Quad bike insurance may also be referred to as ATV insurance. Like all insurance policies, the amount you pay for your cover will depend on a number of factors, including the way you use your quad bike, and the specific type of vehicle you drive.
In this post we will outline some of the factors that can affect the price of a quad bike insurance policy.
How Much Does Quad Bike Insurance Cost?
It is hard to give a ballpark figure for the price of a quad bike insurance policy, as the cost can vary greatly from person to person. Below we will explore the key factors that can influence the price of your policy. If you would like a free quote for ATV cover, be sure to get in touch.
What Can Affect The Price of Quad Bike Insurance?
Your Personal Circumstances
Insurers will take your personal circumstances into consideration when calculating the cost of your cover. Among other things, they will factor in your age, your driving history, and your location.
Younger drivers tend to get involved in more accidents than older and more experienced drivers, so the younger you are, the more you are likely to pay for your cover.
Similarly, if you have a history of insurance claims, or if you have any spent or unspent convictions on your licence, your insurer may consider you a higher risk driver, and increase the price of your policy accordingly.
Your location can also affect the cost of your cover. Quad bikes and ATVs are prime targets for thieves, as they can fetch a good price on the second-hand market. Vehicle theft tends to be more prevalent in certain areas. So, if you are based in a location with high crime rates, it could result in higher premiums.
The Type of ATV You Drive
The more expensive and powerful your quad bike or ATV, the more it will cost to cover.
This is because thieves may be more likely to target high-end quad bikes and ATVs. Also, powerful vehicles may be more likely to get involved in accidents. And if they are damaged, they may cost more to repair.
How You Use Your Quad Bike
Your mileage can affect the cost of your cover. The more you use your quad bike, the more likely it is that you will be involved in an accident. So, the higher your mileage, the higher your premiums.
Insurers will also want to know whether you will be using your quad bike off-road, such as for agricultural purposes, or whether you will be taking it onto public roads. Off-road quad bike insurance usually costs less than on-road insurance, as it does not need to include any cover for third parties.
Where You Store Your Quad Bike
As we have already mentioned, quad bikes and ATVs can be a prime target for thieves. If you can take steps to secure your quad bike when not in use, it can bring down the cost of your cover.
Storing your quad bike or ATV in a locked garage, ideally with CCTV cover and automatic floodlights, can deter thieves and lower your premiums. On a similar note, installing alarms, trackers, or immobilisers on your quad bike can also get you a discount.
Types of Quad Bike Insurance
We mentioned above that you can choose between on-road and off-road cover. In either case, you will have a choice of different levels of cover. And obviously, the more substantial cover you get, the more you will pay.
- On-road Quad Bike Insurance – You will be able to choose between third-party only cover, third party with fire and theft, and comprehensive cover. Optional extras might include breakdown cover, personal accident cover, cover for driving abroad, and cover for certain bits of kit, such as your helmet and leathers.
- Off-road Quad Bike Insurance – The cost of this will depend on how you use your quad bike, and how often you use it. If you use your quad bike or ATV for agricultural work, for example, you might want personal accident cover, and cover for certain equipment and accessories. If you use your quad bike for sport or leisure purposes, you might need specialist track day cover, and cover for driving abroad, should you take part in international events.
Get The Quad Bike Cover You Need At The Best Possible Price
James Hallam is an independent Lloyd’s broker with a dedicated team of experienced insurance professionals who care about protecting your assets.
While historically it has not been easy to insure quad bikes and ATVs because only a limited number of insurers provide this cover, it is a market where we have extensive experience. We provide specialist ATV insurance for clients who use their ATVs in connection with agricultural work or shoots. We also provide a specialist scheme to BASC members giving them additional benefits.
Learn more about our dedicated ATV and quad bike insurance services.