’t use it frequently, you may be able to save money by opting for liability-only coverage. Liability coverage protects you in case you cause injury or damage to others while riding, but it does not cover damage to your own ATV.

When Liability-Only Coverage Makes Sense:

• Limited usage: If you use your ATV infrequently and mainly for light recreational purposes, liability-only coverage might be sufficient.

• Lower value ATV: If your ATV is older or worth less money, comprehensive or collision coverage may not be worth the extra cost.

Liability-only insurance is usually much cheaper than full coverage, and it can be a good option for those looking to lower their ATV insurance cost without completely sacrificing protection.

5. Maintain a Clean Riding Record

Just like with auto insurance, your riding history plays a major role in determining your ATV insurance cost. Insurers typically offer lower rates to riders with a clean record and no claims history. By maintaining a good driving record, you can save money on your premiums over time.

How to Maintain a Clean Record:

• Take safety courses: Completing an ATV safety course not only improves your riding skills but can also qualify you for discounts from your insurance provider.

• Avoid risky behavior: Stay within speed limits and avoid riding under the influence of alcohol or drugs, as these can increase your risk of accidents and result in higher premiums.

A clean riding record shows insurance companies that you’re a responsible rider, and it may help lower your ATV insurance rates.

6. Limit Your Coverage During Off-Season

If you live in an area with harsh winters and don’t plan to use your ATV during the cold months, you may be able to lower your ATV insurance cost by reducing your coverage during the off-season. Many insurers offer the option to switch to a seasonal policy or to reduce coverage when you’re not using your ATV regularly.

Options for Off-Season Coverage:

• Winter lay-up: Some companies offer a “winter lay-up” policy, where you only pay for comprehensive coverage (for things like theft or weather damage) while your ATV is stored for the winter.

• Temporary suspension of liability coverage: If you’re storing your ATV and not riding it, you can opt to temporarily suspend liability coverage until the riding season resumes.

By reducing coverage during the months when you’re not riding, you can significantly lower your ATV insurance cost for the off-season.

7. Add Safety Features to Your ATV

Installing safety features on your ATV can help reduce your insurance premiums. Many insurers offer discounts for ATVs equipped with anti-theft devices, enhanced lighting, or safety tracking systems. These features reduce the risk of theft or damage, making your vehicle less risky to insure.

Safety Features That Can Lower Your Premiums:

• Anti-theft devices: Installing GPS tracking or an alarm system can help reduce your ATV insurance cost.

• Roll cages or safety gear: Adding roll cages or upgrading safety features might help reduce your liability coverage cost.

• Lighting and reflectors: Adding better lighting systems or reflectors increases visibility and can result in lower rates.

By enhancing the safety of your ATV, you can lower your premiums while improving your safety on the trails.

8. Review Your Policy Regularly

Insurance needs can change over time, so it’s important to review your ATV insurance policy regularly to ensure it still fits your needs and budget. As your ATV ages or if your riding habits change, your coverage requirements may shift, and you may be paying for unnecessary protection.

What to Review:

• Coverage limits: As your ATV depreciates in value, you may not need as much coverage.

• Policy discounts: Make sure you’re taking advantage of any discounts you qualify for.

• Riding habits: If you ride less frequently or only on trails, you may not need full coverage.

By reassessing your policy every year, you can make adjustments that keep your ATV insurance cost in check.

Conclusion: How to Save on Your ATV Insurance Cost

If you’re wondering how much is ATV insurance, you should know that there are several ways to reduce your premiums without sacrificing coverage. By shopping around for the best rates, increasing your deductible, considering liability-only coverage, maintaining a clean record, and installing safety features, you can significantly lower your ATV insurance cost.

Remember to review your policy regularly and adjust your coverage as needed. With these tips, you can enjoy peace of mind knowing that you’re getting the best deal on your ATV insurance while keeping your costs low.