RV insurance

[sflabrkr]

I might have just bought an RV and I need insurance.
The quotes I received are from r companies so far.

Geico $1950 yr
Progressive $3000
national interstate $1667
Allied $1127

How can there be that much of a difference?
Has anybody used RV America?
Stefan

[sflabrkr]

bodyshop bob wrote:
Good question on the towing -- wish I had clear answer. Thru your insurance (typically) towing is covered if you have a covered loss. Flat tires and mechanical breakdown are not covered losses. So - adding a road side assistance plan is not a bad idea. I will leave it to others to debate Coachnet vs Good Sam; however, neither one has its own service. They both (probably) use national tow vendors.

Actual Cash Value (ACV) is okay if you bought it right and you paid a good bit down or if you own it outright. All RV's depreciate quickly which means the ACV continues to decline. If the value of the coach declines below the loan value (assuming there is a loan) and if a loss occurs that results in a total loss then you would be upside down on the pay-off. Basically, if you paid the coach outright then you won't be "upside down" but you may surprised how quickly it falls in value. If you do have a loan and you really want peace-of-mind you can ask about gap insurance which covers a portion (or all) of the difference between loan balance versus ACV.

First< I bought it right, but I would not be able to replace it if they gave me back my money.
According to the rep, it covers everything coachnet does except I have to pay first and then get reimbursed and up to $750.

[bodyshop_bob]

Good question on the towing -- wish I had clear answer. Thru your insurance (typically) towing is covered if you have a covered loss. Flat tires and mechanical breakdown are not covered losses. So - adding a road side assistance plan is not a bad idea. I will leave it to others to debate Coachnet vs Good Sam; however, neither one has its own service. They both (probably) use national tow vendors.

Actual Cash Value (ACV) is okay if you bought it right and you paid a good bit down or if you own it outright. All RV's depreciate quickly which means the ACV continues to decline. If the value of the coach declines below the loan value (assuming there is a loan) and if a loss occurs that results in a total loss then you would be upside down on the pay-off. Basically, if you paid the coach outright then you won't be "upside down" but you may surprised how quickly it falls in value. If you do have a loan and you really want peace-of-mind you can ask about gap insurance which covers a portion (or all) of the difference between loan balance versus ACV.

[sflabrkr]

I realize that the price isn't the only thing that I should look at. That's why I asked about Allied paying claims.
I just got off the phone with the agent and he cleared up some things, such as the awnings are covered on the main policy, whereas national has a seperate rider for it.
Towing is covered up to $750. and I will get reimbursed.
Is that better than Coachnet or Good Sam?
How much is a tow or service from emergency road service company?
Should I buy Coachnet anyway?
The comp & collision is actual cash value not replacement cost.

[bullydogs1]

I just did this drill..Loved Blue Sky..then 900 increase they did want because they could...bye bye blue sky..hello allied..best reasonable one out there right now...went thru FCIS insurance agency out of Forest City..nice people...no tickets, or accidents and I garage it...While service at blue sky was excellent..excellent is not worth 900 per year...

[Dtank]

bodyshop bob wrote:
WOW - there's a lot of info and opinion on this thread.
If you don't know much about insurance -- go find a reputable Independent Agent to assist you and tell him you want.

If you feel comfortable hacking through the jungle of online insurance quotes then feel free to spend an entire day trying to figure out the different quotes.

Simply put, the more you learn the better your final decision will be.

You CANNOT look at bottom line cost without looking at what is covered and how its covered.

Having said all that -- it came down to Allied and Blue Sky for me and I chose Blue Sky. But I know exactly what I bought and exactly what is covered so I don't ever expect to have an issue if/when I need them.

The independent insurance agent is a good starting point.

Adjust the learning curve - on your own.

"What is - and what isn't covered" - Maybe it's out of sequence (above) but know exactly what -and how much- coverage you want.

Compare policy costs "apples to apples".

Your age, location (state), full time or part time, other vehicles, etc., - may have a big effect on costs.

Blue Sky -
Having said some of that.......
I had a great company -and prices- when I was in So. CA.
Then I became a SD resident - the company I had did *not* write policies for SD. (They knew that when DL was changed).

So - had Blue Sky agency - policies = Progressive Ins.
X'lnt insurance prices - for my RV and vehicles.
(SD only has about 750K residents in the entire state!).

Then - back to So. CA.
Told Blue Sky of my return to So. CA.
*Big* price increase! (Progressive Ins.)

OK - time to get to work on my own "apples to apples" coverages.

Checked with USAA, AAA, and others - then back to my first (CA) insurer, Wawanesa.

Wow! Approx $1K *less* per year than the others. Even less than my previous (SD) policy from Blue Sky!
All comparisons for *EXACTLY* the same coverage.

Yes - the RV (a 5th) has a separate policy.
"Bundles" won't change anything.
No agents - deal directly with the company (in San Diego).
All policies are (req'd to be) for one year. (3 payments OK).

How good is Wawanesa?
Never had a claim so no help there....but one day I was in the local AAA branch to renew a registration..:)

The gal doing my paperwork, asked if I was interested in an insurance quote from AAA.
No thanks - I recently got one - AAA couldn't compete.

She says, "Who do you insure with?"

When I told her - she (the *AAA employee*) said,
"My husband and I tried to get insurance from Wawanesa, but they wouldn't take us because he uses his car for business."

Gee - sorry to hear that (for her)..:(
For me - happy to hear that!..:B

Bottom line = it starts out as *YOUR* money, so do *YOUR* homework!!..;)

.

[RAS43]

Goostoff wrote:

sflabrkr wrote:

Dave H M wrote:
If you are not full time, why not give your parent insurance company a call. That costs nothing and the bundle may be the answer.

It was for with USAA.

I did, I have geico for over 35 years.

One thing I have noticed over the years is that ins companies do not reward loyalty. Maybe its time to shop around.Everyone always has those low rates to get your business and then jack the **** out of you the next year. I have changes agents twice in the last 3 years. I am tired of these organized mob bosses and their legalized extortion digging in my pockets.

I've been saying this here for years. Thanks!

[sflabrkr]

bodyshop bob wrote:
WOW - there's a lot of info and opinion on this thread.
If you don't know much about insurance -- go find a reputable Independent Agent to assist you and tell him you want Collision/Comp & Liability coverage along with an awning endorsement at a minimum. If you can a write a check for $1000 any day of the year and not miss a meal, that should be your deductible.
If you feel comfortable hacking through the jungle of online insurance quotes then feel free to spend an entire day trying to figure out the different quotes. The more you learn about the different add-on coverages the better shopper you become. Collision & Comp will be some what similar across the companies. Liability will be very different as each company has a different stand on how much risk they are willing to assume. You do need awning coverage. You most likely do not need personal property coverage for you MH. Your homeowners policy will cover your personal property while on the road. (10% of Section C coverage on your HO policy) -- call your HO agent to get the exact figure. Mine is $16,500 of coverage and I'm comfortable assuming the risk for any overage.
There are interesting new wrinkles like paying a bit more but getting up to 25% of your deductible waived for each year of coverage without a claim.
Very Important -- ask about total loss coverage and how is the value of the MH determined? Ask if coverage on some items is subject to depreciation. For example, you're camping and a Florida thunderstorm comes up and causes a large limb to fall striking your A/C unit and it can't be fixed. Will your coverage allow for a new A/C unit or will the value of the A/C unit be adjusted due to its age? Some depreciated coverage will reduce the value of the A/C unit up to 75%. In other words, the insurance company will only pay 25% of the cost of a new unit and still charge you your comprehensive deductible, to boot.
Simply put, the more you learn the better your final decision will be. You CANNOT look at bottom line cost without looking at what is covered and how its covered.
Having said all that -- it came down to Allied and Blue Sky for me and I chose Blue Sky. But I know exactly what I bought and exactly what is covered so I don't ever expect to have an issue if/when I need them.

Bob, since I have never owned an RV before, I don't know anything about coverages and what I need.
I will need to find out if it's replacement or depreciated. They said the awnings are already covered in the main policy so they don't have an add-on for it. Is that what purchase price guarantee is?

[Goostoff]

sflabrkr wrote:

Dave H M wrote:
If you are not full time, why not give your parent insurance company a call. That costs nothing and the bundle may be the answer.

It was for with USAA.

I did, I have geico for over 35 years.

One thing I have noticed over the years is that ins companies do not reward loyalty. Maybe its time to shop around.Everyone always has those low rates to get your business and then jack the **** out of you the next year. I have changes agents twice in the last 3 years. I am tired of these organized mob bosses and their legalized extortion digging in my pockets.

[bodyshop_bob]

WOW - there's a lot of info and opinion on this thread.
If you don't know much about insurance -- go find a reputable Independent Agent to assist you and tell him you want Collision/Comp & Liability coverage along with an awning endorsement at a minimum. If you can a write a check for $1000 any day of the year and not miss a meal, that should be your deductible.
If you feel comfortable hacking through the jungle of online insurance quotes then feel free to spend an entire day trying to figure out the different quotes. The more you learn about the different add-on coverages the better shopper you become. Collision & Comp will be some what similar across the companies. Liability will be very different as each company has a different stand on how much risk they are willing to assume. You do need awning coverage. You most likely do not need personal property coverage for you MH. Your homeowners policy will cover your personal property while on the road. (10% of Section C coverage on your HO policy) -- call your HO agent to get the exact figure. Mine is $16,500 of coverage and I'm comfortable assuming the risk for any overage.
There are interesting new wrinkles like paying a bit more but getting up to 25% of your deductible waived for each year of coverage without a claim.
Very Important -- ask about total loss coverage and how is the value of the MH determined? Ask if coverage on some items is subject to depreciation. For example, you're camping and a Florida thunderstorm comes up and causes a large limb to fall striking your A/C unit and it can't be fixed. Will your coverage allow for a new A/C unit or will the value of the A/C unit be adjusted due to its age? Some depreciated coverage will reduce the value of the A/C unit up to 75%. In other words, the insurance company will only pay 25% of the cost of a new unit and still charge you your comprehensive deductible, to boot.
Simply put, the more you learn the better your final decision will be. You CANNOT look at bottom line cost without looking at what is covered and how its covered.
Having said all that -- it came down to Allied and Blue Sky for me and I chose Blue Sky. But I know exactly what I bought and exactly what is covered so I don't ever expect to have an issue if/when I need them.

[sflabrkr]

Goostoff wrote:
Inever did see where you mentioned what you were insuring, but my 5th wheel costs me $437 a year for full coverage through american family.

I bought a used 45' motorhome

[sflabrkr]

Dave H M wrote:
If you are not full time, why not give your parent insurance company a call. That costs nothing and the bundle may be the answer.

It was for with USAA.

I did, I have geico for over 35 years.

[Goostoff]

Inever did see where you mentioned what you were insuring, but my 5th wheel costs me $437 a year for full coverage through american family.

[onemilmhz]

I'm a little surprised that Progressive was THAT much higher. They were by far the best option for us when we insured our TT's and TH over the years, and now again with the new PU. Full disclosure, we've been with them for almost 20 years now, so that may have played a part, but I cant imagine why they would be that out of line with their quote. I know opinions are plentiful about Progressive, but I have always been very happy with them.

[Dave_H_M]

If you are not full time, why not give your parent insurance company a call. That costs nothing and the bundle may be the answer.

It was for with USAA.