How Much Is RV Insurance?

If you own an RV, you know how much fun it can be to travel and explore new places. However, with the fun also comes the responsibility of protecting your RV against accidents, theft, and other risks. RV insurance can help you achieve that. However, the cost of RV insurance can vary based on several factors. In this article, we will take a look at the factors that affect the cost of RV insurance and how much you can expect to pay.

Factors that Affect RV Insurance Rates

Several factors can affect the cost of RV insurance. Let’s explore some of them in detail:

Type of RV

RVs come in different types, including Class A, B, and C motorhomes, travel trailers, fifth-wheel trailers, and truck campers. The type of RV you own can significantly affect your insurance rates. Motorhomes tend to be more expensive to insure compared to towable RVs because they have their engines and are larger.

Usage of RV

The way you use your RV can also affect your insurance rates. If you use your RV as a full-time residence, you may need a different kind of policy that covers it as a home. If you only use your RV for vacations, weekends, or occasional trips, you may be able to get a less expensive policy.

Age of RV

The age of your RV can also affect your insurance rates. Newer RVs tend to be more expensive to insure because they cost more to repair or replace. However, older RVs may require more maintenance or may have outdated safety features, which can increase the risk of accidents and insurance claims.

Driving History

Your driving history can also affect your insurance rates. If you have a clean driving record, you may be eligible for lower rates. However, if you have a history of accidents or traffic violations, you may have to pay more for insurance.

Location

The location where you store your RV and use it can also affect your insurance rates. If you live in an area with high crime rates, your insurance rates may be higher. Similarly, if you use your RV in areas with high accident rates, you may have to pay more for insurance.

How Much Does RV Insurance Cost?

Now that you understand the factors that affect the cost of RV insurance let’s take a look at how much you can expect to pay.

Class A Motorhomes

Age of RV	Average Annual Premium
New	$1,500 – $3,000
2-3 years old	$1,200 – $2,200
4-6 years old	$1,000 – $1,800
7-10 years old	$800 – $1,200

Class A motorhomes are the largest and most expensive type of RV to insure. Insurance premiums for class A motorhomes can range from $1,500 to $3,000 per year for a new RV. However, if your RV is 7-10 years old, you can expect to pay around $800 – $1,200 per year.

Class B Motorhomes

Age of RV	Average Annual Premium
New	$800 – $1,500
2-3 years old	$700 – $1,300
4-6 years old	$600 – $1,100
7-10 years old	$500 – $900

Class B motorhomes are smaller and less expensive to insure than class A motorhomes. Insurance premiums for class B motorhomes can range from $800 to $1,500 per year for a new RV. If your RV is 7-10 years old, you can expect to pay around $500 – $900 per year.

Class C Motorhomes

Age of RV	Average Annual Premium
New	$1,000 – $2,000
2-3 years old	$800 – $1,500
4-6 years old	$700 – $1,300
7-10 years old	$600 – $1,000

Class C motorhomes are larger than class B motorhomes but smaller than class A motorhomes. Insurance premiums for class C motorhomes can range from $1,000 to $2,000 per year for a new RV. If your RV is 7-10 years old, you can expect to pay around $600 – $1,000 per year.

Travel Trailers and Fifth-Wheel Trailers

Age of RV	Average Annual Premium
New	$300 – $600
2-3 years old	$250 – $500
4-6 years old	$200 – $400
7-10 years old	$150 – $300

Travel trailers and fifth-wheel trailers are the least expensive type of RV to insure. Insurance premiums for these trailers can range from $300 to $600 per year for a new RV. If your RV is 7-10 years old, you can expect to pay around $150 – $300 per year.

FAQ

Do I need RV insurance?

Yes, you need RV insurance to protect your RV against accidents, theft, and other risks. RV insurance can also help cover the costs of repairs and medical expenses if you or someone else is injured in an accident involving your RV.

Can I add RV insurance to my auto policy?

Yes, some insurance companies allow you to add RV insurance to your auto policy. However, it may be better to get a separate RV insurance policy that provides more comprehensive coverage for your RV.

What does RV insurance cover?

RV insurance can cover a range of risks, including collision, liability, theft, vandalism, and damage from natural disasters. Some policies may also include coverage for personal belongings, roadside assistance, and emergency expenses.

How can I save money on RV insurance?

You can save money on RV insurance by shopping around and comparing quotes from different insurance companies. You can also consider raising your deductibles, bundling your RV insurance with other policies, and taking advantage of discounts for things like safe driving or RV club memberships.

Is RV insurance required by law?

No, RV insurance is not required by law in all states. However, some states may require you to have liability insurance to cover damages or injuries you may cause while operating your RV.

Conclusion

RV insurance can be an essential investment for protecting your RV against accidents, theft, and other risks. The cost of RV insurance can vary based on several factors such as the type of RV, usage, age, driving history, and location. It is important to shop around and compare quotes to find the best coverage and rates for your RV insurance needs.