Some Can-Am UTV owners decide against insurance on their side-by-sides. A combination of careful driving, having the ability to fix one’s own machine, and only riding a few times a year makes some Can-Am owners second guess the need for insurance. For most UTV owners, however, the monthly cost of insurance is well worth it — if only for the sense of safety that it brings during a ride. After all, what’s the point of buying a Can-Am (or any side-by-side for that matter) if you aren’t going to use it and abuse it to the fullest extend of the machine’s capabilities.
You should never go with an insurance carrier just because they have the cheapest rate, but this doesn’t mean that you should be paying out the ass for UTV insurance either. Everyone’s driver profile will be a little different, and there are many factors that will affect how much you pay for side-by-side insurance. But regardless of your driving record, the state where you live, your age, or other demographic differences that could alter your insurance premium, if your rig gets totaled and you don’t have coverage, you’ll be kicking yourself for not having it.
Getting The Right Coverage For Your Can-Am Side-By-Side
The amount of coverage you get for your Can-Am might depend on things like how handy you are with a wrench, how risky you are on the trail, and how many accessories you run on your UTV. The price of your vehicle will also come into play. A Can-Am Defender owner may not pay the same amount as a Can-Am Maverick owner; and a Can-Am Commander owner might pay something different still.
If UTVs are street legal where you live, getting insurance that is endorsed for street use might be important to you. Similarly, if you use your vehicle for work purposes, then insuring it is definitely a valid business expense (and likely a tax write-off as well). Many riders have their UTVs bundled with their home and automobile, which helps to keep costs low. Others have their machines covered by their farm/ranch policy. Although no two situations will be identical, there are a lot of overlapping characteristics that can help you better determine which insurance policy is right for you and your Can-Am.
The Best Insurance Providers For Can-Am UTVs
Most of the big names in insurance offer coverage for ATVs and UTVs. As long as your record isn’t strewn with DUIs and reckless driving infractions, you should be able to get a good rate with one of the major insurers. The UTV insurance policies by Progressive, for instance, are popular because you can pick and choose what matters most to you. You can get full coverage with just about every option plus total-loss coverage for around $475 per annum on a machine registered as primarily off-road with some highway use.
What you have to look out for, however, are companies with pricing models that issue rates based on repair costs, not cash payouts. USAA is notorious for using such a model. If you make a claim with them, they’ll always attempt to repair something (with OEM parts) before issuing a check. This is great for automobiles, but not so much for off-road toys. For banking and other financial products, USAA is great. But their UTV insurance just doesn’t cut it in our opinion.
Some friends of the site who own Can-Am UTVs have them bundled with their house and car through Safeco for $477 per year. And other riders we know pay $220 per year for insurance through Country Financial, and $110 per year through Travelers.
If you’ve looked into the matter of UTV insurance at all, you’ve likely seen many different range amounts online, or have gotten a variety of differing quotes yourself. You may have found out the hard way that “full-coverage” isn’t actually full coverage. Further, some things aren’t included in some policies, and if you are the one with the policy but weren't the one behind the wheel at the time of an accident, you are likely SOL.
While you might be tempted to be your own insurance policy by fixing your machine and making repairs whenever they’re needed, if your rig rolls down a hill on accident, goes up in flames for some reason, comes off the trailer, or encounters some other unlikely event that totals the unit, you’ll be glad you bought insurance. Some homeowners insurance policies cover stolen UTVs, however others don’t. So if you live in a sketchy area, insurance that covers stolen side-by-sides might be worth looking into.
If you want to make your Can-Am street legal or purchased the vehicle through a bank loan, buying UT insurance is compulsory. But even for those who drive exclusively off-road and own their machine outright, insurance can make rides more enjoyable and less stressful, helping you to not incessantly think about damaging your Can-Am side-by-side. At the end of the day, only you can decide if insurance is necessary for your circumstances. But if you do decide to get coverage on your UTV, shopping around, bundling, and making sure you have actual cash value insurance instead of replacement cost insurance will save you from needless suffering and strife in the future.