Selecting RV insurance is a crucial part of the process of purchasing your new RV. Of course, insuring your recreational vehicle is going to be more expensive than what you’re used to paying for auto insurance, so comparing coverage and rates from several insurance agencies is important. Here is a list of other tips and tricks of RV insurance that you may not be as familiar with.
First and foremost, understand license requirements of the state where your vehicle is registered, as these will determine your insurance needs. If you’re located in Oregon like we are, check the Oregon DMV website. for more information.
Types of RV Insurance
Most insurance agencies have different types of insurance for towable versus coach RVs, so the model you drive will affect your coverage. Also, look for a “full timers” option if you live in your vehicle year round.
What else should you look for in an insurance plan?
Choosing a deductible that you can afford is obviously most important, but you’ll want to make sure your insurance covers everything you’ll need if something with your vehicle goes wrong, such as roadside assistance, fire department expenses and other emergency expenses. Check to see if you’re covered for a rental vehicle, locksmith charges, theft and flood damage, too.
Companion auto coverage could be right for you as well, which covers the vehicle that you use to tow your RV. And, see if you will be covered for damage to permanent attachments to your RV, like the awnings.
Do you plan to spend a lot of time staying at campsites? Check your coverage for campsite liability—in most campsites, the renters are considered liable for whatever happens on the site, such as personal injury.
If you’re purchasing an RV, then chances are you’re an avid traveler, but does your hobby ever lead you out of the country? Confirm whether or not your policy covers you for RVing out of the country, like during a trip to Mexico.
Discounts that may benefit you
One of the most common discounts for RV insurance is from bundling auto and RV insurance together, so it may be useful to look into insuring your RV with the agency that covers your regular automobile, or investigating other options for agencies that could cover both.
Do you only RV during the summer months? Then see if you can suspend some of your coverage while your vehicle is sitting in storage, like collision and liability coverage.
You know that there are plenty of extra discounts offered for your automobile, and RVs are no different. Discounts might be offered for supplemental braking systems, completing a safe driving course, and others. Be sure to ask your insurance agent for all the possible discounts that may apply to you and your RV’s coverage. Although some of these discounts are small, they will certainly add up over time and save you a lot of money in the long run.
Choosing your RV insurance can seem like a grueling task, but exploring all of your options, in terms of agencies and various discounts, is the best way to go. If you have questions about which type of insurance you’ll need, please contact us today.
