Self-powered RVs are legally required to have RV insurance to get out on the road, and you should be educated on what exactly that insurance covers, how much it costs, and more.
Does My RV Count?
We use the term “RV” casually, but insurance doesn’t. There are certain vehicles that count as RVs (meaning they are covered), and certain ones that don’t (which are not covered).
RV coverage includes seven different types of RVs:
- Class A Motorhomes
- Class B Motorhomes
- Class C Motorhomes
- Conventional Travel Trailers
- Fifth Wheel Travel Trailers
- Pop-Up Campers
- Truck Campers
In some cases, when your vehicle is able to tow something like a travel trailer or a fifth wheel, the auto insurance that covers your car will also cover the towable. To figure out your exact coverage, we recommend speaking to your insurance agent.
What RV Insurance Covers
There are a handful of RV coverage types available and, much like auto insurance, there are optional add-ons as well.
The bare minimum that your RV insurance covers is personal liability. If you cause a collision, this coverage provides personal and financial protection if the other driver gets injured, or if their vehicle is damaged. Note: this coverage only applies when you are the one at fault for the collision.
A few optional add-ons you may choose to include are:
- Collision insurance – this will repair or replace your RV if you get into a crash and are the one responsible.
- Comprehensive insurance – if you experience an unforeseen incident like vandalism, theft, fire damage, an event with an animal, flood damage, etc., this will pay to repair your RV. (The damage must be unrelated to a collision.)
- Roadside assistance – covers the change of a flat tire, fuel delivery, a new battery, and other basic repairs.
- Personal belongings coverage – if the personal belongings in your RV get lost or stolen, you will be covered. (This is something worthwhile to think about, as many people keep a number of important items in their RV, especially if they are full-timers.)
- Personal attachments coverage – this provides extra coverage for attachments you’ve installed like a porch or an awning.
- Vacation liability insurance – this provides additional coverage while parked at a campground or motorhome park.
The Cost of RV Insurance
There’s no one set cost for RV insurance, as it differs for the amount of coverage you have and the type of RV you’re covering. The minimum amount you’ll pay for most RV coverages is around $125, with the average being $573 for a travel trailer and $958 for a motorhome.
Before you settle on an insurance policy, it’s best to shop around and see what’s out there. By comparing quotes, you’ll find the best coverage for your situation at the most affordable price.
What Affects My Rate?
There are a few other details, besides the amount of coverage you have and your RV type, that affect your coverage. Those details include:
- Your location
- The age of your RV
- Your coverage limits
- Deductibles
- Your claim history
- The usage your RV gets
- Your driving history
- Your experience with driving an RV
It’s no secret that premiums can get expensive, especially if your RV is new or if you live in it year-round. But if you drive safely, bundle your policies, pay your premium in full up-front, and/or ask about discounts, you may be able to lower your price.
Yes, You Need RV Insurance
If you own an RV, you need to insure it – it’s as simple as that! No matter how you use your RV or how far you travel, insurance is a legal requirement in most every state. Beyond that, you’ll want to make sure that an asset as large (and as valued) as your RV is well-protected.
If you’d like to learn more about RV insurance, we’re ready to answer your questions here at RV Dynasty. Get in touch with us or stop by and chat – we’re located at 10001 S US Highway 31 Bunker Hill, IN 46914.
If you don’t have an RV yet and you’re doing insurance research before you get started, we commend your pro-activeness and encourage you to check out our large inventory of new RVs and our pre-owned models, too!
