
RV Insurance
RV insurance is unique and is setup to cover the uses, models, and the various liabilities that are specific to RVs.
How much do RV’s cost?
RV insurance provides coverage for motorhomes and towables. This type of insurance will protect you from risks that auto insurance usually covers, like liability and collision coverage, if your RV gets damaged or causes damage during an accident. There are other coverage options you can choose to help suit your needs. For example, in addition to standard liability and collision coverage, you may opt to add roadside, loss replacement, or comprehensive coverage for a higher premium.
What RV Insurance Coverage Should I Get?
RV types are often separated into four groups: Class A motorhomes: The largest and most expensive, acting more as a home than a vehicle. Class B motorhomes: Often called camper vans, they are smaller than Class A and act more as vehicles. Class C motorhomes: Moderate size with the amenities of a Class A motorhome. Towables: Travel trailers, 5th wheels, trucker campers, teardrops, and more fall into this category. However, some towables, like park models, would require their coverage. Coverage differs between these types of RVs and how you use them. If you use your RV primarily for trips and don’t use it as a home, your insurance should include liability coverage for accidents that happen on vacation. On some policies, liability is an optional coverage but not always included. Consult an insurance agent to determine where your specific towable type falls with coverage options. If you’re a full-timer and use your RV as a home, you’ll need insurance that covers your vehicle while parked. You may also opt for more coverage for your personal belongings and equipment. Because of this, full-time RV insurance is more expensive and difficult to obtain on an extended basis. Auto insurance may stretch liability coverage to a towed travel trailer but won’t provide additional coverage unless you opt for separate insurance. If you’re renting an RV, you’ll most likely need to purchase insurance through the rental company or a third-party provider to be fully covered on your travels.How Does RV Insurance Work?
Ultimately, RV insurance protects you from high costs for injuries or damages sustained while in your vehicle. If your RV gets damaged or you cause damages to others or their property, call your insurance provider and file a claim. From there, your insurance provider will look at the details of the accident and can cover any injuries or damages up to your coverage amount. You can decide your coverage limit through your insurer to find what works best for you. For example, if you pay a higher premium for comprehensive coverage and your RV was damaged by a fire or other natural disaster, your insurer would cover the costs up to the limit decided in your plan. Alternatively, if you do not have uninsured coverage, you would not be protected from costs if your vehicle suffers from a collision with an uninsured driver.
How Much Does RV Insurance Cost?
As coverage varies, so do costs. Motorhome premium costs are driven by the unit’s value, not the unit’s class. The higher value attached to your RV, the higher your premium cost will be. In addition, if you choose optional coverage, you’ll pay a higher premium. Liability-only insurance is less expensive but may not suit you if you want to protect personal belongings. Other factors go into the final cost of insurance, such as your history of accidents, if you use the RV full-time or part-time, age or sell price of the vehicle, additional policies or bundles, and the size of the RV.- Class A motorhomes typically have the highest insurance costs, especially if they’re used full-time, new, and have multiple amenities. On average, Class A RV insurance can range from 1,000 to 5,000 dollars annually.
- Class B RVs are the smallest of the classes and, in turn, have the lowest costs at 500 to 1,000 dollars annually.
- For a Class C RV, you’ll find the costs of insurance lands between A and B at an average of 800 to 3,000 dollars a year.
- If adding extra coverage to a towed trailer, your costs will average 500 to 1000 dollars per year. These are averages. You need to talk to an insurance agent to get an accurate quote.
Where to Get RV Insurance
If you own or are buying an RV, try reaching out to an independent insurance agent. An agent will be able to quote you on different plans or limits while ensuring your policy will work best with you by underwriting it. There are many types of agents, companies, and bundles available. Don’t be afraid to ask questions and research. If you are leasing or renting an RV, the renter will likely offer insurance through them to eliminate the need to go to a company or an independent agent.