You just bought your brand new ATV, you grab your gear, load up, and head out to your favorite trail. All you can think about is being in the great outdoors enjoying your new ride. Are you really interested in thinking about insurance at that moment? Probably not, but you probably should consider when it makes sense to insure your ATV.
State Law
In some states, you are not required to have insurance if you will only be using your ATV on your property. If you take the vehicle to public land, like a state park, you may be required to have coverage. In Michigan you are not required to have liability coverage no matter where you operate your ATV. Although, it’s still important to consider your risks and evaluate the protection of an insurance policy, no matter what state law dictates.
Cost to Repair or Replace my ATV
Insurance is there to help pay the cost to repair or replace your ATV. If you are in an accident and don’t have insurance, can you afford to pay for repairs? If your ATV is stolen, will have the ability to purchase a new one?
Cost of an Accident
If you are in an accident that results in damage to someone else’s property or an injury to someone else, you could be held responsible. That means you may have to pay to repair their property and/or their medical expenses. There could even be a lawsuit filed to recover damages, which insurance helps to protect you financially in these situations.
ATV insurance protects you from becoming financially overwhelmed. When it comes to should I, or shouldn’t I insure my ATV, consider these items. If you have any questions, or are looking for a quote on your ATV, contact the My Member Insurance Agency at 989-791-5400. We have many competitive markets that can help you “protect what matters most” when it comes to your ATV.
