Cheapest RV Insurance: Companies and Discounts (2022)
Like auto insurance, RV insurance covers personal liability, property, personal injury, and other types of claims for and against you and your camper. Once you meet any requirements you have from your state, lender, district, or other legal entity, how you build your policy is generally up to you.
Standard RV coverage
Most, if not all, RV insurance companies offer the same types of standard insurance policies. These are almost identical to what you would find for auto insurance. They understand :
- Civil liability for bodily injury: Covers medical expenses, lost wages and more for other parties resulting from an accident for which you are found responsible.
- Property damage civil liability: Covers material damage to vehicles and other property caused by an accident for which you are found responsible.
- Collision coverage: Covers bodily injury to your motorhome resulting from a covered loss, regardless of who caused the accident.
- Full coverage: Covers damage to your RV from non-accidental sources such as extreme weather, fire and vandalism.
- Uninsured Motorist/Underinsured Motorist: Covers your property damage and personal injury costs in the event that an at-fault driver does not have sufficient coverage.
- Personal Injury Protection (PIP): Covers medical expenses and lost wages for members of your group, regardless of who is found guilty of an accident.
- Medical payments (MedPay): Covers medical expenses but not lost wages for you and those around you following an accident, regardless of who is found guilty.
Additional coverage for RV
Most RV insurers offer policy options to help cover other aspects of the RV that standard coverages might not cover. Some of the more common examples of these additional coverage options include:
- Coverage of emergency expenses: Covers food, accommodation and other travel-related expenses if your motorhome breaks down far from your destination and cannot be used.
- Full time responsibility: Covers property and personal injury liability claims made against your motorhome if you use it as your primary residence, the same way a home insurance policy works.
- International coverage: Covers your motorhome when traveling outside US borders.
- Personal property: Covers personal effects beyond what is covered by a home insurance policy. It usually pays in place of a home insurance claim.
- Pet injury coverage: Covers the medical expenses of pets if they are injured during a covered claim.
- Reimbursement of rent: Covers the cost of a rental vehicle if your RV is totaled or in the shop for repairs.
- Roadside assistance: Covers the cost of emergency road services like tire repairs, fluid and fuel delivery and more.
- safety glass: Covers the cost of repairing or replacing your RV’s windshield, which is often excluded from standard coverage.
- Audio system: Covers your RV’s speakers and other audio equipment.
- Towing and labor: Covers the cost of on-site repair or towing your RV if it breaks down on the road.
- Holiday Liability: Covers liability claims against you and your RV when parked away from your home.
Types of RVs
Your insurance premiums will also depend on the type of RV you own. Recreational vehicles come in all sorts of shapes and sizes – and with a huge range of functions, features and conveniences. These vehicles fall into two broad categories: towable and towable.
Towable RVs do not have their own engine. Instead, they need a tow vehicle to pull them from place to place. Here are the main types of trailers:
- teardrop trailers: Typically the smallest RVs, teardrops get their name from their unique aerodynamic shape.
- Pop-up campers: These motorhomes are called pop-ups because, after being stowed away for easy towing, they pop up to reveal a full size motorhome, with standing room.
- Toy carriers: These trailerable motorhomes have larger storage spaces for large sports equipment like surfboards, fishing gear and sometimes even a motorcycle or ATV.
- Travel trailers: The most popular type of RV, these trailers vary widely in features and amenities.
- Fifth wheel trailers: “Fifth wheels” get their name from the unique tow hitch used to attach them to a towing vehicle. This hitch is necessary because these RVs are some of the biggest and heaviest on the road.
Also called self-propelled motorhomes and RVs, drive-through vehicles have their own engine and can move on their own. Most motorhomes fall into three categories:
- Class A Motorhomes: The luxury yachts of the road, Class A RVs are among the largest and most complete in the industry. Some models can cost over a million dollars.
- Class B Motorhomes: Often called “RVs” because they are built on a van chassis, Class B RVs are rapidly gaining popularity.
- Class C Motorhomes: Despite the name, Class C RVs are actually bigger and tend to have more amenities than Class B RVs, but they are smaller and more maneuverable than Class A RVs.
Generally, you’ll find the cheapest RV insurance on trailers, as they don’t have their own engine and transmission to cover.
RV Insurance Exclusions
Although RV insurance can provide peace of mind in a wide range of situations, certain sources of damage are excluded from most policies. These include:
- Normal wear
- To rot
Depending on where you live and your insurer, your policy may not cover damage caused by floods or earthquakes. Whether you live in your RV full time or only use it for recreation can also be a factor.
Does RV insurance cover water damage?
Comprehensive RV insurance will cover water damage in most cases. However, water damage resulting from any of the above exclusions may not be covered.
RV Damage Settlement Options
If you have comprehensive RV insurance and the damage to your motorhome amounts to a total loss, your insurance company will pay you for the loss. However, the amount they pay depends on the type of damage settlement policy you have.
Here are three typical types of appraisal methods for your RV and how they are paid:
- Actual Cash Value: Based on the value of your RV at the time of loss, taking into account depreciation and market conditions
- Agreed value: Based on an amount you and your insurer agree on at the start of your policy
- Total loss replacement: Sometimes available as optional coverage, this reimburses the cost of replacing your RV based on the same make, model and model year