ATV Insurance in Vermont
What is ATV Insurance?
Many Vermont residents have ATVs that they use for either practical or recreational purposes. While these non-road vehicles are both useful and fun, getting on one comes with an inherent level of risk. ATV insurance won’t prevent an accident from occurring, but it may help protect residents who own these vehicles from the financial consequences of covered accidents.
ATV insurance is a highly specialized form of insurance that’s designed to protect ATVs and the people who ride them. Most policies are written as package policies that offer a web of protections.
What Coverages Do ATV Policies Offer?
The exact coverages that ATV policies offer can vary, but they usually include a combination of ATV property insurance coverages and ATV liability insurance coverages.
The ATV property insurance coverages included in a policy normally provide protection for the insured ATV itself. Some property coverages that a policy might include are:
- Collision Coverage, which may cover damage sustained during collisions involving another vehicle
- Comprehensive Coverage, which may cover damage sustained in non-collision incidents
- Accessories Coverage, which may extend protections to aftermarket parts, a trailer and protective equipment
The ATV liability insurance coverages included in a policy typically offer protection against lawsuits that hold an ATV owner responsible for injury or damage that’s sustained during an accident. Some of the ATV liability insurance coverages that a policy might provide include:
- Property Damage Liability Coverage, which may cover damage caused to other people’s ATVs and other property
- Bodily Injury Liability Coverage, which may cover injuries caused to people who aren’t riding a policyholder’s ATV
- Personal Injury Protection (PIP), which may cover injuries caused to people who are riding a policyholder’s ATV
In addition to these coverages, ATV policies frequently also include uninsured or underinsured motorist coverage. This protection might help cover costs associated with accidents caused by another ATV owner or a driver who doesn’t have adequate insurance coverage.
Who in Vermont Needs an ATV Policy?
The legal requirements for carrying an ATV policy vary throughout Vermont. Although there is no state law requiring ATV owners to have insurance, many towns that maintain connector trails require anyone who uses their trails to maintain a minimum level of ATV liability insurance. Anyone who uses these trails to access main trails must be in compliance with the minimum coverage requirements. ATV owners can find out whether the trails they use have associated minimum coverage requirements by contacting the governments that maintain those trails.
Even when an ATV policy isn’t legally required, purchasing one is often still a wise decision. ATV accidents occur every day, and they can be expensive. Without adequate coverage, a single accident could leave an ATV owner financially devastated.
Do ATVs Need to Be Insured When in Storage?
ATV owners who use their vehicle seasonally may be tempted to drop coverage when their ATV is put into storage. While this may yield some short-term savings, it’s generally not advised because dropping coverage often leaves an owner without any protection if their ATV is damaged while in storage.
Instead of dropping coverage altogether, ATV owners can adjust their insurance coverages for the time when their ATV is in storage. Reducing certain coverages may lower premiums without sacrificing any protections that are still needed. Of course, the coverages should be re-adjusted when the ATV is taken out of storage for the following season.
How Can ATV Owners in Vermont Get ATV Insurance?
For help ensuring an ATV, Vermont residents who have these vehicles should contact an independent agent who specializes in ATV insurance. An independent agent will be able to quickly get quotes from several insurers, and an agent who specializes in this type of insurance will be able to help ATV owners compare the different policies’ coverages. Having experience helping other ATV owners will give an agent the experience necessary to make informed coverage recommendations.