ATV Insurance Prices

Just curious to see what people are paying per year for there atv insurance....i've had 2 sportsman 450's bought new since 06 and i think i am getting raped for my premiums.....i pay roughly $700 a year for both....fire/theft no collision....my rate went up about $60 per machine this year as i recently switched auto policies to another company and dropped the auto so i lost the multi vehicle discount.....i would have switched the atv's over also but my new company doesnt insure atvs but will be in the near future.....plus i didnt have to pay a penalty for dropping my auto mid term but the savings was huge and had to do it......

I was told by co-op mine would be 300.00 not sure what that entails.

All I will want is Liability or the mininum the province forces me to have. I don't care about fire or theft.

$300 a year for a 2008 700, full coverage. I believe when I got it in 09 it was closer to $350 a year.

2005 King Quad 700. $225. In 05 when I bought it new it was $195.

$138 for a 99 350 Big Bear. Fire Theft & Liability.

$160 fire/theft/liability on 2007 kingquad 700 through "The Personal" only thing i have insured through them...

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Originally Posted by terrym

$138 for a 99 350 Big Bear. Fire Theft & Liability.

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About the same for my Big Bear. Through State Farm

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Originally Posted by mbhunter

About the same for my Big Bear. Through State Farm

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I'm with Wawanesa. Home, Auto, boat, ATV.

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Originally Posted by last5oh_302

$300 a year for a 2008 700, full coverage. I believe when I got it in 09 it was closer to $350 a year.

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I guess I should add that price is with a multiple vehicles (3), boat, RV (recently sold), ATV (and trailer), and house. That's with TD.

Thanks everyone.....i guess i will be shopping around for my atv's soon......

I will be as well. Remember when doing your shopping post your quotes in fact tell them your posting it.

$350 for full coverage on my 06 KingQuad 700 with TD Insurance.

$223 for theft/fire/liability on my 06 King Quad 700 through Economical.

$304.92
Full coverage
2012 AC 700 Limited

2007 Honda Foreman 500 at Angler's and Hunters Insurance is $357 - fire, theft, 1 million liability, and collision. $500 deductible on collision, $300 on comp. Thought about having no collision and changed my mind - eg. you'd have no coverage for trailering if someone hits you, your trailer blows a tire and flips, etc., or you yourself rack it up. Just happened to a guy I know - he got hit on the road while trailering his 2014 Honda and he's now out $13K on the machine (and his bush buggy)because he was not carrying collision.

Any one just paying for Liability?/ I don't care about fire or theft. I just want the bare minimum.

If you have it in a trailer and someone hits you while your driving down the road it is covered by your regular insurance. Same if it is your yard and it's stolen it falls under house insurance.

If someone steals it while I am in the woods it will be street justice. ;)

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Originally Posted by Fenelon

2007 Honda Foreman 500 at Angler's and Hunters Insurance is $357 - fire, theft, 1 million liability, and collision. $500 deductible on collision, $300 on comp. Thought about having no collision and changed my mind - eg. you'd have no coverage for trailering if someone hits you, your trailer blows a tire and flips, etc., or you yourself rack it up. Just happened to a guy I know - he got hit on the road while trailering his 2014 Honda and he's now out $13K on the machine (and his bush buggy)because he was not carrying collision.

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Delmer do you have other stuff with them?

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Originally Posted by delmer

$223 for theft/fire/liability on my 06 King Quad 700 through Economical.

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Originally Posted by greatwhite

Delmer do you have other stuff with them?

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Yes, they have all my vehicles. I've found most companies won't offer coverage (or give a decent rate) unless you have your primary vehicles with them.

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Originally Posted by greatwhite

If you have it in a trailer and someone hits you while your driving down the road it is covered by your regular insurance. Same if it is your yard and it's stolen it falls under house insurance.

If someone steals it while I am in the woods it will be street justice. ;)

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My insurance agent explained to me that if my atv is in the box of my truck and I have an accident, my truck insurance would pay out because it would be considered part of my contents. If pulling a trailer with my atv in it, and I was in an accident, my atv would not be covered for damages unless it had its own collision coverage. My truck insurance is not applicable, as the trailer is a separate vehicle needing its own insurance. Not sure if this is the case with all companies or is just specific to some.

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Originally Posted by greatwhite

If you have it in a trailer and someone hits you while your driving down the road it is covered by your regular insurance. Same if it is your yard and it's stolen it falls under house insurance.

If someone steals it while I am in the woods it will be street justice. ;)

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The way my agent explained that to me is if it has a Provincial license plate it is considered a motor vehicle and needs it's own policy. Even my utilty trailer has a policy for theft. I learned this the hard way when somebody stole it out of my driveway with my snowmobile in it. Sled had it's own policy but the trailer did not qualify under my home policy. You may want to get written confirmation of this to avoid an unpleasant surprise.

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Originally Posted by delmer

My insurance agent explained to me that if my atv is in the box of my truck and I have an accident, my truck insurance would pay out because it would be considered part of my contents. If pulling a trailer with my atv in it, and I was in an accident, my atv would not be covered for damages unless it had its own collision coverage. My truck insurance is not applicable, as the trailer is a separate vehicle needing its own insurance. Not sure if this is the case with all companies or is just specific to some.

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My insurance company told me the same. You need collision on the atv to cover it while on the trailer.

Thats weird because if you tow a camping trailer you do not need additional insurance.

Same if I tow a car on a dolly I don't need separate insurance

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Originally Posted by LowbanksArcher

My insurance company told me the same. You need collision on the atv to cover it while on the trailer.

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Originally Posted by greatwhite

Thats weird because if you tow a camping trailer you do not need additional insurance.

Same if I tow a car on a dolly I don't need separate insurance

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There is always the very real possibility that they're just screwing me. Not that an insurance company would ever do that.

Well this thread has spurred me into action to do some shopping around for all my insurance needs. Then I will be taking the estimates to the fella I deal with at the Co-op. I don't want to be paying 300 / year to insure my ATV.

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Originally Posted by LowbanksArcher

There is always the very real possibility that they're just screwing me. Not that an insurance company would ever do that.

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That makes 2 of us.....

I'd think about dropping the collision if I had a big property and was only going to drive the machine at home. You're taking a big risk trailering anything without collision, and now it doesn't matter who causes the accident, with this no fault deal. It always amazes me when I talk to snowmobilers who aren't carrying a separate collision policy eg. $4500 covered trailer with two $15,000 machines in it. Can you imagine the colour of the dude's face when someone smacks you on the road, and you find out you swallowed a $45K pill. Same deal with boaters. Guys pulling $70,000 bass boats and they think they're covered under the tow vehicle policy. I carry it on anything that goes on the road - horse trailer, box trailer, skidoo trailer, boat trailer. It sucks paying the heavy premium, but sure as crap, the day I drop the coverage will be the day someone smokes me on the road. You folks all need to ask your broker specific questions about trailering, and get it in writing.

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Originally Posted by greatwhite

Any one just paying for Liability?/ I don't care about fire or theft. I just want the bare minimum.

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on my old quad runner 250 i paid only $125 for liabilty only through "the personal" they insure quads with no other vehicles on the policy... i only have my quad with them, as they were a 1/3 the price of my regular insurance company, but they were a little more for my vehicles and house so only gave them the quads...

Checked this with Co-op today and no I would be covered.

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Originally Posted by Fenelon

I'd think about dropping the collision if I had a big property and was only going to drive the machine at home. You're taking a big risk trailering anything without collision, and now it doesn't matter who causes the accident, with this no fault deal. It always amazes me when I talk to snowmobilers who aren't carrying a separate collision policy eg. $4500 covered trailer with two $15,000 machines in it. Can you imagine the colour of the dude's face when someone smacks you on the road, and you find out you swallowed a $45K pill. Same deal with boaters. Guys pulling $70,000 bass boats and they think they're covered under the tow vehicle policy. I carry it on anything that goes on the road - horse trailer, box trailer, skidoo trailer, boat trailer. It sucks paying the heavy premium, but sure as crap, the day I drop the coverage will be the day someone smokes me on the road. You folks all need to ask your broker specific questions about trailering, and get it in writing.

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my insurance broker told me (in regards to towing my boat) that if it was attached to the truck it was covered under my truck policy... but i dont have that in writing so guess its up to them... either way thats why it has fire and theft on it ;) LOL

On my property it is covered under my home policy. In the bush let's just say it will be covered by me if I find them. Mind ya I didn't find the fellas who stole my smokes NB that would have been nasty. ;)

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Originally Posted by fishy steve

my insurance broker told me (in regards to towing my boat) that if it was attached to the truck it was covered under my truck policy... but i dont have that in writing so guess its up to them... either way thats why it has fire and theft on it ;) LOL

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Make sure you check the limits on your home policy. Mine has a $2500 limit for watercraft, with a $500 deductible, so it's pretty much useless unless you get an additional rider to cover many items. I had to get extra riders for my guns, tractor, scuba equipment, canoes, boat, etc.

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Originally Posted by Fenelon

Make sure you check the limits on your home policy. Mine has a $2500 limit for watercraft, with a $500 deductible, so it's pretty much useless unless you get an additional rider to cover many items. I had to get extra riders for my guns, tractor, scuba equipment, canoes, boat, etc.

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ya i had to get additional for my tractor when i had it... even have to have the horses on the policy for liability purposes...

Yeah, Never thought of that I upped my limit high to 2500 as well. It was at 250.00 a long time ago, but as insurance went up I raised my deductible. Oh well if they steal that off my property.

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Originally Posted by Fenelon

Make sure you check the limits on your home policy. Mine has a $2500 limit for watercraft, with a $500 deductible, so it's pretty much useless unless you get an additional rider to cover many items. I had to get extra riders for my guns, tractor, scuba equipment, canoes, boat, etc.

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I don't know what company you are with, but Intact has the lowest rates for me. Stay away from Canada Brokerlink as an agent. They are owned by Intact and seem to be a training company for agents. My local office has a high turnover rate. I went through three agents in a four month span before I left them for a local family owned broker.

my biddy was looking for insurance for his motorcycle a few years ago. He went to Allstate because it was the closest one to him. The agent there told him to shop around because they were probably not the cheapest.

Just got a 1993 Quad Kink last week called my insurance The Personal, $119.00 per with with Comp and Liability. I switched to the Personal last year. Was paying 425 now only 225 per month.

So I called co-op today to see what insurance would be with just Liability and nothing else they want 275.00. So I told them they are going to have to do better. He says the price is fixed in stone. I let him know that I was shopping my other insurance policies around and if I put my ATV someplace else the life, investments, house and cars all go as well. I have know the owner for 19 years I told them. He said he knew that. He said I did have some additional discounts he could apply to my policies for the house another 10% off an another 5% off the cars and truck. Going to have a little pow wow with him next week. Like why were these not applied when I first became eligible for them? He mention about 150.00 in discounts on the cars and another 100 off the house. This should have been applied 5 years ago. Me thinks someone owes me money.:mad:

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Originally Posted by line052

Just got a 1993 Quad Kink last week called my insurance The Personal, $119.00 per with with Comp and Liability. I switched to the Personal last year. Was paying 425 now only 225 per month.

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The insurance industry is a real racket.

Insurance agents are socialites. They belong to the country golf club. curling club and what ever that can expose their name, making them a great guy and themselves as approachable , community mined people gets them business. Now , a little less social doing and attending to business to keep a customer that they have is a balance of their career. I always shop every three years, do my homework and keeps them competitive, keeps me up to date on issues I never thought of.

Sorry I don't own a ATV . I like the exercise and quiet.

Dick

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Originally Posted by greatwhite

So I called co-op today to see what insurance would be with just Liability and nothing else they want 275.00. So I told them they are going to have to do better. He says the price is fixed in stone. I let him know that I was shopping my other insurance policies around and if I put my ATV someplace else the life, investments, house and cars all go as well. I have know the owner for 19 years I told them. He said he knew that. He said I did have some additional discounts he could apply to my policies for the house another 10% off an another 5% off the cars and truck. Going to have a little pow wow with him next week. Like why were these not applied when I first became eligible for them? He mention about 150.00 in discounts on the cars and another 100 off the house. This should have been applied 5 years ago. Me thinks someone owes me money.:mad:

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i hear ya bud. Welcome to Ontario and its privatized insurance. Highest rates in Canada. Hopefully soon to be capped.

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Originally Posted by 35wailin

I don't know what company you are with, but Intact has the lowest rates for me.

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I just came back from getting a quote from my broker.
Soon to pick-up my new 2016 Can Am 450 Outlander L Max DPS.
From Trillium insurance including my discounts for full coverage was $425 a year. This includes full coverage if it goes through the ice.
From Intact she stopped calculating the cost when it was obvious it was going to be higher and I didn't get any discounts. Also Intact does not offer coverage for going through the ice even for an extra fee.
Still going to get a few more quotes.

I just went through this with my renewal. This is what I found out after my premium went from $325 all inclusive to $595 when I started asking hard questions. ATV's and snow machines must have their own stand-alone policy to be covered for PL&PD,fire,theft and collision/upset. Medical coverage and third party liability is usually included in an all-peril policy. It doesn't matter if the rec vehicle is on a trailer attached to the vehicle. The only thing covered under your vehicle policy will be the trailer unless you carry cargo insurance which,for a non-commercial customer,is prohibitively expensive. Rec vehicles in the bed of a pick-up are only covered if there's a cargo rider. If an ATV or snow machine comes loose and falls out of the truck and there's injuries or fatalities,the driver/policy holder will be in for one he** of a lawsuit. Insurance carriers will pay to their minimum. After that all bets are off.
So,lets say your ATV was stolen or your had collision damage. An insurer will only pay what the used machine was worth at the time of the claim according to black book value less the deductible. If you have an older machine,you need to weigh the value vs. payout vs. premium charged. Most of the time,it only makes sense to cover for liabilty and property damage the same as an old beater car. I took the all-peril clause off and kept PL&PD,saving $214. After all,how much do you think an insurance company will pay for a 10 year old machine?