What impacts the cost of RV insurance?
Pricing for RV insurance policies range remarkably due to the scope of RV types and classes, along with the typical components that influence your cost for motor vehicle insurance. Here are some notable factors affecting RV insurance rates:
Type, age, and condition
Motorhomes are generally more expensive to insure than travel trailers. Unlike travel trailers that are "pulled" by another vehicle, motorhomes are driven and therefor require liability coverage. Additionally, state-of-the art motorhomes will usually cost more to replace than most trailers, pop-up campers, truck campers, and fifth wheels.
If your RV is your permanent residence (you live in it six or more months out of the year), you may need to purchase additional coverages that protect you the same way a homeowners insurance policy would, including personal liability, medical payments, and loss assessment coverage.
If you use your RV recreationally, you may need to tell your insurer approximately how many days you use your motorhome or travel trailer per year. With some insurers, the more you use your RV, the higher your policy's premium.
As with auto insurance, RV insurance rates depend on your state, region, and ZIP code. Highly populated areas mean more risk for motor vehicle accidents, which increases your RV insurance cost. Regions prone to catastrophic weather and motor vehicle theft may also be more expensive for RV insurance.
If you're financing your RV, lenders usually require comprehensive and collision coverage to protect your motorhome or travel trailer, which raises your policy's price. You can eliminate physical damage coverages on your motorhome to lower your rate, assuming your motorhome is paid in full. Note that all travel trailer policies must include comprehensive and collision coverages, even if you're aren't financing your trailer. Adding extra coverages like roadside assistance, vacation liability, and total loss replacement can be worthwhile, but will also up the cost of your policy.
Handling a motorhome or towing a travel trailer is a much different experience than driving a standard automobile. Veteran RV operators generally pay less for RV insurance than inexperienced drivers.
Most RV insurance companies check your driving record and price your RV policy accordingly. A clean motor vehicle report can help you earn a more competitive rate and, depending on the insurer, discount opportunities.
While RV insurance is designed to be utilized in case your motorhome or travel trailer is damaged or you're at fault in an accident, too many claims could indicate to your insurer that you're a risk on the road. Drivers with a history of motor vehicle insurance claims will typically pay more for RV insurance.
How can I get the cheapest RV insurance?
If your motorhome is paid in full, and you don't mind paying out of pocket if your RV is damaged, choosing a liability-only policy can be an effective cost-cutting measure. If you're insuring a travel trailer or require physical damage coverages for your motorhome, consider increasing your comprehensive and collisions deductibles in order to decrease the cost of your policy.
To help you save even more on RV insurance, Progressive offers tons of discounts such as:
- Multi-policy: Save when you combine RV insurance with a Progressive home, auto, renters, motorcycle, or boat policy.
- Responsible driver: No accidents or violations in the past three years? We'll add a discount to your policy.
- Original owner: If you're the original owner of your motorhome or travel trailer, we'll apply a discount if you carry comprehensive and collision coverage on your policy.
- Claim-free renewal: No at-fault claims results in another discount at the time of your policy renewal.
See more RV insurance discounts.