These days, it is easy to spend between ten and twenty thousand dollars on a new ATV or UTV. With this kind of an investment, you will probably want to fully insure your new vehicle, just like you would with a car of the same value. Even if the value of your off road vehicle is much lower, it is still prudent to carry Liability along with some other basic injury coverage on it. So what is the price to insure such a vehicle?
First, if you are buying a brand new four wheeler or side-by-side, you can probably expect to spend between $100 and $400 a year in premium, if you an adult over age 25 in Minnesota with a good driving and claim record and average or better credit. If your machine is somewhat older, your cost to insure it will likely fall in the lower half of this range or maybe slightly less.
If your ATV isn’t worth too much, your main concern may be protection in case someone is injured. If you qualify for preferred rates, many carriers may offer basic Liability and/or injury coverage for $75 per year (the minimum premium on many policies). If you find a carrier willing to add the coverage to an Auto or Homeowners policy, your price might be even less.
Keep in mind that there are many factors that affect an insurance rate. I’d be happy to answer your questions and provide you with a personalized quote to protect your investment, as well as your peace of mind.
Ken Cobb is owner of Pine Country Insurance and has been active in the insurance industry for over 15 years. Meet Ken.
Coverage descriptions found in this blog are summaries provided for general educational purposes and cannot fully detail the terms, conditions, limitations or exclusions of a specific insurance policy. Please read your policy carefully.