7 Practical Factors: How Much is RV Insurance?

In this day and age, there’s insurance for everything from your car, your house, and even your pets. Here we are talking about insurance for your RV, camper, or motorhome, and answer the question “How much is RV Insurance?”.

As average RV insurance can cost around $1,500 a year; however, many considerations go into calculating premiums and discounts, and your insurance rate could end up greater or less than $1,500.

It only makes sense that you protect your investment, and if you rent an RV it’s highly suggested you have some form of insurance. Nothing puts a damper on an RV road trip like an accident.

Do you need insurance for your RV? yes, in most states, you must carry liability insurance if you’re driving an RV on the road. That goes for a minor accident too, you can rest assured that your recreational vechile is covered financially.

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How Much is RV Insurance?

RV Insurance cost varies across states, based on policy, add-ons, and a bunch of other factors we list below.

For example, across states, Massachusetts around $1,128 per year, and in California, insurance premiums can be $4,000 for a Class A RV.

So, how much is RV insurance? Here are some averages:

RV Insurance Cost Based on Class
Class A RVs are the largest and most expensive recreational vehicles to insure. The average insurance cost ranges from around $1,000 to $4,000 or more per year.
Class C RVs should be a bit cheaper than Class A’s, with an estimated cost of around $800 to $3,000 per year.
Class B RVs will be the least expensive to insure because they are smaller and similar to full-sized van. The estimated cost for insurance on Class B can range anywhere from $500 to $1,000 per year.

When is RV Insurance a Requirement?

An RV insurance policy is a requirement if:

  • If your RV is a Class A or Class B (Liability insurance at least)
  • You’re financing your RV (generally full coverage is required)
  • Or, You’re planning on driving a rental RV
Note: RV insurance is not required if your RV is towable (there are is towable RV insurance though) or you aren't financing your RV (you have any loan) and you live in a state where RV insurance isn’t required by law (visit your state’s Department of Motor Vehicles website)
How Much is RV Insurance?

What Influences The Cost of RV Insurance?

Lets List Out All the Factors

1. The Make, Model, and Year of your RV:

Motorhomes are generally more expensive to insure than travel trailers. Unlike Travel Trailers (TT) that are towable, motorhomes are driven and therefore require liability coverage.

The largest type of RV, like a $150,000 Class A motorhome, typically costs more for RV insurance than the smaller Class C motorhome and Class B camper van.

Still, if you have an older RV that you’ve taken care of over the years, you might pay less than someone with a newer model.

2. The Type of Policy that you are Taking Out

Cost is directly affected by the type of coverage you obtain. What kind of insurance do you need for an RV? The most popular insurance policies for RVs are:

  • Liability Coverage
  • Uninsured and Underinsured Motorists
  • Collision
  • Comprehensive
  • Valuables Coverage
  • Pet Injury
  • Roadside assistance

So, if you were also wondering What Does RV Insurance Cover? these are seven types of policies that are the most common.

3. Where You Live Matters

For starters, insurance requirements are regulated on a state level.

Secondly, If you live in an area with higher rates of crime and theft, your insurance cost will likely be higher.

Thirdly, areas with mountainous terrain or severe weather conditions, such as thunderstorms and blizzards, typically have more dangerous road conditions.

The differences can be pretty drastic, for example, in Michigan RV owners can pay up to $4,490 a year for a Class A RV, but RV owners in North Carolina pay an average of $860 per year.

4. Your Driving Record

You’ll probably get a better rate than someone who has been in a few fender benders. Similar to auto insurance, other cost factors include the driver’s age, gender, and marital status.

5. Your Experience Driving Your Motorhome:

The more experience you have as an RV driver, the less risky you are to insure.

RVs are large and hard to maneuver, insurance companies want to know you can handle your RV safely before they insure you.

6. How Often You Use Your RV

Full-timers often pay more for their insurance policy since their RV is both a vehicle and a full-time home.

7. Where You Store Your RV When It’s Not In Use

Owners who keep their Rig parked in a driveway located in a tornado alley will pay more than if you parked it in a secure storage facility.

How Does RV Insurance Work (Watch Before You Call The Insurance Company)

How Much is Travel Trailer Insurance a Year?

Since travel trailers are towable they’re less costly to insure. If you have an older model, you might get that low price of $125 per year if you use it sparingly. But for newer, more expensive towable RVs, you might pay over $1,000 per year.

Be Insured Folks And Be Safe

These seven factors strongly influence how much is RV insurance policies. It’s best to get insured, If you have a recreational vechile, you are likely required by law to have insurance just like every other moving vehicle on the road.

It’s not cheap, insurance costs are one of the reasons people opt to rent an RV (insurance is still needed with a rental but companies like Outdoorsy add you to their insurance or owners add you to theirs). It’s all to make sure you are safe.

As far as the price, the more your policy covers, the more expensive it is going to be. All other conditions equal, general liability coverage of an RV will be much less costly than full coverage.

Buckle Up!

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