How Much is RV Insurance

If you’re in the market for a New or Used RV, something you need to consider is RV insurance. Buying an RV is a big investment and whether you use your RV full time or parttime, you need to make sure you’re properly covered. Your RV insurance guidelines follow the same principals and your home or auto insurance. Depending on which state you live in, the requirements for carry insurance will vary. Some states require you to carry a separate insurance policy on your RV with a minimum liability coverage where other states only require you to carry a separate policy if your RV is motorized, such as a motorhome or camper van. Non-motorized RV’s would then be an extension of the tow vehicle’s insurance. RV owners will often purchase additional coverage for their RV because the minimum requirements are not enough coverage if their RV were in an accident. Lakeshore RV in Muskegon, Michigan can help you find the perfect RV to meet your family’s needs and direct you to navigating finding the best insurance policy.

What are the benefits for purchasing RV Insurance

It is important to make sure your RV investment is protected with the proper insurance coverage. Not only is an RV a vehicle, but it also serves as a temporary or permanent home. RV Insurance can be more extensive than your standard vehicle policy. It combines auto protection and homeowner protection resulting in complete coverage for your recreational vehicle. In addition to minimal liability coverage, RV owners have the option to add on additional coverage and levels of protection. Specialized RV insurance can include:

• Total Loss Replacement
• Personal Property Replacement
• Emergency insurance coverage

For full time RVers, they can also add:

• Liability (damage to people or property) in the event of accidents in the RV, at the campsite, towing expenses/damage
• Stolen personal items not covered under a standard homeowner’s policy
• Comprehensive coverage for theft, vandalism, or fire
• Storage expenses

Discounts to Lower your Insurance Rate

You can get a lower insurance rate if you get quotes from different insurance companies. Many discounts can work in your favor to give you a competitive annual premium rate. Those discounts include:

• Bundling - bundling your insurance policies can save you money if you group all of your policies into one.
• New owner - if you are the original owner of an RV, you could be entitled to a discount.
• Premium pay off- If you pay your yearly premium in full, you will get a lower overall rate
• Good driver - having a clean driving record may result in a nice discount
• Claim Free - not filing any claims allows you to save money
• Auto pay - set up an auto payment and receive a discount through some insurance companies
• Paperless - save time and money by going paperless and receive a discount
• Non-smoker - some insurance companies give you a discount for living a healthy lifestyle
• Anti theft devices - adding anti theft devices to your RV will often be rewarded in an insurance discount

Factors in Insurance Rates

Insurance rates differ from different insurance companies based on the market value of your RV versus new RV prices, type of RV, age of RV, amount you use it, location or state you live in, your driving record, and the value of your contents inside your RV. Detailing your insurance coverage to fit your specific RV lifestyle can help ensure you are properly covered. The best thing to do is to get multiple insurance policy quotes and check leading national and local insurance companies to find the one that best fits your needs.

Your RV is a combination of your home and vehicle, so it is important to protect this asset. RV insurance can vary by the state you live in and can be flexible, affordable, and offer discounted options. Whether you’re taking a short trip, extended vacation or living in your RV full time, finding the right policy to make sure you have the right coverage for your RV is important. Some states are known for cheaper insurance policies with low rates on average of $860 a year where other states run higher at $4500 per year. At Lakeshore RV, our team of experts can help you find the perfect RV to meet your needs and help guide you to an insurance agent that will make sure you are properly covered. Don’t miss out; call us today! 231-788-2040.