ATV Insurance Policies
If you own a road-legal ATV and want to use it on public roads, you’ll need a vehicle insurance policy similar to those required for other road vehicles such as cars, vans, and motorcycles. There are three types of quad insurance policies that have different levels of coverage to suit your individual needs; Comprehensive, Third Parties, Fire and Theft and Only Third Parties.
It is a personal choice which of the policies you think is the most suitable for your situation, but the choice should not be made without first having a level of knowledge of what the different policies can offer you.
Comprehensive
Comprehensive quad insurance policies are generally the most expensive available, but this is because they offer a full range of protection. The main advantage of having a comprehensive insurance policy is that if you are involved in a collision, even if it is deemed to be your fault, you will be awarded compensation to pay for the necessary repairs to your quad. This means that you will not have to pay any additional expenses on top of your insurance premium.
Comprehensive insurance also protects your quad against damage from fire or theft; Both of these items are real hazards to quads, so having cover against them is sensible.
The final element of a comprehensive insurance policy is that the insurer will pay for repairs and compensation to third parties in the event of a collision that is the result of your negligence or actions.
Third Parties, Fire and Theft (TPFT)
A TPFT policy will give you an adequate level of coverage, but will generally have a lower premium. Unlike an all-risk policy, TPFT insurance does not cover the repair of your vehicle in the event of an accident caused by yourself; this is the only difference though.
TPFT policies, as the name suggests, give you protection against fire damage and theft, which is particularly important as over £5m worth of quads are stolen every year.
Third Party Only (TPO)
If you are looking for cheap ATV insurance then a third party only policy may be ideal for you. A TPO policy is the minimum insurance requirement for your quad to be legal, and as such is usually the cheapest. However, it also provides the least amount of coverage.
TPO policies only pay for repairs and third party compensation in the event of a collision caused by you. Repairs to damage to your quad will not be paid for, which could leave you with a high bill. Similarly, you will not have protection against damage from fire or theft; that is why it is advisable to have at least one TPFT insurance policy on your quad.
If your quad is for off-road use only, it’s good to know that it doesn’t need to be insured to be used legally; You don’t even need a driving license to drive a quad on private land.