What I’ve learned about RV Insurance Cost & Carriers
Buying RV Insurance? Looking for an RV Insurance Quote? Wondering how much it costs to insure an RV? The RV insurance rates differ depending on the type of RV Insurance Motorhome, campervan (van life) Insurance and travel trailer, and coverages you will need amounts many other things. In this video, I’m going to be sharing with you how the different RV carriers calculate costs for RV insurance and some of the different carriers to choose from.
Be sure to stay tuned until the end of the video because whether you’re renting or buying an RV, the process can be super stressful and you don’t want to make the same mistakes that I did, but I’ve got something for you, some tips I’m going to share with you to help make the process, seamless. Let’s get started.
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Here is the transcript from the video:
Auto Insurance vs RV Insurance + Multiple Discounts: Your Auto Company may let you have your RV on their policy and it might even give you a multiple-vehicle policy discount. But, You might actually need a specialized type of insurance.
RV Insurance Costs Full Time vs PartTimer: My insurance, I pay less than $100 a month for this van. If That gives you any idea of how much your insurance will cost, but I don’t have full timer insurance. I have like a part-time insurance. It’s just for recreational right now because I don’t even have 2000 miles on this thing.
RV insurance Carriers: When you’re buying your RV insurance. Good Sam is where I started. They’ll shop around different companies. I don’t know if they even sell their own insurance. They may, but when I called they just shop around to different places, so it’s just kind of like a shopping service, but it’s worth it. That’s how I got mine.
Paid-In-Full Discounts: They do sometimes offer paid-in-full discounts or monthly rates. I pay my monthly, but that’s just me and I’m a business owner and I really like to pay everything monthly unless it’s certain things that maybe don’t cost as much, but something like that. It’s a heavy ticket item. I’m going to pay it monthly versus overall at one time, but they do have discounts if you pay in full.
How do RV Insurance costs and Carriers differ?
These are the basic things that insurers look at when they’re insuring your RV and what kind of makes the price fluctuate.
So the first thing is the RV types and models. A bigger RV is going to cost more to insure because it’s going to cost more to replace or fix should something happen. The more expensive the RV, the more expensive the insurance. That’s just hand in hand.
The state in which your policy is issued.
Other vehicles in your household. You might have a multiple policy discount depending on if this is something that you insure with your other cars or not. I actually had to have mine insured separately from my auto insurance because my auto insurance doesn’t carry RV insurance or they do, but they outsource it to a company I don’t do business with (i.e. progressive — Don’t ever get them)
They are going to look at the driving history of anybody who’s going to be driving an RV. This is a massive ton vehicles that could kill somebody.
The amount of coverage that you’re trying to get. So are you trying to get 10,000? You’re trying to get 20,000, a hundred thousand, the more expensive the RV, the more expensive the coverage.
Part Time vs Full Time Coverage: If You’re going to be full time or recreational. And like I said, you really got to talk to the insurer and what they consider full time because you’re a full time and they’re fulltime may not be the same and plus they just up the limits in the coverage a little bit. You may not get what you pay for depending on what you’re expecting out of that, you may just be paying to pay and I’ve heard it’s really expensive. I know when I got a quote, it was probably like three, four, five times as much as what I pay. Completely different!
Now you know how to get your RV insurance and that’s just one of the costs associated with buying your RV. If you’re trying to learn the whole RV buying process, I did make a video about financing and choosing the different types of RVs, which one might be right for you? I put that in the description below.
>> Learn which one is right for you. Here I explain all the RV SIZES AND TYPES
When I got started, I had no idea about buying an RV. Nobody taught me anything, it was such a Greek language. I put everything into an amazing checklist for you in the description below. It Is my RV buying guide for all the things that you need to think about before you actually make this purchase. Not just your insurance, but the whole buying process. Do you want to finance it? What do you need it for? are you buying the right one for you? All questions I had. I made really expensive mistakes and I made really cheap mistakes. You don’t want to make the expensive ones because they live with you for a really long time.
>> Thinking about Buying An RV? DOWNLOAD my RV BUYING GUIDE
Interested in the 🚐 RV life, but NOT READY TO BUY? Renting an RV can help you learn the RV lifestyle. Here’s HOW TO RENT AN RV
VIDEOS MENTIONED
- Learn which one is right for you. Here I explain all the RV SIZES AND TYPES
- HOW TO FINANCE AN RV
- RV INSURANCE TIPS
- WATCH all of MY RV TUTORIALS
- TAKE A TOUR OF MY RV
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Hey, I’m Blogging Brandi! Over 5 years ago, I traded my sticks & bricks lifestyle for a life on wheels. Quit my job, sold my house, and everything else, then bought an RV! First, was a Travel Trailer, then Van Life then Motorhome Living. Now, I help people go from feeling overworked, underpaid, and undervalued to living a life of freedom & financial security they love from the comfort of their home on wheels aka Full Time RV Living!
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