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High Insurance Coverage Among Powersports Vehicle Owners

High Insurance Coverage Among Powersports Vehicle Owners

Tristin Burdick | August 9, 2023

Our recent survey results indicate a high level of insurance coverage for powersports vehicles, with 81.6% of respondents insuring all their vehicles and 14.7% insuring some. Motorcycles were the most insured vehicle, followed by snowmobiles, boats, and ATVs/UTVs/SBS. The most popular insurance providers were Progressive, State Farm, and Geico. Respondents chose their insurance providers based on the cost of the policy, previous experiences, and bundling options. A majority of owners were satisfied with their insurance provider, and among those who had filed a claim, the experience was mostly positive. The majority of powersports vehicles were not under active warranty.

 

More details can be found in the full report here.

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Tristin Burdick

Research Analyst, EPG Specialty Information

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