How Much is RV Insurance?

An RV is an investment.  Whether used part-time or full-time, the same principles that apply to insure your permanent home and passenger vehicle apply to an RV insurance policy. 

Choosing the right insurance to cover your home on wheels from theft, damage, and contents protection requires careful consideration.

Why Buy RV Insurance?

Because an RV is a vehicle, it makes sense that an insurance policy covering comprehensive (liability) and collision incidents would apply.  But because an RV is also a temporary or even permanent home, RV insurance runs a bit deeper than a standard vehicle policy. 

RV insurance is basically a blending of elements from both a vehicle and a homeowner’s insurance policy, resulting in a complete, specialized coverage package.  

In addition to the basics, choosing from different options and levels of coverage are what makes RV insurance a smart move for complete protection.  Some specialized RV coverage options include:

  • Total loss replacement
  • Personal property replacement
  • Emergency insurance coverage providing food, lodging, and alternate transportation should your RV break down while on the road.

The RV lifestyle is all about hitting the open road and the up-close-and-personal experience of enjoying the great outdoors.  However, having the peace of mind that your RV, personal contents, and pocketbook are all protected in case of an incident or accident while on the road is priceless.

For full-time RVers, insurance coverage has got your back with even more customized options:

  • Liability (damage to people or property) in the event of accidents in the RV, at the campsite, towing expenses/damage.
  • Stolen personal items not covered under a standard homeowner’s policy.
  • Comprehensive coverage for theft, vandalism, or fire.
  • Storage expenses.

RV Classifications / RV Finder 

There are different types of RVs and based on its classification, coverage, and premiums are applied accordingly.  

Class A

Class A-type RVs are also known as motorhomes.  These are the largest and most expensive type of RV.  Premiums are calculated based on various factors as listed below.  According to estimates, the average annual insurance premium for a gas-powered Class A motorhome is approximately $1,000-$1,300, based on usage of 140 days per year.

Class B

Class B recreational vehicles are also known as camper vans, conversion van or simply a Class B motorhome.  These types of RV’s are the smallest of the three categories.  These RV’s can be covered under a standard vehicle insurance policy.  Annual premiums are calculated the same way a standard auto policy is calculated. 

These factors include driving record, the primary location of the vehicle, value, type of coverage, and specific insurance company rates.  Due to the many different factors, rates are too varied to list.

Class C

Class C recreational vehicles are the mid-sized, motorized styles.  Most Class C motorhomes feature space, usually a sleeping area, which extends above the main cab compartment.  Premiums are calculated on factors which vary by state, type/frequency of usage, age/value of RV.  On average, annual premiums run anywhere from $800-$1,000+.

Miscellaneous

Fifth-wheel trailers (attached by a hitch on the back of a truck) and other travel trailers are less expensive to insure.  Premiums vary significantly by state, age/value, size, and usage.  A typical policy includes a minimum of comprehensive and collision coverage.  Based on the many factors affecting premiums, it can cost anywhere from approximately $200 up to over $1,000 for newer, more frequently used trailers.

Discounts for Lower RV Insurance Rates

In checking quotes from different insurance companies, be sure to factor in any potential discounts that may apply.  There are many ways discounts can work to give you a very competitive annual premium rate.

Here are some discounts to ask about:

Bundling – The more policies you have, the more money you can save.  It’s possible to bundle just about everything from auto and homeowners’ policies to motorcycle or boat policies.

New owner – If you are the original owner of a motorhome, you may qualify for a discount.  An original owner of a trailer may qualify for a discount for taking out comp/collision coverage.

Paying the entire annual premium in full - Total annual payments are another way to qualify for a discounted rate.

Good driver – A clean driving record for at least three years may result in a nice discount.

Claim free – Filing no claims means saving money on discounts applied to new policies.

Auto pay – By keeping administrative fees to a minimum, insurance companies can pass the savings on to you when premiums are taken out of your account automatically each month.

Paperless – On-line statements and payments save time and money, which may result in a discount.

Non-smoker – Some insurance companies offer a discount for healthy, responsible lifestyles.  Non-smoker discounts are something to ask about.

Anti-theft devices – Doing your part to prevent theft and damage save insurance companies thousands per year.  Any preventative measures taken can result in a discount.

Insurance Factors

  • Insurance rates differ based on various underwriting considerations and factors, including:
  • Market value vs. new RV prices
  • Age of RV
  • Usage
  • Location
  • Driving record
  • Value of contents

RV policies get as detailed as your needs.  Coverage extends to recreational use (camping), road trips or full-time living.  An insurance policy for a full-time RVer would be very similar to a traditional homeowner’s policy covering personal liability and loss.

RV Insurers

Several insurance companies offer RV insurance, in addition to on-line quotes.  Check insurance companies such as Progressive, GMAC or Geico. 

There are also online quote comparison companies, such as RV America Insurance, who gather rates from different companies and compile the results in a quick glance report.  Additional options may be offered through organized membership clubs like Good Sam RV Insurance.

Conclusion

The bottom line is that just like your home and vehicle, it’s important to protect your assets.  RV insurance is flexible, affordable, and offers plenty of opportunities to receive discounts to get the annual premium down even lower.

Whether you find yourself on a short trip or an extended vacation, know that you have the protection wherever you find yourself calling home.  

AMO Page View Count Pixel