Motorhome Insurance: High Costs And How To Reduce Them

Motorhome insurance is a specialised type of insurance that covers recreational vehicles (RVs) such as camper vans, trailers, and other motorhomes. The cost of insuring a motorhome varies depending on several factors, including the type of motorhome, location, usage, and driving experience. The largest type of RV, the Class A motorhome, typically costs more to insure than smaller motorhomes, with insurance ranging from $1000 to $4000 per year. On the other hand, Class B motorhomes are smaller and more similar to full-sized vans, making them the least expensive to insure, with estimated costs ranging from $500 to $1000 per year. The cost of insurance also depends on whether you live in a highly populated area, with higher risks of accidents and theft, and whether you require additional coverage for personal belongings, permanent attachments, and full-time residence.

Motorhome insurance costs vary by state and region

The location of the motorhome owner also impacts insurance costs, as each state has its own risk factors and regulations. For example, highly populated areas may result in higher insurance costs due to an increased risk of motor vehicle accidents. Similarly, regions prone to catastrophic weather events or motor vehicle theft may also have higher insurance premiums. The cost of insurance can also vary depending on whether the motorhome is used as a permanent residence or for recreational purposes, with full-time RVers typically paying more for insurance than part-timers.

The driver's experience and driving history are additional factors that influence insurance costs. Inexperienced drivers often pay more for motorhome insurance than veteran RV operators. A clean driving record can help in obtaining a more competitive insurance rate, whereas a history of accidents, traffic violations, or insurance claims can result in higher premiums.

It is worth noting that the type of coverage selected will also impact the overall cost of motorhome insurance. Higher liability limits provide added protection but usually come at a higher price, while choosing a higher deductible can lower insurance costs but may lead to higher out-of-pocket expenses in the event of a claim.

Class A motorhomes are the most expensive to insure

Motorhome insurance can be expensive, and several factors influence the cost of insuring one. These include the type, age, condition, and value of the motorhome, as well as the driver's experience and location. The largest type of RV, Class A motorhomes, are the most expensive to insure.

Class A motorhomes are the biggest, heaviest, and most luxurious RVs. They are entirely self-contained and have many features, accessories, and personal belongings that need greater protection. Because of their high price point, size, and weight, insurance companies assume more risk when insuring these vehicles. The more luxurious the motorhome, the more expensive it is to insure. A Class A diesel pusher, for example, may cost upwards of $2,000 to insure annually.

The make, model, and year of a Class A motorhome also influence insurance costs. Newer and more expensive RVs will cost more to insure. Additionally, the condition of the vehicle matters; newer, well-maintained vehicles may have lower premiums compared to older models or those with a history of damages.

The driver's experience also plays a role in determining insurance costs for Class A motorhomes. Insurance companies will consider the driver's driving record, including past accidents and traffic violations, to assess their trustworthiness on the road. Drivers who get into accidents frequently or have a history of violations will have higher insurance premiums.

Finally, the location of the motorhome can impact insurance costs. Highly populated areas mean a higher risk of motor vehicle accidents, increasing insurance rates. Regions prone to catastrophic weather and motor vehicle theft may also result in higher insurance costs.

The size and value of your motorhome affect insurance costs

The size, value, and type of your motorhome are key factors in determining the cost of insurance. The largest type of RV, the Class A motorhome, typically costs more to insure than the smaller Class C motorhome and the even smaller Class B camper van. The most luxurious of motorhomes cost more to insure, while smaller Class B motorhomes cost a fraction of that. A Class A diesel pusher (the most luxurious RV) may cost upwards of $2,000 to insure annually. A Class C vehicle may have an insurance cost of $600 to $1,000 annually, and a Class B motorhome could cost between $300 and $1,000 to insure annually.

The value of your motorhome also affects insurance costs. A new, luxurious motorhome will generally cost more to insure than an older utility trailer because of its resale value. The higher the value of your motorhome, the higher the insurance costs. According to Finder Australia, the average cost to insure a motorhome ranges from several hundred dollars to over $1,000 per year.

The cost of insurance is also influenced by factors such as location, usage, and driving experience. For example, if you live in your RV for more than six months a year, you may need to purchase additional coverages, which will increase the cost of insurance. Similarly, if you use your RV frequently and drive long distances, your insurance rates may be higher compared to someone who uses their RV occasionally.

Additionally, the size of your motorhome can impact storage costs. When not in use, it is recommended to store your motorhome in a safe storage facility, such as a storage unit or your backyard. The cost of storing your motorhome will depend on its size and the type of storage unit you choose.

Motorhome insurance costs depend on your driving history

Motorhome insurance costs can vary depending on several factors, and one of the most significant factors is your driving history. Insurers will consider your driving record, including past accidents, traffic violations, and DUIs. A clean driving record with no accidents or violations can help you obtain a lower insurance premium.

The type of motorhome you own also plays a role in determining insurance costs. The largest type of RV, the Class A motorhome, typically costs more to insure than smaller options like Class C motorhomes or camper vans. This is because larger motorhomes are more expensive, and their higher resale value makes them a greater financial risk for insurers.

In addition to the size and class of your motorhome, its age and condition are also important factors. Newer motorhomes are generally more expensive to insure due to their higher value. However, older motorhomes may have higher premiums if they are more prone to mechanical issues or have a history of damages. Well-maintained vehicles tend to have lower insurance costs.

Your usage of the motorhome is another critical aspect that influences insurance rates. Full-time RVers who live in their motorhomes for more than six months a year will usually pay higher premiums. On the other hand, part-time RVers who use their motorhomes for road trips or recreationally will generally pay less for insurance.

The location where you store your motorhome also impacts insurance costs. Storing your motorhome in a locked garage at home is considered the cheapest option. Storing it at a high-end CaSSOA site is the second-best option, with slightly higher rates. However, low-end CaSSOA sites can significantly increase your insurance premium.

Lastly, the number of drivers on your policy matters too. Adding additional drivers, especially those with a good driving record and motorhome driving experience, can increase the cost of your insurance. Most insurers allow up to four additional drivers, and a few permit up to six.

Additional coverage options can increase insurance costs

The cost of insuring a motorhome depends on several factors, including the type of motorhome, location, usage, and driving experience. The largest type of RV, the Class A motorhome, typically costs more to insure than the smaller Class C and Class B motorhomes. This is because the larger motorhomes are more luxurious and have a higher resale value.

You can also add extra coverages like roadside assistance, vacation liability, and total loss replacement. While these options are worthwhile, they will increase the cost of your insurance policy. If you want to insure your personal belongings, such as clothing, laptops, cameras, and bicycles, you will need to add this coverage.

The cost of insurance also depends on your location. If you live in a highly populated area, your insurance cost will be higher due to the increased risk of motor vehicle accidents. Similarly, regions prone to catastrophic weather and motor vehicle theft may also be more expensive for insurance.

Your driving history and the condition of your motorhome also play a role in determining insurance costs. A newer, well-maintained vehicle may have lower premiums compared to older models or those with a history of damages. Opting for higher liability limits provides added protection but typically results in higher premiums.

Frequently asked questions