Summertime is coming, and for many Osage Beach families, that means it’s time to hit the road in their RV. If you’re gearing up for a summer vacation on the road, it’s a good idea to check if you have the proper RV insurance in place.
RV insurance policy costs range greatly due to the number of RV types and classes out there. While the regular components for car insurance apply to your RV as well, such as claims history and driver records, there are extra components that your insurance provider will consider as they determine the cost of your policy. Let’s look closer at what those differences are.
Your RV Impacts Your Insurance Cost
As a rule, motorhomes are more expensive to insure than pop-ups, bumper pull travel trailers, or fifth wheels. That’s because a motorhome is driven, which requires that it carries liability coverage. They also tend to be more expensive to repair than trailers since there are more features on them.
The size of your motorhome matters too. Class A motorhomes are the largest size of motorhomes available, so it makes sense that it’s more expensive to insure. Class C motorhomes cost less to insure.
Frequency of Trips in Your RV
When you apply for RV insurance in Osage Beach, you’ll be asked about how often you travel with your RV. In most cases, the more you use your RV, the higher your premiums will be.
If you plan to live in your RV more than six months out of the year, or even full-time, then basic insurance coverage probably isn’t enough to cover you on the road. Instead, you’ll need RV insurance that acts more as a homeowners insurance policy, including personal liability, medical payments, and loss assessment coverage.
Coverage for Your RV
Like with your auto insurance coverage, the amount of coverage you want for your RV will directly impact the cost of your monthly premiums. Although you’re typically required to carry comprehensive and collision insurance, you might also opt to remove or add extra coverages. For example, removing coverage to your motorhome or RV will lower your insurance costs, as long as your rig is paid in full. Adding roadside assistance, liability or total loss replacement can increase the cost of your insurance policy, but still might be worthwhile.
Who’s Driving the RV?
Driving a big Class A motorhome or towing a fifth-wheel is a different driving experience. Insurance companies will look at how long you’ve been driving with a rig when determining how much your insurance premiums should be. The longer you’ve been towing or operating a motorhome, the less you’ll have to pay for your insurance.
The only caveat to this is your driving record. Even if you’re a veteran driver in your RV, having a driving record that’s full of claims will increase your monthly costs.
How to Save on Your RV Insurance Costs
RV insurance costs are not set in stone. If you want to save on your RV insurance, consider doing at least one of the following.
Bundle your policies. The more policies you have with one insurance provider, the bigger the discount you can usually get. Combine your RV insurance with home, auto, or other coverages.
Protect your record: To the extent possible, protect your driver’s record to avoid your monthly premiums from increasing.
Pay in Full: If you’re able to pay for your RV in full, you might be eligible to save on certain elements of coverage.
We’re happy to help you lower your RV insurance costs. Contact us today for a proposal and we’ll analyze your specific rig, record, and requirements to help you get the best price possible.
