RV Insurance Cost

When shopping for coverage to protect your RV, it's helpful to have some average cost figures in mind. If you don't use your RV full-time, you could find a liability-only policy at a highly affordable rate of just $125 annually. However, full-time RV drivers can pay into the thousands. Currently, the average cost of RV insurance for a Class A motorhome ranges from $1,000 to $1,300 per year.

Luckily, an independent insurance agent can not only help you get equipped with all the RV insurance you need, but can also help you find the most affordable, high-quality coverage. These agents are knowledgeable about RV insurance rates and can shop and compare quotes from multiple carriers for you. But first, here's a closer look at RV insurance costs. 

How Much Is RV Insurance?

If you buy a minimum RV liability insurance policy, you could pay only $125 annually for your coverage. However, some full coverage policies can range up to $3,000 per year, depending on the type of RV insured and many other factors. The types and amounts of coverage you need can greatly influence the cost of your RV insurance.

RV Insurance Cost Factors

Similar to car insurance, RV insurance rates can be influenced by many factors. Here are some of the most common factors that can impact your RV insurance costs.

Motorhome Class

To begin with, the class of your RV greatly impacts your premiums. Here's a breakdown of how RV class affects insurance rates:

• Class A: The biggest of the motorhomes, Class A RVs are the most expensive to insure by far. These RVs are expensive to purchase and might run on diesel fuel, often fitting up to 10 passengers. Coverage for Class A RVs averages $1,000 to $1,300 annually.
• Class B: Much smaller than Class A, Class B RVs include camper and sleeper vans and similar models. Class B RVs are often equipped with beds, kitchens, and even toilets. Coverage for Class B RVs averages $500 to $1,000 annually.
• Class C: Smaller than Class A but larger than Class B, Class C RVs fall into the middle of the pack, according to size. Class C RVs have truck or van bases and an overhead sleeping area for their passengers. Coverage for Class C RVs averages $800 to $1,000 annually.

An independent insurance agent can help you find the right coverage for your RV based on its specific class and other distinguishing features. 

RV Specs

Other components that influence the cost of your RV insurance are its model and other specs. These can include:

Typically, the more expensive your RV is to purchase and repair or maintain, the more expensive its insurance rates are. Older RVs that are in worse condition can be seen as a larger risk to insurance companies and can cost more to insure. 

The amount of annual mileage your RV accumulates also influences your premiums, as being on the road more leads to more liability risk and, therefore, higher rates.

Your Location

Like many other types of coverage, including car insurance, RV insurance costs often vary by location. If you live in a highly populated area with a greater average rate of RV theft or accidents, you can expect coverage to be more expensive. Further, areas of the country prone to severe weather often experience higher RV coverage rates as well.

Type and Amount of Coverage

Of course, the type and amount of RV insurance you buy can also significantly affect your coverage rates. The simpler your coverage, the cheaper it's likely to be. Full coverage for an RV is more expensive and complex than basic coverage. 

Also, full-time RV drivers naturally require more coverage than part-time users who only take their RVs out on occasional trips. An independent insurance agent can help you get set up with all the coverage you need for your specific RV usage and break down how it influences your policy's rates.

Driving Record

The more experience you have as an RV driver, the less risky you are to insure. If your driving record has remained free of accidents and traffic violations for a set number of years, you may even qualify for certain RV insurance discounts. However, if you have even one accident or speeding ticket on your record, you can expect to pay higher rates.

RV Driving Experience

In addition to considering your overall driving history, your insurance company will also consider your experience driving RVs. Since operating an RV is quite different from driving a standard vehicle, the more experience you've had, the less risky you are to insure. 

Insurance companies want to see that you've had years of experience in towing campers behind your vehicle. That's why you'll likely get rewarded with considerably lower RV insurance rates if you have more experience operating a motorhome.

RV Usage

RV drivers who travel farther distances are considered riskier to insure than those who stay local. How often you plan to use your RV can influence the cost of your policy. If you live in your RV and need full-timers coverage, you'll likely pay much more for your policy as well.

Credit Score

Most states allow insurers to check your credit score and use that as a partial basis in calculating your insurance costs. If you have a higher credit score, you can often earn lower RV insurance rates than those with poorer scores. However, this practice isn't allowed in the following states:

If you live in any other state, try to maintain a good credit score to help reduce your RV insurance premiums.

Claims History

Like with many other policies, your claims history also influences the cost of your RV insurance. If you've filed multiple RV insurance claims in the past, you'll likely have a more expensive policy premium as a result.

Deductible Amount

Also, like many other policies, those RV insurance policies with a higher deductible tend to come with lower monthly or annual premiums. Choosing a policy with a higher deductible amount can help you save on your premium payments. However, keep in mind that you'd have to pay a higher cost out-of-pocket each time you file a claim. For some, the trade-off is worth it.

Common RV Insurance Discounts

RV insurance rates can be reduced through several common discounts. Those offered can vary by carrier, but here are a few you can often expect to find:

• Military or professional discounts: You can often save money on your RV insurance premiums if you're a service member, healthcare worker, government employee, or teacher.
• Homeowner discounts: Some insurance companies reward RV owners just for owning a traditional home along with their RV. 
• Paid-in-full discounts: Opting to pay your premium in full and upfront can save you not only time and paperwork but also money on your coverage.
• Storage discounts: Your insurance company may cut you a break on your coverage costs if you store your RV in a carport or garage when not in use.
• Safety features discounts: Installing safety features like anti-theft devices and airbags can help you reduce the cost of your coverage as well.

An independent insurance agent can help scout out any and all applicable RV insurance discounts you're eligible to earn to help you save the most money possible.

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Best Insurance Companies for RV Insurance

Finding the best carriers for RV insurance is easy when you work with an independent insurance agent. They know which insurance companies to recommend to meet your coverage needs, and can provide informed suggestions based on company reliability, rates, and more.

While many insurance companies might offer discount RV insurance, finding coverage could also depend on the area you live in. Here are a few of our top recommended companies for quality and affordable RV coverage.


           

Top RV Insurance Companies	Overall Carrier Star Rating
Progressive	5 Stars
The Hartford	5 Stars
Nationwide	5 Stars
USAA	4.5 Stars

An Independent Insurance Agent Can Help You Find Great Rates on RV Insurance

Independent insurance agents simplify the process by shopping and comparing insurance quotes for you. They have access to multiple insurance companies, ultimately finding you the best discount RV coverage, accessibility, and competitive pricing while working for you. And down the road, your agent will be there to help file RV insurance claims for you or update your coverage as necessary.