A Guide To Buying Insurance For Your RV
The cost for insurance on a recreational vehicle (RV) will depend on what class your RV is. There are three different categories, class C, B and A. An RV can be anything from a motor home to a converted bus. Many different factors will be taken into account when insuring your RV, one of these being how often you use your RV – whether you use it for vacations only or if you live in it full time.
Recreational vehicle classes
● Class C – Vehicles that have the camper extending over the cab area and that also use the cargo van for the driving section are in class C. Fifth wheel vehicles are also included in class C.
● Class B – Recreational vehicles that are under class B are often camper vans and travel trailers. These RV’s don’t have the cab over.
● Class A – The types of RVs that are a class A are those that are up to 75 ft long. They are often classed as luxury vehicles, and they’re the most expensive and largest. These include motor coaches and converted buses.
Average costs of RV Insurance
● For class B vehicles such as camper vans, an average auto insurance policy can cover the vehicles. Depending on the location, the value of the camper, the type of coverage and also the insurance company, the rates can vary quite significantly.
● For RV’s that are under class A, the average annual cost for an RV that is gas powered and used 140 days a year is around $1000 to $1300. The cost is determined by how old the RV is, what it’s value is and also by the size of the vehicle.
● When it comes to insuring travel trailers and fifth wheel vehicles, the cost is quite low compared to the cost of insuring an RV that is motorized. Depending on the age, size, value, and frequency of use of the trailer, the premium charges can differ. For those that own a fifth wheel vehicle that is of an older age and valued at around $8000, for annual coverage, it will cost around $170. A fifth wheel vehicle that is considered luxury will cost around $1300 annually if used for around 140 days a year.
● For an average sized motorized RV, they would typically come under class C. The premium cost can vary quite widely as it depends on the age of the vehicle, its location, its value, and its size and how often you use it. For a motorhome valued at around $120,000, depending on the location, the cost could be anywhere from around $800 – $3000 annually.
What does RV insurance cover?
How much coverage you receive from your RV insurance depends on what type of insurance you go for and also on the company you choose. Insurance for your RV is very similar to auto insurance, but it can also include some additional coverage that is comparable to home insurance. Additional coverage could cover any accessories that are attached to your RV, or it could be used to cover your personal belongings. Below are some other additional protection options that you can receive:
● If you live in your RV full-time, full-timer coverage could be included.
● Coverage for if you’re on vacation or in a campsite.
● Replacement coverage if your RV suffers a break-in and items are stolen.
● Coverage for if you’re in an accident with an underinsured or uninsured driver.
● Coverage for if you break down and need roadside recovery or towing.
● Coverage for any emergency expenses.
If you have any question concerning Insurance of an RV, wether you already own one or are thinking about buying a new one. Call Ed Cuellar @ (210) 647-7112