Motorcycle insurance is mandated in nearly every state.

If you ride without insurance, you could get a fine, have your license revoked, be sued, or even land in jail. Even when motorcycle insurance isn't required, carrying a policy can be critical in protecting your bike against damages and your assets if you're liable in an accident.

Insurance for your all-terrain vehicle (ATV) works a lot like motorcycle insurance and protects you financially if you are in a crash.

While ATV insurance is not required by law in most states, you'll likely need to buy a policy if you want to ride your vehicle on public trails. Some states also require you to buy insurance in order to ride on anyone's property that isn't your own.