Looking for ways to get cheap RV insurance rates in 2016? You will be happy to know that with a little planning and preparation, you can get cheaper insurance coverage! Consider the 14 options below to help you receive cheap RV insurance rates.
- RV Storage. You can’t just park your RV or motorhome anywhere and expect to get the cheapest insurance rates. RV insurance agents want to know that your RV is in a good area and protected at all times. If your RV is at risk, the insurance company is too. If something happens to your RV, they have to pay up. The best 5 types of RV storage to get cheap motorhome insurance rates are: Indoor trailer storage units, RV land lots, self-storage facilities, covered RV storage and RV parking spaces. RV Storage Insurance: Before renting a storage unit, check your motorhome insurance policy to make sure its covered during the period of time its kept in storage. Also, it’s always a wise idea to purchase insurance through the storage facility. Almost all storage facilities offer additional coverage’s. Read more about RV Storage Tips and how to properly store & winterize your motorhome.
- Purpose. Are you using your RV full-time or part-time? Your RV insurance rates will be affected by how and when you use your motorhome. Full timer insurance is going to cost you around $2,000 average per year, while non-full-time RVers will be paying around $1,100.
- RV Insurance Discounts. Are you an RV club member, home/condo owner, good driver or original owner of your RV? You may quality for RV insurance discounts that can help you save a ton of money on your motorhome insurance policy.
- Pay a year upfront: Some insurance companies will give you a discount if you pay your RV premium for the full year up front.
- Pay on time. Do you always pay your bills on time? Well, lucky you, you may be eligible to receive a discount if you pay your premium on-time for 1 full year, depending on the insurance company you choose.
- Defensive driving course. Most companies will honor discounts for those who have taken RV defensive driving courses. Educated drivers make less mistakes and insurance companies know that.
- Commercial Drivers License. Having a commercial drivers license (CDL) can help you save money on your premium.
- Pay a higher deductible. Just like homeowners insurance, RVer’s who pay a higher deductible can save as much as 25% off of their RV insurance premiums. Think about it, how often are you going to be paying that deductible (one time) vs. paying your monthly insurance premium (every month). “If you raise your home insurance policy deductible to $1,000 or higher, you may be able to reduce your monthly premium by as much as 25 percent” PEACHSTATE INSURANCE
- Safe Driving Record. As with nearly any type of insurance, safety saves you money. Keep a safe driving record for more than 3 years and save money on your motorhome insurance premiums.
- Include insurance costs into to the price of your RV. If you are reading this article you have probably already bought your motorhome and are looking for ways to save on insurance for it. However, we always suggest that first time RV buyers include the insurance costs into the overall picture of what your RV is truly going to cost you per month.
- Buy insurance specialized for RVs. It’s quite tempting to purchase an auto insurance policy for your motorhome vs. insurance specialized for RVs. Are they really all that different? Yes they are and here’s why: RVs are riskier to cover than automobiles because they are more expensive to replace and cover your personal belongings. For example: Total loss replacement covers your RV for up to 5 model years of purchase and personal belongings coverage covers your appliances and furniture inside of the RV. Traditional automobile policies don’t usually cover furniture etc. and that’s just a couple of the reasons why you need specialty RV insurance instead of an automobile policy.
- Insurance rate comparisons. Most insurance companies offer free RV insurance quotes online! Take advantage of that fact. Don’t just search for the lowest price. Find out exactly what type of coverage suits your individual needs the most. Are you a full-timer or not driving very often at all? There are coverage’s for both scenarios so make sure and find out what limits and deductibles you need, then find an RV insurance agent that can get you the best price on those exact limits. RV Insurance agents (like us, Overland Insurance) offer policies from multiple companies to ensure you find the coverage you need at a price you can afford.
- RV association or Dealership discounts. Usually RV dealerships have a list of insurance companies they work with most often and can find an insurance company to insurance your RV before even driving off the lot. Dealerships don’t always know the RV insurance companies with the cheapest rates but it’s worth documenting for a comparison later on. Also, if you belong to an RV club or association, you may be able to save additional money as well.
- Additional ways to save. Here are another couple of factors that affect your motorhome insurance rates: State where RV is insured (Insurance rates vary by state), dollar amount of coverage, previous RV ownership history, adding on RV to your current policy, marital status, age, credit score and history of insurance claims.
With a little research and planning, it’s very possible to get cheap RV insurance rates you can afford. Ask questions, do your research and find a helpful agent like Overland Insurance to guide you!
Please note: The above content is meant for general purposes only and to help you better understand RV insurance coverages. These descriptions of insurances do not refer to any specific insurance contract and they don’t modify any of the definition expressed in any contracts of insurance. Speak to a insurance representative or read your RV insurance policy contract to understand your specific coverages.