Newbie Question about RV Insurance

[Mike_Ehrmantrau]

This is a question from a first time RV buyer. I am in the process of purchasing a late 90's Class C RV. It appears to be in really nice shape. It just needs a good cleaning from top to bottom (dust, surface dirt, a little wear in the rug).

The dealer I am buying from stated that insurance for RV's of this type should be about $300 - 400 a year.

When I went to my insurance agent, she quoted me $480... for six months. When I gasped, she said "Yeah, I thought it would be higher". I told her I thought it would be lower. Insurance on my mid-2000's Honda SUV is about the same price for six months.

Considering I live in the Northeast, having a pretty good driving record, is $960 a year for RV insurance the standard?

[DaHose]

Here in Ca. we were just told that we had to increase our AAA coverage to collision and comp. for our 1983 class C. Funny thing is our rate went down. We pay $1200 yearly for two cars and the RV.

Jose

[5Mainecampers]

We have a '98 Class C: insured with Geico with the vehicles- full coverage, roadside service, trip interruption coverage and $500 deductible for less than $200/ 6 mo period.

[mgirardo]

I thought your estimate seemed high. We're in the same boat as wbwood, we pay less per year than your 6 month quote for full coverage and $500 deductible with Geico. All of our vehicles are with Geico and they claim we save almost $200/6 months as a result.

-Michael

[burghcoder]

We are in the same situation, trying to get insurance on my new class C motor home. I got a really good quote from http://rvainsurance.com.

[Mike_Ehrmantrau]

wbwood wrote:
Shop around. That price is higher than what we have on our 2013 Class C (in our signature). Our deductible is $500 I believe. And ours is for a year, not 6 months. Yes, the amount you quoted is more than what we pay for an entire year.

Check out this article if you decide to call Good Sam to get a quote.

Thanks for the link to the article. Knowing that one of the other major insurance companies can provide me equivalent coverage for almost half the price will get me motivated to do the search. It is unfortunate that my "neighborly" insurance company is unable to do the same.

[wbwood]

Shop around. That price is higher than what we have on our 2013 Class C (in our signature). Our deductible is $500 I believe. And ours is for a year, not 6 months. Yes, the amount you quoted is more than what we pay for an entire year.

Check out this article if you decide to call Good Sam to get a quote.

[tatest]

Mike_Ehrmantraut wrote:

tatest wrote:
Look at the policy details. Are you trying to insure something for which you might carry the risk yourself? Small deductibles? Do you have mileage estimates right?

Comprehensive risks tend to mean high premiums on that coverage for vehicles that spend a lot of time in storage.

Claims history means a lot more than driving record.

Changing the deductible from $250 to $500 only dropped it to $468. I have the paperwork from the insurance agent with all the details.

I do not believe I have ever filed a claim with my insurance agent before.

Changing the deductible from $250 to $500 does little to reduce the insurer's risk. $500 is still a small deductible. Most small damage goes beyond that with today's labor costs, prices of parts like windshields. A deductible of $1000, $2000 or more will usually bring comprehensive premiums down, particularly if you also do not cover contents. Still, for most automotive policies, comprehensive is usually not much more than 1/4 to 1/3 of the premium, liability is often half and you can't do much to reduce that except to move. Found that out by taking some low value vehicles to liability coverage only.

Then of course, if the rules are "no fault" you don't have much room to manipulate the balance between insured risks and risks you take on yourself.

[dxwoman]

We have Geico on our 98 Travelmaster and we pay $185 every 6 months.

[Cobra21]

Try Progressive on line. My '93 class C is $300 a year with full coverage. That's $500 deductible.

Brian

[Mike_Ehrmantrau]

wendyly wrote:
Get quotes from other companies. My insurance company doesn't specialize in RV's, so they quoted me $700 every 6 months. I found it for less than half that through another company.

That was what my insurance agent stated, "we don't insure many RV's". I did not think that would mean higher premiums for me.

[Mike_Ehrmantrau]

tatest wrote:
Look at the policy details. Are you trying to insure something for which you might carry the risk yourself? Small deductibles? Do you have mileage estimates right?

Comprehensive risks tend to mean high premiums on that coverage for vehicles that spend a lot of time in storage.

Claims history means a lot more than driving record.

Changing the deductible from $250 to $500 only dropped it to $468. I have the paperwork from the insurance agent with all the details.

I do not believe I have ever filed a claim with my insurance agent before.

[rekoj71]

Get more quotes. I had huge swings from one company to another, even the RV specialty companies. I'm not saying that 960 a year is bad as that might depend on what you are insuring. Some companies charged more cause it was my first RV. I understood that but when other company didn't ask that question it was much cheaper.

[wendyly]

Get quotes from other companies. My insurance company doesn't specialize in RV's, so they quoted me $700 every 6 months. I found it for less than half that through another company.

[tatest]

Look at the policy details. Are you trying to insure something for which you might carry the risk yourself? Small deductibles? Do you have mileage estimates right?

Comprehensive risks tend to mean high premiums on that coverage for vehicles that spend a lot of time in storage.

Claims history means a lot more than driving record.