Off-Road vehicles are fun! But, they can be dangerous and as such you should make sure you have the coverage to protect your toys from damage and of course theft.
Why do you need insurance for off-road vehicles?
You may be thinking that you don't need to insure your ATV, ORV or whatever your toy of choice is. You don't drive it on the road so you don't need an auto insurance policy for it and your household insurance may cover it as a possession if it is stolen and the liability extension might cover the cost if you injure someone?
So the first thing you should do is check with your insurance agent to find out if your current cover would extend to your off-road vehicle or not. If it does, do you really want to make a claim? Do you want your household insurance to go up because you rolled your ATV?
Off-road vehicle insurance works the same as a regular auto policy with the same options for coverages. They are considerably cheaper than a regular auto policy though, the cost to replace ATV's and alike is much lower than that of a car or truck and most accidents involve only yourself so there a relatively few liability payments. Lower risk to the insurer means lower premiums for you!
What does Recreational Insurance cost?
There is no one size fits all for this type of insurance, your agent will help you select the correct specialized policy for your vehicle. The cost will vary due to the associated risk of the vehicle, for example, your more likely to roll (and damage) a dune buggy than you are a golf cart!
With the correct policy chosen to get the base cost most of the same rating features like your age, sex and driving record will be used to calculate your premium.
Should I have any other coverage?
Yes, It could be beneficial to have additional insurance linked to your off-road vehicle. How will you transport it? you may need additional coverage for a trailer. Do you have any specialized or expensive tools for its maintenance? you may want to a policy to insure this equipment. We recommend you speak to your insurance agent and review all the policies you have to see what may or may not be covered, they can then help you find the most cost effective way to limit your exposure to risk.