The most confusing part of owning an RV is trying to determine if traditional auto insurance will cover you or if you need RV Insurance.
But did you know...
There are several easy options for you to choose from and, depending on the type of RV you have, insurance might not be required.
After all, RV insurance is nothing like home insurance, boat insurance, or car insurance!
Today, I'm going to walk you through how insurance coverage for your RV works, when it’s necessary to have, and how to purchase it.
I’ll also go over the different types of RV insurance coverages and talk about why you should think about getting an insurance quote for yourself.
Feel free to click on the section below that most interests you!
What Is RV Insurance?
In "Plain English”: RV Insurance is protection against a loss in regards to your Recreational Vehicle (RV).
Most of the time when you hear the word RV, you usually think of Motorhomes.
The base of the insurance will still function as an auto insurance policy, so you will still need to choose a deductible and policy limits.
A specific RV Insurance policy will be a hybrid between auto insurance and homeowners insurance - meaning it covers both your engine, wheels and other automotive parts, as well as your home belongings.
Pro Tip: If you rent an RV, the rental company handles the insurance for you!
Next, we will discuss if this is this something you need to have insured.
Am I Required To Have RV Insurance?
When trying to figure out if you are required to have RV insurance, the requirements are very straightforward.
If You Tow It
If you tow your RV, your insurance is probably going to be optional depending on the state where you currently live.
Since a Teardrop trailer is towed behind a vehicle and not driven, your RV insurance is optional according to most states’ laws.
However, if you are purchasing an RV through a lender, they may require you obtain full coverage insurance to secure your RV.
Even if you aren’t required to have RV insurance I think its 100% worth having; you can never be over-insured.
If You Can Drive it
If you can drive it, like all vehicles, it is going to require at the least your states minimum liability insurance before you can take it on the road.
So if you're driving a Motorhome or Toterhome, you're required to purchase RV Insurance.
Like we stated above, you will probably have to get full coverage RV insurance if you are purchasing your RV with a loan.
RV Insurance vs Auto Insurance
Yes, your RV is in essence very similar to a car so most auto insurance companies will issue you a traditional auto insurance policy.
However, this is going to create gaps in your coverage that can be costly if all that you have is an auto insurance policy.
Traditional Auto Insurance
Your traditional auto insurance policy is going to treat your RV like a regular car on the road, so it isn’t going to cover anything like living spaces such as a kitchen or bathroom.
You mainly will only be covering one part of your RV, and that’s the “V” portion.
Traditional RV Insurance
You need to have a policy that is going to cover both the “R” and the “V” in your recreational vehicle.
An RV insurance policy is going to cover you for things you have to deal with on the road and also for things like coverage for your personal belongings, coverage for emergency expenses and replacement cost coverage, like an RV water pump breaking.
Overall, if you have an RV, it’s probably not the best Idea to just get your average auto insurance carrier to cover it. Get true RV insurance instead.
Types of RV Insurance
It is essential to understand how you plan to use your RV.
If you plan to be RVing as a full-timer, then you're probably going to have different needs than someone doing it as a part-timer.
Full-Timer RV Insurance
If you are a Full-Timer, then your RV is your home, and like everyone else, you want to make sure that your house is covered.
A Full-Timer policy will provide liability coverage like a homeowner’s insurance policy, and it will protect covered losses associated with parking an RV or using it as your primary residence.
This policy will also usually cover medical expenses for people insured in or around the RV and emergency coverage.
If you are an occasional or part-time RVer and don’t always use your RV to live in, then usually you will want part-timer or campsite insurance.
This type of insurance policy will cover you for most of the benefits of a full-timer policy like medical expense coverage for you or people around your RV.
What Does RV Insurance Cover?
Every policy is going to work different, and it’s best to learn exactly what is covered by a specific policy.
You also may need to purchase additional coverage for custom items on your RV. Your policy may cover:
Personal Property & Belongings Coverage
This coverage is going to include your personal property while you're driving in your RV or if you're parked.
Such things include:
- Cell Phones
Each policy is going to have different limits on the amount of coverage it will give you toward this so you should check your plan for specifics.
If you reach your RV Insurance limit, don’t forget that your homeowner's policy may cover you for the personal items as well, even if you're away from home.
Uninsured Motorist Coverage
This works the same way a traditional auto insurance policy works.
If you're in an accident with someone that doesn’t have car insurance or are a victim of a hit and run, then this part of your policy is going to kick in.
Personal Attachments Coverage
This coverage protects things attached to your RV, like:
- Satellite Dish
- Tv Antenna
Having personal attachments coverage is important to have, especially if you happen to drive through some bad weather or under a bridge that's juuust too low.
Make sure that you understand your policy limits for how much they will cover your attachments.
This is going to cover you for damage caused to your RV if you're in an accident with another vehicle; collision coverage will to protect you no matter who is at fault.
Full Replacement Cost Coverage
In the horrible event that your RV is destroyed by a covered loss or stolen, you can get your RV replaced 100% with full replacement cost coverage.
Medical Payment Coverage
This coverage will cover the medical expenses for both yourself and your passengers if your RV is involved in an accident, no matter who is at fault.
Be sure to ask about this coverage specifically when you are looking at your policy options; medical payment coverage is always an essential type of liability coverage to have.
This is going to give you the ability to cut your monthly premium payments for your RV insurance almost in half when you have your RV in storage.
This is an excellent option for people who aren’t full time RVers because if you don’t do any traveling during the winter time, then you can save money for that period.
This is going to cover your RV for things outside of collision; it is also called “other than collision” coverage.
This will cover things like damage from:
- Falling objects
- Other Natural Disasters
As with the other types of coverage, be sure to know your policy limits for your comprehensive coverage.
If you are a specific distance away from home, your roadside assistance coverage is going to kick in.
You will probably want to get more coverage than usual for this because towing an RV is going to cost more than it does to tow a regular vehicle.
Roadside Assistance will cover you If your RV breaks down from things like:
- Mechanical or electrical breakdown
- Battery failure
- Flat tire
- Insufficient supply of fuel oil, water, or other fluids
Pet Injury Coverage
Living with a pet can be a daily adventure, but living with a pet in an RV can be tough to manage.
If you are like most of us that take our pets everywhere, then you can understand why this coverage makes sense.
Hopefully, you have a separate pet insurance policy, but if not, you can add this protection to your policy for an additional cost.
You will need to check your policy limits as well.
How Much Does RV Insurance Cost?
Before we can look at how much RV Insurance will cost, we have to figure out how the cost structure is determined.
Your costs can vary depending on a few things:
Your Motorhome or RV Class
There are a few different classes of motorhomes, and your rates are determined based on which class you have:
Class A - These are the largest, most luxurious and most expensive motorhomes, ranging anywhere from 21-40 feet in length and sleeping up to eight people.
A Class A motorhome looks typically like a bus and is usually equipped with the highest quality of kitchens and living areas.
Class C - These are going to be in the mid-range and are usually about 20-33 feet in length, sleeping up to six people comfortably and are sometimes called mini motorhomes.
Class B - Your Class B motorhome is also known as a “camper van,” and are usually the smallest and most economical, ranging 16-21 feet in length and sleeping up to four people.
Campers and Travel Trailers - These are RV’s that have to be towed. Some have living quarters and some are mainly for storage.
To give you an idea, a Class A RV may cost around $2,500 a year or more to insure.
A Class B may fall somewhere in between $750 to $2,000, and a Travel Trailer or Camper can be even lower on an annual bases
How Often You Use Your RV
Do you use your RV occasionally or are you are living in the RV full-time?
Your rates will be more expensive if you plan to make your RV a residence.
On the other hand, you can get all sorts of discounts for storing or parking and not using your RV for a certain amount of time during the year.
As with any auto insurance, your driving history, and record of accidents or past claims filed are going to play a part in your total monthly premiums.
Your rate will also be based on the level of RV driving experience you may have as well, the more experience, the better the prices can be.
Deductibles & Limits You Choose
You always have to be mindful when choosing limits and deductibles.
If you choose too high, your premiums could become unaffordable, and if you choose too low, it could hurt you financially if you had an accident or loss.
Choose the limits that fit your life and constantly re-evaluate your RV needs as they change on a semi-annual basis.
Coverage for your personal belongings and things like roadside assistance, depending on the insurance company, can come at an additional cost.
Be sure to see how your specific policy works and if it includes any of these additional riders at no extra cost.
Additional factors that can determine your cost are also:
- Your Current Age
- If You Are Married Or Single
- Your Gender.
- Your Insurance Credit Score
As you can tell, almost no Rv insurance coverage quote is going to be the same, even with all the factors being the same, the insurance companies will still have different rates.
Your coverage premiums could range from $50 a year to $22,000 a year, like almost all insurance, the rates are based on the person that is getting the quote and buying the policy.
It’s best to get several insurance quotes and compare options to determine what policy will work best for your budget.
How Much RV Insurance Do I Need?
It’s wonderful to know that you need RV Insurance, but there are several factors you have to consider when determining how much you need, like:
- The RV Class Of Your Motorhome
- Where You Plan To Travel
- Are You Using It Part Time Or Full Time
- Do You Have Any Custom Features
- What Things You Want To Protect
The most honest answer is that you are going to need as much as you can afford, that will protect you, your guests, your RV, and your personal property.
It’s best to evaluate your needs and come up with a number or speak to a licensed agent to get an accurate insurance quote.
Other Insurance For The RV Owner & Family
Being on the road for long periods of time can be very fun; however, it’s important not to forget that you still need to have all of the traditional insurance (besides home insurance) such as:
This is super important for everyone to have and I can’t stress enough why it’s more important for a full time or part time Rver.
You are going to be on the Road and traveling to places unknown sometimes, so your risk is always going to be higher than someone that doesn’t live in their traveling vehicle.
You can check out our Ultimate Guide To Life insurance here to become more educated on why you need life insurance and how it works.
If you know you need coverage and aren’t sure how to go about it, you can get some life insurance quotes by clicking here.
I like to call this “Paycheck Insurance,” If something were to happen to your ability to work and make an income you might not be able to do your RVing full time anymore.
You might even have to sell your RV to keep up with expenses and loss of your income.
Sickness, not accidents, cause more than half of all disabilities, so don’t think you won’t need a policy like this; especially if you are a traveling Rv blogger.
Getting disability insurance is essential, especially since you never know when sickness or accident may happen and you never know where your RV journey might take you.
Health Insurance & Dental Coverage
While Traveling it is especially important to have health insurance because you never know where you are going to end up when Rving.
Your health insurance is going to cover you if you get sick or if you are hurt in an accident and can also cover any gaps that could happen if you only had the medical coverage through your RV Insurance.
You should also be mindful of your dental health when traveling and be sure to get a great dental plan because dental health is important no matter where you are and as a constant traveler.
Having the ability to keep up your dental routine will be significant.
Dental discount plans are almost always better than dental insurance so be sure to read how each product works.
It can be really fun being able to live anywhere and travel at any time, but it's imperative to make sure that everything and everyone has proper insurance coverage.
Insuring your RV can seem like a complicated process but just remember that you need to make sure you are covered for the R & V portion of an RV before you start driving anywhere.
There are several options and insurance carriers online that offer RV Insurance, and RV assistance programs.
It's best to check them out online or reach out to a licensed insurance agent, either way, be sure to get covered.
At the very least, get an extended service plan (see below).