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.
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.
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:
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.
The cost of RV insurance will vary widely, depending on several factors:
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.
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.
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:
The amount of RV insurance you need will depend on several factors, such as:
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.