blank 12/23/13 10:34AM ATV, ATV Bike, Insurance

How to Reduce the Insurance Premium for Your ATV Bike
Guest Blog

If you own an All-Terrain Vehicle (ATV), you would want to ensure that it is appropriately insured. Insurance not only protects you from financial liability in case the ATV gets damaged, it is also necessary in case you want to drive it on public roads. However, insurance can be expensive, leading to most people looking for ways to lower their insurance premium.

Here are some tips you can use to reduce the amount you pay as insurance for your ATV bike.

Almost all companies calculate insurance premium by considering the risk to the ATV bike. For example, if the vehicle is easy to steal, you will have to pay a higher premium. You should consider investing in a good security system to make sure that the vehicle is well protected. It is also a good idea to store the ATV in your garage and not leave it in your driveway or your yard. Add a good ground anchor and make sure that your garage has a well-equipped locking mechanism. These measures make the ATV difficult to steal, and lowers the risk associated with the vehicle. This is reflected in your insurance premium as well.

Limiting the mileage of your ATV bike could help lower insurance rates. The more you use the quad bike, the higher the chances of it getting into an accident. Moreover, not using it too much would reduce wear and tear on different parts of the machine, helping keep repair costs low.

Most insurance companies consider your driving history while calculating premiums. If you have a history of being convicted for driving related offences such as speeding, rash driving, etc. you will end up paying a high premium, when compared to someone with a clean record. Even if you have previous issues with your license, there is no need to worry. Most convictions are wiped off the record after a set period of time. Just make sure that after your license becomes clean, you maintain it that way.

It is important to keep in mind the fact that different insurance companies use different benchmarks for calculating the insurance for an ATV bike. If one company quotes a high price, there is no reason to believe that other firms will do so as well. Remember to compare quotes from various insurance providers before making a final decision. Some companies provide quotes on their website, after you have filled in all the necessary parameters, while others send an agent who will assess your ATV vehicle before providing a quote.

A number of ATV insurance companies provide a discount if you place an order through their website. This is because they save on administration costs since you fill all the relevant details yourself. These savings are then passed onto you.

While buying insurance for your ATV bike, it would be better if you stick to large insurance companies which have considerable experience in the sector. Also make sure that you go through the policy to ensure that all your needs are met and there are no hidden charges, before putting pen to paper.

There are higher chances of an ATV getting damaged as it differs a lot from a normal two and four wheeler. They are expensive and so need to be insured from a good insurance company. 

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