Insurance Question

We are full-timer and have our auto, motorcycles and full-timers rv policy with Progressive. Our rate actually went down at the first renewal.

I got a Progressive policy for my brand new trailer. It was a little more expensive than bundling the trailer with my home and vehicle carrier, but it has more coverage for the $$.

Like KPetrick mentions, it has gap (replacement) coverage, additional liability coverage, roadside assistance, and personal effects coverage which my regular policy had none of.

Great info folks.
Thank you,
Deane

Several things to consider and ask about when shopping for your insurance.

Do you have liability coverage if someone gets hurt at the campsite? Even if it's not your fault defending yourself gets expensive.
Replacement cost. If you have a new RV this can be a great option.
Personal effects. Will your homeowners policy cover them? Is there a separate deductible if you have a loss to your RV?
Storage option. Can you save money on your RV insurance while it is being stored? Awning coverage. The number one RV insurance claim is for awnings. Is it depreciated or replacement cost. Emergency assistance. It provides a place to stay up to limits on the policy if you can't stay in your RV because of a loss.

I use USAA for my motorhome, which they insure as a passenger vehicle. USAA carries all of my liability and casualty insurance and they are one of my banks. Member since 1967, when it was a co-op of officers only.

But they don't write casualty insurance on trailers, rather broker that for another insurer.

What insurance you have to carry depends on the type of RV and financial status. Motorized RVs come under state financial responsibility laws, and what kinds of insurance depends on the state, e.g. "no-fault" vs insurance or bond for liability.

Trailers don't need liability coverage in most cases, so you will be buying casualty insurance only to protect your investment, or a financial institutions interest in the trailer. If you own a trailer outright, and can afford to take the risk on its loss, you can often self insure. If you need to insure just a trailer, shop around, you might get better premiums, particularly if your automobile insurer doesn't actually underwrite that insurance and farms it out.

Unless your a fulltimer if your happy with your present insurnce carrier I would consider staying with them unless you want to look for lower rates.

We have used Progressive for 6 years with two major claims. Service was excellent and fast. No complaints. Rates are good in comparison to other companies. If I had any complaint, it would be the winter storage option. We planned to winterise and store for the 6 months we would be in Florida. Keeping minimum coverage and not driving for that period only saved us $131.00, a 10% reduction of the annual premium.

I will guess that most bundle their RV with their auto insurance company. I do so with USAA.