Buying an ATV can be expensive in several ways. First, you pay for the vehicle itself, but there's also fuel, maintenance, and insurance. It's critical to be equipped with the proper ATV insurance to protect your investment and yourself against losses due to collisions, theft, vandalism, and more.
Fortunately, there are many discounts that can help you save money on your coverage. An independent insurance agent in your area can help you find any ATV insurance discounts you may qualify for to reduce your policy's premiums. But first, let's start with a breakdown of some of the most common ATV insurance discounts you might be eligible for.
Top 8 ATV Insurance Discounts
Most ATV insurance companies offer several discounts that can help lower your ATV insurance cost. We'll take a closer look at eight of the most commonly offered ATV insurance discounts available from most carriers.
Safe Driver ATV Insurance Discounts
You may be eligible for a safe driver discount if you have an excellent driving record. Drivers with traffic violations, accidents, or DUIs are usually considered a much greater risk by insurance companies. If your driving record has been in good shape for at least two years, you may pay considerably less for ATV insurance than if you have marks on your record.
Bundling Discounts for ATV Insurance
When you bundle multiple policies together, such as your homeowners insurance, auto insurance, and ATV insurance through the same carrier, you can often save money on each type of coverage. Ask your insurer about bundling discounts if you have more than one type of policy.
Paid-in-Full ATV Insurance Discounts
An easy way to save money on ATV insurance is to pay your policy's premium upfront in one lump sum instead of in monthly payments. Your insurance provider may give you a reduced rate for an annual rate vs. monthly since it costs them less to process fewer payments and prepare fewer statements. If you can afford to pay your entire year's worth of ATV insurance coverage at once, it might be well worth it.
Anti-Theft Devices ATV Insurance Discounts
You can potentially get an ATV insurance discount by making it more difficult for criminals to steal your off-road vehicle or by installing a GPS tracking device that makes it easier to find if it gets stolen. Installing anti-theft alarms and other security devices can help you save money not only on your ATV insurance but also potentially help you avoid having to pay to repair or replace your vehicle altogether.
Affiliation Discounts on ATV Insurance
If you belong to a riding association, professional organization, or union, you may be eligible for a membership discount. Check with your independent insurance agent to see if your organization is included or if joining a riding group would qualify you for savings on ATV insurance. You may even be eligible to earn a discount thanks to your alma mater.
ATV Safety Course Discounts
Taking an ATV safety course can save you money in the long run. Insurance companies love to reward customers who take measures to improve their knowledge and reduce their risk of accidents and the chance of filing claims. Even if you already have a spotless driving record, you may still be eligible to earn an additional ATV insurance discount if you complete an approved ATV safety course.
Multi-Vehicle ATV Insurance Discounts
If you own more than one ATV, you might be able to save money on your coverage if you insure each of them through the same carrier. But you can also save money on insurance if you have various types of vehicles that need insurance, including personal watercraft. If you need boat insurance and ATV insurance, look for a carrier that offers both types of coverage so you can take advantage of these discounts.
Homeowner Discounts on ATV Insurance
You might be able to receive a discount on ATV insurance simply for being a homeowner. In addition to the bundling discount you'll likely receive if you get home insurance and ATV insurance through the same carrier, you might earn extra savings just because you own a home. Be sure to ask your independent insurance agent to check for this additional discount.
Here's How an Independent Insurance Agent Can Help You Save Money on ATV Insurance
Independent insurance agents have access to multiple ATV insurance companies that offer coverage in your area. They know where to find the best coverage and rates. Your agent can also help find and apply all the ATV insurance discounts you qualify for to reduce your premiums as much as possible. And down the road, your agent can even file ATV insurance claims for you and update your coverage as necessary.
