Finding the right insurance policy for your RV is essential, particularly because motorhomes are often worth a lot. Not only that, but most states require vehicles like RVs to have insurance coverage by law. Not having driving insurance coverage can land you in hot water when it comes to tickets and fines, as well as the potential impounding of your vehicle or suspension of your driver’s license, but there are many other reasons a person should have basic driver's insurance when they are operating their RV.
There are, however, other types of RV insurance policies that people should consider as well. Motorhomes can be fantastic for vacations, saving a lot of money on hotel costs and the cost of airplane flights. By decreasing vacation expenses; it can not only pay for itself over the long run but can also create a home away from home. While RVs can save people money, it is vital to know the facts surrounding RV ownership. There are additional expenses beyond the cost of the RV, including the need for insurance.
What Is RV Insurance?
RV insurance provides multiple different types of protection to RV owners. Like other types of vehicles, motorhomes are required by law to have liability insurance coverage. People who are financing their motorhomes are likely to have clauses in their financing contracts that require full coverage as well. This not only protects you if you are in an accident of any type, but it also protects the financing company who gave you the loan.
Motorhome insurance policies work in similar ways to a standard car insurance plan. Insurance protects you if you are at fault in an accident that causes bodily injury or property damage. The insurance provider will also pay for damages in the case of uninsured and underinsured motorists colliding with you if you have that coverage type.
Some types of insurance available for motorhomes are not required by law but can be smart to have. These include things like comprehensive insurance coverage, collision insurance coverage, roadside assistance coverage, and others as well. Having the right types of insurance coverage can help you if there is a lawsuit that arises from an accident you are in, if vandalism occurs to your RV, if your RV is stolen or damage due to covered natural causes occurs, or if someone visiting is injured. Make sure to research what is covered by your insurance policies and determine which types you are interested in purchasing.
What Are The Different Types Of Travel Vehicles?
There are multiple different types of travel vehicles, which are generally referred to as Class A, Class B, and Class C. Each of these has different descriptions. Class A travel vehicles can be up to 75 feet in length. Motor coaches and luxury coaches are included in this category, as well as converted buses. These vehicles can weigh anywhere from 20,000 pounds to 40,000 pounds. In many cases, Class A vehicles have sleeping space for up to eight people.
Class B vehicles are the smallest types of motorhomes and travel vehicles. Weighing between 6,000 and 8,000 pounds, these are generally converted cargo vans or conversion vans. In many cases, they will have cooking facilities and other amenities. In most cases, these vehicles are 17 to 19 feet in length and have either raised roofs or lowered floors, sometimes both. Sleeping up to four people, these are often the most popular to have due to the ease of driving them in comparison to larger vehicles.
Class C vehicles are midsized RVs and motorhomes. Generally 20 to 30 feet in length and weighing between 10,000 and 12,000 pounds, this type of vehicle is most often built on a truck and has similar amenities to Class B motorhomes. In many cases, these types of vehicles will sleep around six people.
How Much Does RV Insurance Cost?
People driving RVs are generally required to have insurance, and states have laws in terms of which classes of RV require an insurance policy. If a person is planning on driving a rental RV, they will also need an appropriate insurance policy. RV insurance varies in cost based on the type of motorhome being driven. Depending on the value of the motorhome, insurance for a Class A motorhome can range between $900 to 4,000 per year, sometimes more. Class B motorhomes can cost significantly less in insurance, but again it depends on multiple variables. These motorhomes can range between $500 and $1,000 per year for insurance. These are just estimates, so using the tools at Motor Insurance is the best way to get the insurance quote you are looking for to find the best prices for RV insurance.
When Is RV Insurance A Requirement?
If a person is driving a Class A or Class B motorhome, they will be required to at least have liability insurance coverage. If they have a Class C motorhome that is towable, but not drivable, they might not be required to get an insurance policy for motorhomes specifically. The truck, however, will still need insurance. Insurance may be optional if you live in a state where RV insurance is not required, and if you are not financing your RV. In other cases, you will be required to insure your motorhome.
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