Cheap RV Insurance: 7 Secret Hacks

Are you paying too much for RV insurance? How do you know if you are actually getting low-cost RV insurance? One way to know for sure you are getting the best deal is if you are employing the best secret hacks that can deliver a lower premium. If you haven’t implemented these tricks into your insurance policy, then it is likely you aren’t getting the best possible discount. This article will look at the top 7 tricks that can easily save money on your RV insurance policy.

What is Affecting My Insurance Rate?

Do you feel like you aren’t getting cheap RV insurance? Before we examine tricks to help reduce your insurance cost, let’s examine what goes into determining the price you pay for your policy. Typically, an insurer will look at individual factors that include:

  • Where you are located

  • Your previous claim history

  • Past history of driving accidents

  • What coverage are you purchasing

  • What type of RV you have, and how old is it

  • The coverage limits of your policy

  • Your deductible

  • Experience driving an RV

These are some of the major factors that insurers look at when determining the price of your policy. With these factors in mind, we can reverse engineer them to find ways you can influence them to your favor. If you think you have any shortcomings from this list of factors, you will want to do what you can to improve them or mitigate their effects.

Tips For Saving Money on RV Insurance

With those factors in mind, check out these easy tricks you can do to start on your journey to getting more affordable RV insurance.

1. Storing Your Vehicle

A critically overlooked step in getting low-cost RV insurance is storing your vehicle when you are not using it. If you are not a full-time RV user, storing your vehicle allows you to suspend coverage and save on premium costs. Some insurers will make it so you don’t have to pay for insurance on your vehicle when you are not using it. If you only use your vehicle during certain times of the year, you can work out a schedule to pay for coverage only during necessary times. The trick to saving money is to find a safe place to store your RV when not in use for longer periods so you don’t accidentally incur damage to it.

Storing an RV outside can expose it to weather events like floods, fires, or falling debris. If you entrust your vehicle to an RV park or campground, damage may be covered by the owner’s campground insurance if they are found liable. You should find somewhere to store your vehicle without exposure to dangerous risks. You could also cancel your policy or wait to buy insurance until you need it, but that option is only available to some. For example, if you are leasing the RV or are making payments on it, you may be required to have coverage at all times. Look for insurers that offer reduced insurance rates during the off-season. Some insurers may still cover certain types of damage even during reduced coverage periods.

2. Take Advantage of Easy To Earn Discounts

Insurers offer many discounts that only require a small amount of effort to earn. These insurers may offer discounts for installing safety devices on your vehicle to protect against theft. You may also receive a discount for installing a device that monitors your driving habits. Another discount sometimes offered is to become a club member for an insurer. This entitles you to extra discounts and benefits that you don’t get when compared to being a regular policyholder. You may be entitled to travel accident protection or additional roadside assistance coverage. Club memberships are excellent value if you like your insurer and imagine you will stick with them in the future.

3. Bundle Insurance Coverage

Many insurance companies will be more than happy to combine coverage from your multiple policies into one. In exchange for your increased business, they often offer a discount of 10-20% or even more. If you have multiple vehicles that need coverage, it makes solid financial sense to cover them under one policy. Not only do you save more money, but it reduces the time needed to file claims with multiple insurers. 

4. Be Selective With What RVs You Buy

If you want Inexpensive RV insurance, sometimes that starts before you even buy a policy. There are many types of RVs, and each type of RV has many possible models. For example, a Class A motorhome is the largest type of RV, making it the costliest to insure. When buying an RV, you make insurance coverage a consideration for your budget for the vehicle. 

A smaller camper van is easier to find coverage for and will cost less to insure. Sometimes, insurers will not cover older RVs. You should take this into account when buying a used camper. Be sure to check when it was made since, even with full coverage, you will only get an equivalent value for your RV if it gets totaled or stolen.

5. Take Full Advantage of Comparison Shopping

Insurance company quotes can vary widely. For this reason, you should do the extra legwork to find as many quotes as possible to ensure you get the best possible value for your dollar. Some providers, like Good Sam RV Insurance specialize in RV policies and can help you get quotes from highly respected insurance companies.  

Don’t just look at the lowest price and go from there. Sometimes, more expensive policies can compensate for their cost with the additional coverage they provide. Talk to an insurance agent or broker for their perspective on what coverage is worth it for RVs and the best policy options to spend money on. 

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6. Pay For Your Policy UpFront

Some RVs are regarded as recreational vehicles, if you budget and plan correctly, you can cover your RV in one payment in preparation for when you need to use it. Some of the cheapest RV insurance policies can be achieved by paying your entire policy in one payment rather than sticking to a payment schedule. If you are going to use your RV as a place of residence or stay in it full-time, this might be harder for you to do. Still, if you can afford to pay upfront, the savings you receive on your policy is worth it.

7. Enroll in a Safety Course

Another solid way to reduce your premiums is to demonstrate you are a safe driver. One solid step to establish this is to take a safety course to hone your RV driving skills. Many insurers encourage safety courses and offer immediate discounts if you can complete a safety course. Insurers do this because the less risk of accidents occurring, the less likely they will have to pay out benefits. It is a win-win for both of you. You, as the RV owner, will be less likely to get involved in incidents if you and other drivers follow safety procedures. The insurer saves money both by paying out benefits and managing claims.

RV Insurance Saving FAQS

Before you go, we have answered popular questions about saving on RV insurance below.

Will Having a Higher Deductible Lower the Cost of My Policy?

Yes. A higher deductible is one way to lower the price of your premiums. The main downside with a higher deductible is that it puts you at greater risk if you cannot afford it when an incident happens. You may not have the finances to cover such an expensive, unexpected cost.

Does it Matter How Much I Drive My RV?

Many insurers will offer a discount if you can keep your mileage low. Typically, your RV mileage is evaluated on an annual scale. If you drive more in one month, it won’t count against you as long as you keep the annual mileage low.

Can I Negotiate With My Insurer to Get a Lower Costing Policy?

Typically no. Insurers use a complicated formula to determine the cost of your policy based on various factors outside your negotiation. You should instead focus on mitigating these risk factors to reduce your premium naturally.

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