From Our Blog

Your 2017 Summer Recreational Vehicle Insurance Guide


Summer is in full swing, which means people everywhere are looking for their next adventure. Many turn to beloved activities like boating, camping and exploring the woods or new towns on ATVs or motorcycles. But before you rev the engine, it’s important to have your insurance in order.

Here’s what you need to know about recreational vehicle insurance this summer:

Boat insurance

Is it required?

Most states don’t explicitly require boat owners to purchase an insurance policy, though some states do in specific situations. For example, some might state that any boat with more than 50 horsepower, or is used in state-owned waterways, have a policy. Some marinas may ask for proof of insurance before renting out dock space.

Some homeowners or renters insurance policies cover small boats if they meet certain parameters, the Insurance Information Institute explained. These won’t include a liability policy, which can be added for an additional expense.

How much does it cost?

This depends on the type of boat. A row boat will cost less to insure than a sailboat or yacht.

The typical liability policy can be anywhere from $15,000 to $300,000, with deductibles of:

  • $250 for damage (not including normal wear and tear, damage due to zebra mussels, mold or sharks, and other stipulations).
  • $500 for theft.
  • $1,000 for medical payments.

What does it cover?

Boat insurance policies typically cover bodily injury and medical payments, property damage (with some limitations), theft and guest passenger liability. This last point is applicable when something goes wrong when someone who is not the owner is driving the boat with the owner’s permission.

Motorcycle and ATV insurance

Is it required?

Most states require that motorcyclists carry a policy that covers bodily injury and property damage costs to others involved in an accident, III reported. Additionally, many (but not all) states specify that motorcyclists have uninsured/underinsured motorist coverage, should the other party in an accident not have a policy of his or her own.

Collision, comprehensive, first-party medical coverage and other add-ons aren’t required, but are advisable to purchase anyway.

ATV insurance may not be required by your state, but there are certain areas where ATV owners must have insurance. For example, land or parks owned by the state often require that visitors with ATVs have an insurance policy, according to ValuePenguin.

How much does it cost?

Cost depends on a number of factors, including driving record, age, the type of motorcycle and which policy you choose. For people over age 25 with a good driving record and is only purchasing liability insurance, the average cost of motorcycle insurance is between $200 to $500 per year. Full coverage will add around $200 to $300.

For someone younger than 25, insurance may cost more than $1,000 and, in some cases, could surpass $3,000.

The typical ATV insurance policy that includes liability and property damage may cost around $100. Adding medical payments might increase this cost by about $50 to $60.

Many motorcycle insurance policies extend their coverage to ATVs. However, motorcycle insurance generally costs a bit more than ATV insurance alone.

What does it cover?

A liability policy will cover bodily injury and property damage to the rider and the other party in an accident, III explained. Some policies will also cover a passenger on the motorcycle or ATV.

Collision insurance will cover damage to the vehicle following an accident.

Comprehensive insurance covers vandalism, fire, theft or other events that cause damage to the vehicle other than collisions.


Talk to a local Bank Midwest Insurance professional.