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Safeguard your home on wheels from damage and accidents by choosing the right RV insurance. Here is a list of the best RV insurance companies in the market.
As the demand for motorhome travel continues to surge, safeguarding one's cherished homes on wheels becomes increasingly paramount. With a notable year-over-year increase in RV sales, more individuals are embracing the freedom and flexibility offered by motorhomes. However, it’s important to give careful thought to insurance coverage, considering the wide range of motorhomes available, from budget-friendly travel trailers to luxurious motor coaches with significant price tags. Understanding how motorhome insurance works is crucial for protection during both stationary and on-the-road adventures.
It might sound like a lot to take in, but don’t worry, we’ve got you covered! Read on below about the basics of motorhome insurance, essential factors to consider when choosing insurance companies, and the top 10 motorhome insurance companies in the United States.
How Does Motorhome Insurance Work?
Motorhome insurance is a specialized insurance package that integrates aspects from both vehicle and homeowner's insurance policies. Similar to car insurance, a comprehensive motorhome policy extends coverage for traffic accidents, motorhome and vehicle repairs, fire damage, theft, break-in-related damages, and liability protection for you, your passengers, pedestrians, and other drivers and their passengers.
While meeting the legal requirement of insuring your motorhome is crucial, it is important to go beyond simply opting for the cheapest policy option and carefully review the information provided by the insurer. Safeguarding your home on wheels against potential risks requires thoughtful consideration of various coverage options and levels, ensuring that your investment is adequately protected.
To acquire motorhome insurance, you will need to supply details about your motorhome, including its make, model, year, and any additional features or modifications. Insurance providers will assess these factors, along with your driving history, intended usage of the motorhome (part-time or full-time), and other personal particulars, to determine the available coverage options and premiums tailored to your circumstances. By conscientiously evaluating your needs and comparing insurance quotes from different providers, you can find the best insurance for motorhomes that offer the desired level of coverage and affordability.
What Does RV Insurance Cover?
RV insurance provides coverage for a variety of risks associated with owning and using an RV. The specific coverage and terms may vary depending on the insurance company and the policy you choose, but on the whole, there are a few main things that your RV insurance will cover. This includes liability coverage, which protects you financially if you are responsible for causing injury or property damage to others while operating your RV. It typically includes both bodily injury liability and property damage liability.
Also included are collision coverage, which helps pay for repairs or replacement if your RV is damaged due to a collision with another vehicle, and comprehensive coverage, which provides protection for non-collision incidents such as theft, vandalism, fire, severe weather, falling objects, and other similar events.
Apart from these main coverage areas, your RV insurance should also cover roadside assistance, personal belongings coverage, medical payments coverage, and vacation liability coverage. While having insurance that can cover all these is ideal, there may be companies that don’t offer the full package. Different insurance companies offer varying levels of coverage and options, so it's advisable to compare policies and obtain quotes from multiple insurers to find the one that best suits your needs.
Factors to Consider When Choosing a Motorhome Insurance
When choosing motorhome insurance, it is important to take into account various factors that can ensure you obtain the right coverage for your requirements. By considering these points, you can make an informed decision that aligns with your coverage needs, budget, and travel aspirations. It is crucial to regularly review your policy, make necessary updates when needed, and seek guidance from insurance professionals if necessary to guarantee that your motorhome remains adequately protected. Here’s a list of things to keep in mind when finding suitable motorhome insurance:
Deductibles
A deductible refers to the amount you are responsible for paying out of pocket before your insurance coverage takes effect. To evaluate the deductible options provided by insurance providers, consider your budget and risk tolerance when choosing a deductible. Try to find the right balance between a higher deductible for potential premium savings and ensuring that you can comfortably afford the deductible amount if necessary.
Additional coverages
Explore any supplementary coverages that may prove advantageous for your motorhome, such as roadside assistance, coverage for personal belongings, vacation liability coverage, and emergency expense coverage. Assessing these optional coverages can offer added peace of mind during your travels.
Policy exclusions and limitations
It’s important to carefully review policy exclusions and limitations so that you know what you’re in for. Familiarize yourself with any specific circumstances or types of damage that may not be covered by the policy. It is essential to have a clear understanding of what is included and excluded in your coverage.
Claims process and customer service
Conduct research on the insurance provider's reputation for customer service and the claims process. Read reviews, check ratings, and seek feedback from fellow RV owners regarding their experiences with different insurers. A dependable and responsive insurance company can make a significant difference in the event of a claim.
RV replacement in case of accident or theft
When obtaining insurance quotes, also try to inquire about the inclusion of Actual Cash Value (ACV), Agreed Value, or Total Loss Replacement. ACV represents the market value of the RV determined by third-party sources. Agreed Value means that the insurer agrees to a specific amount upfront with the policyholder, while Total Loss Replacement indicates that the company will provide the insured with a replacement RV if theirs is lost or stolen and under 5 years old.
How Much Does RV Insurance Cost?
Perhaps the most important question about RV insurance RVers ask is, how much is RV insurance? The cost of RV insurance can vary widely depending on several factors, including the type of RV, its value, your location, your driving history, the coverage options you choose, and the insurance provider you select. On average, RV insurance costs can vary anywhere from a few hundred dollars to several thousand dollars per year for RV insurance.
Smaller, less expensive RVs such as pop-up campers or travel trailers typically have cheap motorhome insurance rates. In contrast, larger, more expensive motorhomes and luxury RVs tend to have higher insurance premiums, such as Class A motorhome insurance cost, and Class C motorhome insurance.
To get an accurate estimate of the cost of RV insurance for your specific situation, it's best to contact insurance companies directly and request quotes. They will take into account all the relevant factors and provide you with a good idea of the average cost of RV insurance you can expect for your motorhome.
10 Best Motorhome Insurance Companies
When it’s time to choose the motorhome insurance for your RV, it’s natural to feel overwhelmed by the choices in the market. That is why we have curated a list of some of the best motorhome insurance companies in America. They offer a range of coverages and plans that could be catered to individual motorhome owners from luxury RVs to simple trailers. Remember to compare the plans available by each before choosing from the best RV insurance companies that suit your needs!
Good Sam RV Insurance is a platform that specializes in full-time RV insurance and helps direct customers to the best insurance covers with its partner companies. These include names like Progressive, National General, and Safeco. Good Sam Insurance also covers cross-border traveling into Mexico for its customers, and the agency has been voted best overall by RVers. Be sure to take a look at some Good Sam RV Insurance reviews before making your choice!
Pros
Customers can save up to $530 a year by switching to the company
Quotes can be obtained online, without an insurance agent
Several discounts are available such as on memberships and in storage units too
Cons
Not a direct insurer
Differing views by customers on their customer service
Expensive one-time payments
Progressive Insurance has been a leader in the industry for quite some time, having been founded in the late 1930s. The company’s RV insurance starts at only $125 per year and includes many of the standard covers like collision, liability, and medical payment coverage. Progressive also provides the option of creating a custom policy for its customers.
Pros
Policies for a broad range of recreational vehicles including travel and utility trailers
Provides multi-policy to insurers which keeps its rates competitive
Online quotes are available
Cons
Does not include personal injury protection and roadside assistance in the core policy
Insurance rates and eligible discounts vary by state and zip codes
Insurance costs might differ based on whether you buy online or through their agent
National General RV insurance offers coverage for a variety of possessions and has secured the insurance industry with more than 100 years of experience. Having a professional claim response team and a network of more than 55,000 independent agents across the country, National General ensures that customers always have access to assistance and guidance whenever they require it.
Pros
Customer service is highly rated and is available 24/7
Low rates compared to other companies
Full-time coverage for full RV residents
Cons
They do not cover all RV classes
No specific policies for part-timers, weekenders, or vacation travelers
Nationwide RV Insurance is considered the best company for a variety of discounts including multi-policy, RV association membership, claims-free renewal, and good driver discounts. They also offer various add-ons like vacation liability, roadside assistance, safety glass replacement, and towing that make the travel stress-free and comfortable.
Pros
Many policy coverage and bundles available
Allows customers to review and alter policies
Cons
Doesn’t offer online quotes
Major complaints about their claims process
Safeco Insurance is a part of Liberty Mutual Insurance, which is the sixth-largest personal lines insurer in America. They offer extensive coverage policies for most RV needs, increasing the insurers' choices.
Pros
Insures motorhomes valued up to $1 million
Loan or lease protection coverage is available
Different policies are available that can allow customization
Cons
Coverage is limited to vehicles only used less than 250 days a year
Customer service ratings are below average on their claims
Does not offer many discounts
Roamly Insurance specializes in RV insurance plans and works with other companies to help customers gain the best policy that suits their individual needs. It is highly useful to people who rent out their RVs for most of the year, a policy not provided by most other companies. You can also get an online quote for free on their website!
Pros
Policies also available for full-time motorhome owners
Covers rental RVs
Coverage available in Canada as well
Cons
Only offers RV policies so some discounts might be missed, such as multi-vehicle, etc
Quotes are not immediately available online
Auto-Owners Insurance has been rated the best by several reviewers due to its excellent customer service policy that includes independent agents, an online customer center, and even a mobile app. This makes the company a great option for RVers who want to ensure their claims get resolved quickly.
Pros
Premium reductions available for installing certain security features
Mobile app available for Apple and Android
Cons
No online quotes available unless you talk to an agent
Not available throughout the country
Foremost RV Insurance has decades of experience in the RV insurance market as it specialized in only RV plans when it started, now it covers an expansive catalog. It offers good discounts on several security measures and includes coverages like emergency expenses, vacation liability, and other-than-collision coverage as well.
Pros
Provides a comprehensive and customizable insurance plan
Available in almost all states in America
Provides special discounts to USAA members
Cons
Limited information on website about their policies and plans
Expensive for some motorhome owners
Farmers are one of America’s largest home and auto insurers, with millions of customers nationwide. The insurance company offers a wide range of coverages as well as several discounts to its customers. It also has high ratings compared to other large insurance companies.
Pros
Offers 24/7 and mobile claims reporting
Policy extends to travel in Canada
Coverage is offered nationwide
Cons
High premium rates
No official claims response time frame available
High complaint rate in third-party dealings
USAA RV Insurance provides competitive rates and excellent customer service. Its insurance rates can vary depending on several factors, such as the type and value of your RV, your location, and your driving history. USAA has a reputation for providing top-notch customer service. They are known for their helpful and knowledgeable representatives who can assist you throughout the insurance process, from getting a quote to filing a claim.
Pros
Competitive rates
Many coverage options
Excellent customer service
Cons
Limited geographical reach
Limited third-party options
Limited member eligibility
Tips for Lowering Motorhome Insurance Premiums
Selecting an ideal motorhome insurance policy is not ideal if the premiums are too unaffordable. However, there are several strategies that can assist in reducing the costs while ensuring adequate coverage. Here are some valuable tips to consider when aiming to lower your motorhome insurance premiums:
Compare shops and obtain quotes
One effective strategy for reducing motorhome insurance premiums is to thoroughly research and obtain quotes from multiple insurance providers. Take the time to compare coverage options, premiums, and consider the quality of coverage and customer service provided by each insurer.
Enhance security measures
Increasing the security measures on your motorhome can result in lower insurance premiums. Install anti-theft devices like alarms, immobilizers, and tracking systems. Utilize secure storage options such as monitored parking lots or garages to minimize the risk of theft or damage, potentially qualifying for premium discounts.
Bundle policies
If you already have insurance coverage for other vehicles or your home, consider bundling your motorhome insurance with these policies. Many insurers offer discounts for multiple policies, leading to significant savings on premiums.
Maintain a good driving record
Sustaining a clean driving record, devoid of accidents or traffic violations, demonstrates responsible driving behavior and reduces the perceived risk for insurers. Several years of claim-free driving can substantially lower premiums.
Opt for a higher deductible
The deductible is the amount you are responsible for paying out of pocket before your insurance coverage applies. Opting for a higher deductible can result in lower premiums. However, ensure that you select a deductible that you can comfortably afford to pay if you need to file a claim.
Seek discounts
Inquire about available discounts when obtaining motorhome insurance quotes. Insurers often offer discounts for safe driving records, membership in RV clubs or associations, full payment discounts, or completion of defensive driving courses. Explore potential discounts for which you may be eligible.
Consider RV usage and storage
How you use and store your motorhome can impact your insurance premium. If you only use your motorhome seasonally or part-time, consider opting for a usage-based or seasonal policy. Additionally, storing your motorhome in a safe and secure location when not in use, such as a dedicated storage facility, can lead to lower premiums.
Conclusion
Choosing the right motorhome insurance company is a crucial step in protecting your home on wheels. Be sure to do your research before choosing insurance for your RV that fits your needs best. Remember, motorhome insurance is not a one-size-fits-all solution, so take the time to assess your specific requirements and consult with insurance professionals to ensure you have comprehensive protection for your motorhome adventures. Happy RVing!