Alberta ATV Insurance

Get all-terrain vehicle insurance in Alberta with help from our local advisors

Purchasing auto insurance in Calgary, Alberta, or anywhere else in the province is a relatively straightforward process. However, insuring an all-terrain or off-road vehicle can be a little tricky. For one, this insurance is mandatory if you plan to take your off-road vehicle anywhere onto public land. Recreational vehicles are all good and fun, but they do have the potential to cause injury, damages, and, of course, can be expensive investments.

Acera helps you insure your off-road vehicles with ease. Begin the process of getting your own comprehensive all-terrain vehicle insurance policy in Alberta with the help of Acera’s best, today. Just click our “get a quote” button or give us a call today for a more hands-on approach.

What is all-terrain vehicle insurance?

An ATV, short for “all-terrain vehicle,” is a popular recreational vehicle enjoyed by many Albertans.; ATV insurance is the coverage you need to protect your ATV and yourself from the unexpected.

ATVs are not a toy to be taken lightly, both for their price and potential for risk. In fact, a used utility type can run the average Albertan anywhere between $3,000-$10,000+, and newer models can run more than $15,000. With ATV insurance in Alberta, you can protect yourself from the financial burden of repair or replacement costs, but it also helps in other ways as well. With the right coverage, you can also protect yourself from legal expenses and repair costs to others’ property, or even medical expenses for their injuries as a result of an accident you were at fault for.

4 reasons why you should purchase ATV insurance in Alberta

While an all-terrain vehicle (ATV) may not be used in the same way or as often as your regular personal vehicle, purchasing ATV insurance is just as crucial as buying a standard car insurance policy. Your insurance coverage should meet the specific requirements set by your province. In Alberta, this means basic third-party liability and accident benefits are mandatory by law, and you can choose to add optional coverages to further enhance your ATV insurance plan.

Below are four important reasons to consider ATV insurance:

• Liability insurance is required if you plan to operate your ATV on public property.
• All-terrain vehicles are often ridden on rough, unpaved trails, making the risk of physical damage as significant as when driving on public roads.
• If you cause an accident, you could be held responsible for property damage or bodily injury.
• ATVs are a substantial investment, and having the right coverage helps protect you financially.

Ultimately, these reasons only begin to highlight why having proper ATV insurance is so important. ATV insurance safeguards you, your passengers, your vehicle, and others you encounter while riding.

Important ATV insurance coverages

Personal vehicle insurance typically includes the provincially required accident benefits and third-party liability insurance. However, any optional add-ons or additional coverage are left to your discretion. To ensure you have adequate protection for your ATV, we recommend consulting an Acera Insurance broker. While riding an ATV is an exciting adventure, it also comes with significant risks.

Here is a breakdown of the main types of coverage available for your ATV insurance policy:

• Third-Party Liability: To legally operate your ATV on public roads, you must have third-party liability insurance. This coverage protects you from expenses related to property damage or bodily injury for which you are held responsible in the event of an accident. It also covers legal costs should the situation require court proceedings.
• Accident Benefits: Accident benefits are essential, as they cover medical expenses for anyone injured in an ATV accident, including passengers or even pedestrians, beyond what provincial healthcare covers. This coverage may also provide compensation if someone is killed or disabled, including non-earner benefits, income replacement, and funeral costs.
• Collision Coverage: Not unlike car insurance, collision coverage functions similarly – it is optional and protects your vehicle from damages or replacement costs as a result of a collision with another ATV, another vehicle, or object.
• Comprehensive Coverage: Comprehensive is one of the numerous optional coverages available and covers your ATV for non-collision damages, like fire, vandalism, etc.

These are just a few examples of what an ATV insurance policy can include. For more information about available coverage and to protect your ATV and its value, contact Acera Insurance to discuss your options and learn what a standard policy might offer.

The cost of ATV insurance and rate reduction tips

In Alberta, auto insurance rates are regulated by the Automobile Insurance Rate Board (AIRB). This organization has the authority to approve, reject, or require changes to how Alberta auto insurance providers determine their policyholder rates and assess risk. The aim is to provide greater transparency and openness for both Albertan policyholders and insurers.

The cost of ATV insurance in Alberta can vary widely, ranging from a few hundred dollars to several thousand per year, depending on your vehicle type – whether it’s a snowmobile, golf cart, ATV, or another kind of off-road vehicle. Below, we outline the major factors influencing pricing, followed by tips for securing great rates.

Factors that can affect your ATV insurance costs in Alberta

• Your driving record
• Your insurance history
• Your age, gender, and marital status
• The type of ATV you own
• The make, model, and age of your ATV
• How you primarily use your ATV
• Where you operate your ATV
• How often you use your ATV
• Whether you participate in racing or other sports
• Your postal code
• How your ATV is stored

As you can see, many factors influence your insurance rates. It can seem overwhelming, but we’re here to help you find the best options. Below are some top tips to help you reduce your rates:

Tips to lower your ATV insurance rates

• Install security features: Vehicle theft in Alberta is on the rise, with increasingly sophisticated thieves. ATVs and other off-road vehicles are also targeted. To help protect your ATV, invest in and install alarms, store your vehicle in a private and monitored location, and always keep it locked with valuables out of sight. If your ATV is stolen, report it to your local police immediately.
• Be cautious when buying used: Stolen ATVs are sometimes resold to unsuspecting buyers. If you are considering purchasing a used ATV, request a vehicle information report from the seller. If they refuse, it’s wise to walk away and consider other options.
• Adjust coverage when in use: If you don’t use your ATV year-round, consider reducing coverage during storage months. However, do not cancel your insurance entirely. Instead, keep comprehensive coverage for protection while your vehicle is stored. Consider reading up on some tips for winterizing your vehicle to further mitigate the risk of damages until you’re ready to hit the trail again.
• Increase your deductible: Raising your deductible can lower your insurance premiums. Consult with a broker to determine an appropriate deductible amount that you can afford to pay out-of-pocket. Some insurers require the deductible to be paid immediately after a claim is approved, while others subtract the deductible from your payout.
• Ask about discounts: Many insurers offer a wide range of discounts that you may qualify for, such as group or club discounts, multi-policy discounts, senior discounts, green vehicle discounts, and more. Contact your broker or insurer to learn what discounts are available to you.

Working with an Acera Insurance broker is an excellent way to save money on your ATV insurance. Contact us today to get started with the right coverage for your ATV or other off-road vehicles.

Alberta ATV Insurance FAQs