tow vehicle confusion

Gdetrailer wrote:

Actually in many cases it is not much more "costly" to own a extra dedicated tow vehicle.

Insurance companies do not openly advertise that they offer a heavily discounted insurance for vehicles deemed for RECREATIONAL USE..

So you and your spouse can have two main "daily" drivers (one for each of you) and add on a third vehicle designated as an occasional recreational use vehicle. The third vehicle insurance often costs less than you would think due to the fact it is not intended to be used every day year round..

Now keep in mind that is for older used vehicles, new vehicles are going to cost more since the a lot of the cost of the insurance is based on the vehicles value..

Our third vehicle is only costing us $300 or so a year and our other vehicles cost nearly $800 each per year since they are considerably newer and we still carry comprehensive insurance on those.

Best bet is to ASK your insurance agent about what it would cost to add a vehicle for recreational use.. If they don't or won't offer that then find a new insurance company that does..

ABSOLUTELY! I have our Yukon XL classified for recreational use, and my insurance caps that at 8K miles per year. However, because it only has 45K on it and is a 2004 in like-new condition, I have opted to go with an agreed value policy so I don't see as steep as a discount as I could if I went with a standard full coverage policy based on book value. Even so, full coverage for it is half that of full coverage for my 2014 RAM daily driver.

True enough that not everyone can afford a "reserve" or dedicated vehicle for various reasons, but sometimes there's more cost benefit than realized. Especially if it can be bought outright and you do your own maintenance.