Recreational vehicles (RVs) are massively popular in the US. Did you know that nearly 11 million households in the US have an RV? They also spend nearly three to four weeks in their vehicles annually.
Recreational vehicles are great for transportation, accommodation, and vacationing. However, since RV is a significant investment, it’s essential to protect it with the best RV insurance.
Like an auto policy, recreational vehicle insurance or travel trailer insurance requirements vary by state with three standard coverages — collision, comprehensive, and liability.
As recreational vehicles are huge, they can wreak havoc on another car in an accident or collision. This is why it’s advisable to pay special attention to liability coverage for a motorhome. The insurance will help cover the loss or damage to the motorhome, which is usually not covered by the home or auto insurance policies.
In this post, we will walk you through everything you need to know about RV insurance.
Our research methodology is based on:
We have analyzed different RV insurance companies to help you evaluate your options.
The Good Sam insurance company has a widespread and growing network of top-rated insurance companies in the US. Good Sam RV insurance provides the protection you need to fit your budget and RV lifestyle. Their insurance agents are skilled and seasoned to navigate you through the best options much needed to select the right level of insurance coverage for your recreational vehicle.
The Good Sam insurance agency specializes in all types of recreational vehicles, including but not limited to fifth wheels, travel trailers, campers, and motorhomes. Plus, you can also enjoy multi-vehicle discounts.
Whether you’re looking for cheap camper insurance or Good Sam motorhome insurance, you can find the best policies and coverage within your budget. The company strives to make RV owning experience safe, enjoyable, and affordable for all through their basic and specialty plans that can be easily tailored to meet the particular needs of their customers.
Though RV insurance premiums are more expensive as compared to conventional auto insurance, Good Sam insurance customers have reported saving up to 20% by insuring their multiple vehicles and bundling their insurance policies.
You can save as much as $321 if you switch to Good Sam. In addition, Good Sam Club members can take advantage of special discounts to slash the cost of insurance even more, such as:
Good Sam RV insurance standard plan includes:
For additional peace of mind, you can take advantage of their premium plan. Some features worth highlighting regarding the Good Sam RV insurance premium plan are:
Apart from that, the company is rated A+ by BBB.
It offers excellent full-time and part-time insurance policies for recreational vehicle owners. If you’d like to find out if their policy and pricing fit your budget and needs, request a Good Sam insurance quote today!
Country Financial is also a group of companies providing insurance and financial services to policyholders. Your RV may be eligible either for home or auto insurance coverage. If you don’t use your RV on public roads, you can apply for home insurance for RV coverage.
However, if you use your RV to travel to different places, you have to apply for their auto insurance. Request a Country Financial car insurance quote to see how much the policy will likely cost you.
Please note that your recreational vehicle can’t be licensed for public roads to qualify for a home policy with Country Financial. You may get coverage of up to $500 for the qualifying RVs under home insurance. If your RV’s worth is more, you can increase the coverage limit. However, the policy does protect your RV from thefts, collisions, and fire. Additionally, home insurance deductible may apply to covered physical damage loss, such as damage from fire or storm.
Vehicles that qualify for auto insurance coverage include motorhomes, snowmobiles, mounted truck campers, travel trailers, and camping trailers. Auto insurance for an insured RV works the same way as your auto insurance policy. You can select specific deductibles for different types of protection such as collision, comprehensive, uninsured or underinsured motorist, liability, and medical coverage.
Progressive RV insurance is best for a diverse range of recreational vehicles such as:
The standard Progressive RV insurance includes liability, collision and comprehensive, underinsured and uninsured motorist, and medical payments coverages. However, you can also easily customize the policy according to your requirements.
You can add the following features to your coverage:
Progressive travel trailer insurance is one of the most popular companies as they offer more features than other insurers. It also provides accident forgiveness if you stay with them for at least five years and remain accident or violation-free for three consecutive years. This means that they will not raise your premium in case of an accident regardless of how much it may cost to fix it.
Moreover, Progressive offers full-replacement cost coverage and a deductible endorsement that rewards you for staying claim-free for years.
GEICO provides affordable RV insurance policies for recreational and full-time drivers in most states. Their coverage includes:
GEICO RV insurance coverage is offered to various motorized RVs, including Type A, B, and C motorhomes and sport utility recreational vehicles.
Depending on where you live, State Farm RV insurance basic policy may provide more coverage features than adding your recreational vehicle as an endorsement to your auto insurance policy. Basic State Farm RV insurance features include:
What makes State Farm RV insurance coverage one of the best policies is that it’s customizable. You can add on features like travel interruption and emergency roadside assistance. You can also combine it with other types of insurance to get discounted prices.
Additionally, State Farm provides full-time RV insurance, which includes personal liability, medical payments, emergency expenses, and personal effects coverages.
You may easily request a customized State Farm RV insurance quote by contacting one of the State Farm agents.
Allstate insurance is an experienced company that has been providing automobile insurance since 1931. The company now offers RV insurance too. RV owners opt for Allstate because it’s a reputed company with a strong financial standing. Besides, it provides a vast network of local agents that you can work with to find the best choice of coverage for your recreational vehicle.
Allstate RV insurance provides:
Comprehensive coverage includes the following:
As compared to its competitors, Allstate premiums are slightly higher. However, you can enjoy discounts such as:
Another thing to note here is that Allstate RV insurance costs may vary depending on factors like:
At National General RV insurance, you get a customized policy designed according to your unique needs. National General insurance offers security, affordability, and flexibility. In addition, they provide specially designed features and benefits for the RV lifestyle.
National General recreational vehicle insurance provides such coverages:
Other standard features include protection for items attached to the RV, such as TV antennas and satellite dishes. You may also add specialized equipment to your National General RV coverage, such as retractable awnings and solar panels.
Moreover, the company’s personal belongings coverage policy reimburses the total price that you paid for the items instead of the depreciated current value. At the same time, the full replacement coverage cost guarantees you will get a new recreational vehicle of similar or equal value if it gets totaled or stolen.
Here is a quick buying guide on RV insurance — what it is and what insurance coverage options are available.
RV insurance coverage can be best described as protection against injuries and damages you may cause to others. Plus, it covers the cost of damage to your vehicle if a covered incident happens.
You can choose various coverages, depending on whether you use your vehicle recreationally or as a full-time residence. Options include bodily injury liability, comprehensive coverage, collision, uninsured and underinsured motorist, and personal injury protection.
Moreover, coverage also varies depending on how you operate your recreational vehicle. For instance, if you own a motorhome, you will be legally obligated to buy separate liability insurance coverage to take it out on the road. But if you have a travel trailer, you won’t need a separate liability insurance policy because it’s transferred from your car insurance policy.
In simple words, RV insurance policies need to address the unique risks of a moving vehicle that can also serve as a living space. Please note that usually, insurance companies won’t allow you to add RV insurance to your auto insurance plan, so it’s important to shop around to find the best RV insurance policy. You can also benefit from additional protection for your personal belongings on board, attached accessories, and equipment.
Depending on your insurance, your additional coverage options may include:
In general, more coverage means a higher insurance premium. Your RV insurance premium may cost you anywhere from under $100 for a pop-up camper to much more for a high-end Class A motorhome. Regardless of the cost, RV insurance benefits weigh more. It will cover you from the high out-of-pocket expenses in the event of a loss.
Read on to learn about its benefits and why it’s essential.
RV Insurance is extremely important for all those who own this vehicle. With the best RV insurance coverage in hand, you can enjoy riding your vehicle worry-free. Here’s why:
In simple words, recreational vehicle insurance covers your out-of-pocket costs in the event of a loss or incident that causes bodily injuries and property damage. It also provides compensation for your expenses in case of a roadside breakdown.
In addition, RV insurance is a large investment that costs between $25,000 and $200,000. You surely want to protect it!
Recreational vehicle insurance is required in almost every state. However, the minimum amount of liability insurance varies from state to state.
Here it’s important to note that RV coverage may be optional if:
The coverage amount you need will depend on a variety of factors, such as:
It largely depends on the factors stated above and the insurance company you choose to buy recreational vehicle insurance from. Some insurers provide the advantage of adding an RV to auto insurance. This makes the policy less expensive as you don’t have to buy separate coverage for your RV.
In addition, some insurance companies may also offer discounts for RV insurance. For example, you may get a discount for maintaining a clean driving record.
As the cost of insurance varies from individual to individual, you can get an estimate of the cost that you are likely to incur by using an RV insurance calculator available online.
Now let’s take a look at different types of RV insurance coverage:
This is optional coverage for those who use their recreational vehicles as permanent residence. It’s typically defined as living in a motorhome or travel trailer for over six months out of the year. Full-time RV insurance will protect you against liabilities, losses, and injuries that may occur around your RV. This could be the best RV insurance coverage for you if you live permanently in your RV.
Part-time RV insurance coverage is a feasible option for families who use recreational vehicles in summer. With this insurance policy, you can also meet your travel trailer insurance requirements. In addition, it provides coverage for damages and injuries if they occur during short trips. However, it doesn’t provide broad liability coverage as compared to full-time insurance.
Most of the full-time policies will include coverage similar to the car insurance, such as:
Depending on your RV insurance coverage options, some policies may include:
When it comes to recreational vehicle insurance, extra coverage means additional protection that an insurance policy can provide apart from general liabilities and physical damage. These include:
As recreational vehicles aren't one-size-fits-all, you must know the type of recreational vehicle you own so that you can find the right coverage and qualify for the best policy. Read below to develop your understanding of the different RV classes, as they may have different insurance requirements.
These are the largest forms of recreational vehicles, offering various features and costing the most. A Class A motorhome resembles a large bus. It may range from 21 inches to 45 inches in length.
This is the smallest motorhome category. Class B motorhomes are commonly known as campervans. They are smaller in size and less luxurious as compared to Class A motorhomes. However, they are easier to drive and best for part-time use.
Class C motorhomes are mid-sized motorhomes, ranging from 22 to 44 feet in length, built on a truck or van chassis. Class C features a traditional truck cabin with a raised roof that extends over the cab, used for storage or sleeping. They are slightly bigger inside than Class B campervans.
Also known as fifth-wheel trailers, they have larger living space. These trailers are usually pulled behind a vehicle. Moreover, if you have a robust automobile policy, you may not require separate coverage.
The pop-up campers are folding campers. They are compact units featuring canvas sides that can be unfolded to reveal additional living spaces. They are lightweight and hauled by another vehicle. We'd say that a pop-up camper is best for campers. It’s comfortable, lightweight, and fuel-efficient — perfect for outdoor adventures.
RV insurance prices vary. On average, full-time recreational vehicle insurance cost is approximately $1,500 per year. In 2019, RV insurance costs ranged from around $1,000 to $2,000 per year. Class C recreational vehicle policy cost less, around $1,000 per year, while Class A recreational vehicle policy costs more, reaching up to $2,000 per year.
The full-time RV insurance cost depends on different factors, as mentioned earlier. But it’s important to note that a new and more expensive RV will have a higher premium than a used RV.
Other factors that may determine the RV insurance cost are:
RV insurance rates vary depending on your state, region, and ZIP code. For example, if you plan to live in your RV in an area with a high property crime rate, it might cost more to insure your RV.
If you are a full-time or part-time RV owner, we advise you to browse through your options and get quotes from different insurance companies to choose the best RV insurance coverage. The RV insurance cost may seem high, but it’s worth it.
Your policy will provide you with comprehensive coverage against the losses that you’re likely to incur in case of an accident or property damage.
Policy Advice is a website devoted to helping everyday people make, save, and grow money. While our team is comprised of personal finance pros with various areas of expertise, nothing can replace professional financial, tax, or legal advice.
Policy Advice is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.Policy Advice is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com
Stay In Touch
© Copyright 2022 PolicyAdvice.net. All rights reserved.