The type of recreational vehicle (RV) you own affects your insurance rates, among other factors. When getting insurance for your RV, it’s important to consider the make and model of your vehicle, along with its specific features, as these define how much you may pay for monthly premiums.
The Make and Model of the RV
The make of your vehicle refers to the company or brand that manufactured it. Examples include American Coach, Airstream, Fleetwood, Nexus, and Winnebago.
The model of your vehicle, on the other hand, is the specific product line that the manufacturer sells. For example, in the case of an American Coach Eagle, the make is American Coach and the model is an Eagle.
How the Type of RV You Own Affects Your Insurance Rates
The type of RV you own affects your insurance rates because it determines some factors that will impact the risk factor of your vehicle. These include:
Age of the Vehicle
Even if you and another driver have the same vehicle make and model, you likely won’t pay the same premiums as one other. Typically, having a newer RV means having to pay higher fees.
This is because newer vehicles will have higher replacement costs, posing more of a risk for an insurance company. Additionally, newer RVs usually have more complex features, which can drive up repair costs.
Size and Class of the RV
The bigger the RV, the more expensive the insurance rates that come with it. This is because larger and heavier vehicles, such as class A motorhomes, can cause more damage on the road. Conversely, however, these vehicles often offer better crash protection, which could mean reduced medical costs in an accident claim. Smaller RVs, like class B or C vans, are generally more low-risk towards other vehicles when driven, resulting in cheaper premiums.
Type of RV
Motorhomes can be more costly to insure than other types of RVs. These are because they’re driven, unlike, for example, travel trailers that are pulled by another vehicle.
Customization
While features such as leather interiors, sound systems and internet connectivity can make driving more convenient, they can increase the replacement or repair costs of a vehicle, hiking up insurance costs. Base models with minimal additional features may be cheaper to insure.
Safety Features
RVs with certain safety features that reduce the risk of accidents and may better protect passengers often come with lower premiums.
Cost of Repairs
The type of RV you own will define the cost of repairs. Generally, domestic vehicles will be cheaper to fix and maintain than foreign RVs because parts will be more accessible and affordable. State-of-the-art RVs, on the other hand, will be more expensive to fix and will typically have higher premiums.
Get the Right Quote
To ensure that you’re maximizing your insurance, get a quote from a trusted insurance provider.
