RVs are incredibly fun to own. If you have recently bought an RV, you may be wondering about the best motorhome insurance and RV insurance rates. 

RV insurance cost depends on many factors, including where you live, how often you plan to drive it, and more. If you’re asking, how much does motorhome insurance cost, we’ve got answers. Below is a guide about RV insurance rates and more.

RV Insurance Basics

RVs and campers are investments that need protection. Simply put, RV insurance protects against total loss, theft, and damages, as well as emergency coverage if your RV breaks down on the road.

Even if you are not required to have RV travel insurance, it’s a good idea to get coverage. Getting the right travel insurance for your camper requires some consideration.

RV Insurance Rates

While RVs are bigger than cars, they are generally considered to be less of a risk. As such, the cost of insuring an RV is less expensive than a car. 

One of the biggest things that determine how much you’ll pay is the state you live in – each one has its requirements. For example, Michigan is the state with the highest motorhome insurance rates. This is because Michigan requires personal injury protection coverage, which means higher costs for insurance companies when a claim is filed. 

Factors That Affect RV Insurance Rates

There are other factors besides where you live that affect your RV insurance rates:

• The age, condition, and type of RV 
• Your experience driving an RV
• Your driving record
• Where you will travel
• The number of claims you file
• The type and amount of insurance you purchase
• How much you drive your RV

Types Of RV Insurance

• Bodily injury and property damage liability insurance 
• Comprehensive and collision coverage
• Personal effects
• Roadside assistance
• Vacation liability coverage
• Custom equipment
• Total loss replacement

For an RV rental, you may need to purchase temporary RV insurance coverage.

Types Of RV Insurance Discounts

Some potential discounts that may apply to you:

• A good driving record
• Being the original owner of an RV
• Bundling policies
• Paying your annual premium in full
• Being claim-free
• Getting paperless statements
• Going on auto-pay
• Having an anti-theft device on your RV

Many RV owners ask if they can freeze their RV insurance when not using it. You may be able to freeze your policy; however, it’s not recommended. If something happens to your RV while it is parked in your driveway or storage, an insurance policy can help protect it even while you don’t have it on the road.

Where Can I Buy RV Insurance?

Begin by getting a quote. A licensed agent will go over your options and provide you with a quote for the best RV insurance for your needs. Then you can purchase your motorhome insurance and enjoy extra protection while you’re in campers world.

Call InsureOne today at (800) 836-2240 to get your free RV insurance cost estimate. We know you’re busy, so we do all of the hard work for you. We compare life insurance rates from the country’s top insurance companies to get you the best RV insurance rates.

If you’re buying RV insurance, especially if you’re a novice, and you don’t know very much about it, an important thing to know is that this type of insurance is normally referred to as “specialty or specialized” policies. The reason being, specialty RV coverage offers protection that isn’t available with regular car insurance policies. A prime example of this is if the vehicle is totaled. A traditional auto policy would only give you what is known as “actual cash value” for your RV, which means you would receive whatever it was worth at the time it was totaled. Depending on its age and depreciation, you would probably not have enough to buy a replacement.

However, if you purchase a specialty policy, some insurers offer options that allow RV owners to insure their vehicles for the total loss replacement value. In other words, should your RV be totaled, you’d receive enough cash to buy a new RV of the same make and model. Furthermore, you may be reimbursed for emergency expenses if your RV is in the shop for repairs or uninhabitable. Lodging, meals, and transportation would also be covered if you were stranded. Keep in mind that emergency expense coverage varies, and you should check with your insurer to get all the details of your policy. Don’t assume. If you don’t know, ask.

Owning and operating an RV isn’t cheap, so when it comes to saving money, you may want to ask your insurance company if your RV policy includes what‘s known as “diminishing deductibles”.  This is coverage that reduces your financial burden over the life of your vehicle. Here’s how it works:

After each claim-free year, the deductibles for the comprehensive and collision parts of the coverage are reduced by a set percentage of the original deductibles until they reach zero. To simplify things, let’s say both the collision and comprehensive have $1,000 deductibles. If the deductibles are reduced by 25 percent ($250) each year you don’t file a claim, at the end of four years, your initial deductible would be down to zero. If the option is offered to you by your insurance agent, take it. It’s well worth it.

Remember, RV insurance isn’t traditional insurance or high-risk auto insurance…it’s “specialized” insurance. Make sure you have it before you hit the road this summer.

Anytime you head out on vacation, it’s always a good idea to check you’re getting the best rate on your car insurance. Why not get a free car insurance quote today?