What is RV Insurance?
Recreational vehicles, or RVs as they are often called, include a wide range of motorhomes, from camper vans to converted buses, organized by classes: Class A, B and C. Your RV insurance will depend on the class of your vehicle, how much you use it, whether you live in it full time and many other factors.
The classes of RV include:
- Class A: This class includes models such as luxury coaches, converted buses and motor coaches. These vehicles can be up to 75 feet in length.
- Class B: This is the smallest class of recreational vehicles. These vehicles do not have a cab-over, and can also include cargo van type designs, travel trailers, and camper vans.
- Class C: This group includes vehicles that use a standard cargo van as the driving portion of the RV and the camper portion extends over the cab area. This class covers fifth wheel vehicles.
What Does RV Insurance Cover?
RV insurance coverage is similar and covers many of the same risks that auto insurance does, including collision, liability, and comprehensive coverage. You can also get additional protection for your personal belongings on board and attached accessories such as satellite dishes and awnings.
Depending on the insurance company you choose, your additional coverage options may include:
- Total loss replacement
- Campsite and vacation coverage
- Emergency expenses
- Towing and roadside coverage
- Roof Coverage (only available in some areas)
- Critter Coverage (only available in some areas)
- Uninsured and underinsured motorists coverage
- How Does RV Insurance Work?
- RV insurance protects you from excessive out of pocket costs in the event of a loss or if you are at fault in an accident that causes bodily harm or property damage. It can also cover your costs if you break down on the side of the road.
How Much Does RV Insurance Cost?
The cost of RV insurance will vary widely, depending on several factors:
- Whether your RV is a Class A, B, or C model – Class A is the most expensive coverage followed by Class C, while Class B RVs are the least expensive to insure
- Whether you use your RV occasionally or if you are living in it full-time
- Your driving history and record of accidents or past claims
- The limits you set on your policy, as well as the deductible amounts
- The additional riders or added coverage you want to add, such as coverage for your personal belongings, towing and roadside assistance coverage, etc.
- As reference, a Class A RV may cost around $2,000 dollar a year or more to insure, while a Class B may fall somewhere in between $1,000 to $2,000 dollars.
Why Is RV Insurance Important?
RV insurance is an important coverage because of the large investment you’ve made in your vehicle. It is also important because these are large vehicles that can cause major bodily harm and significant damage to other vehicles and property in the event of an accident.
Consider also that if you buy a new RV, which can cost anywhere from $30,000 to over $200,000, and haven’t purchased full replacement cost coverage, you can be left with significant costs if it is totaled in an accident.
Is RV Insurance Required?
Like car insurance, RV insurance is required in every state. All states require a minimum amount of liability insurance; in addition, some require uninsured and underinsured motorists coverage.
Collision and comprehensive insurance limits are determined by you, tbut be sure to consider how you will cover your costs if you are in an accident and do not have adequate coverage.
Under the following circumstances, you will experience additional requirements:
- If you rent an RV
- If you live in your RV full time – in this case, you will need full-timers insurance which has some similarities to homeowners insurance
- If you finance the purchase of an RV – when you borrow money to buy your motorhome, your lender will most likely require you to buy RV coverage.
How Much RV Insurance Do I Need?
The amount of RV insurance you need will depend on several factors, such as:
- The requirements of the state in which you reside
- The class of motorhome you own
- Where you will be traveling, and whether you will cross state and country borders
- Whether you are using it part time or living in it full time
- Whether you have custom features on your motorhome, which can result in higher repair costs
Additionally, the amount of RV coverage you need will depend upon the assets you want to protect in the event of a liability claim or lawsuit.
For help determining how much RV insurance you will need, contact a Road Ready Insurance agent. They can help you learn about the requirements in your state as well as the specific risks you may face.