| The factors that determine your RV insurance rates | | | | For some insurance companies, a class A motor |
| often go undisclosed, leaving insurance buyers in the | | | | home is more expensive than a class C to insure. If |
| dark and making decisions about prices that don't | | | | insurance price is of no concern to you, don't worry |
| seem to add up. This article illustrates the key factors | | | | about this factor; however, if you're looking to keep |
| that determine your RV insurance rate and offers | | | | your fixed costs as low as possible, you might do |
| suggestions for saving as much money as possible | | | | some advance research to make sure you're getting |
| when you purchase coverage. | | | | the cheapest-to-insure RV possible. |
| 1) Storage Location - by State and by Zip Code | | | | 7) Previous RV Ownership |
| If you store your RV in Florida during hurricane season, | | | | Do you have any previous RV driving experience? |
| there's a higher potential for wind and flood damage | | | | Your insurance agent will likely ask you about your |
| than if you store it in Arkansas. In certain states and | | | | past RV driving history, but if not be sure to let them |
| zip codes, crimes are more likely to occur. Your | | | | know how long you've been an RVer as you may be |
| decision on where to store your RV when it's not in | | | | eligible for discounts. |
| use affects your overall insurance rate. Talk to your | | | | 8) Age |
| RV insurance agent to determine if it could pay you to | | | | There are some perks that come with growing older - |
| store it in a zip code - or state - away from your | | | | one of them is lower RV insurance rates. Check with |
| current location. Your RV may need to be registered in | | | | your agent to see if there are any discounts you've |
| the state where you store it though, so be sure to | | | | earned through the sheer virtue of the duration of your |
| discuss this factor with your agent. | | | | life's experience. |
| 2) Type of Use - Full-Timer vs. Recreational | | | | 9) Driving History |
| If you plan to live in your RV full-time, you need an | | | | RV insurance companies look at your driving history in |
| insurance policy that works like a floating | | | | non-RV vehicles. They have to start somewhere. If |
| home-owners policy that follows you everywhere you | | | | your record is relatively clear of accidents and claims |
| go. If you're a weekend warrior, you can get different | | | | that were your fault, then you could be looking at a |
| coverage that won't cost you as much. Be honest | | | | decent-sized discount. |
| when you're signing up for your policy though - saving | | | | 10) Insurance Claims History |
| a little money can end up costing you thousands if | | | | If you have a long history of opening insurance |
| your claims adjustor thinks you've fudged the truth | | | | accounts and soon after filing a claim, your new RV |
| during your application. | | | | agency is going to see you as a risk. Your history is |
| 3) Membership with RV Association | | | | likely to be a strong factor in your final insurance rate. |
| In addition to a number of perks such as reduced rates | | | | Be sure to minimize the number of claims you're |
| at RV parks, your membership at the RV association | | | | making - insurance companies pay an independent |
| of your choice could earn you a discount on your | | | | agency that tracks an individual's claims and protects |
| insurance rates. This is likely something that's | | | | them much the way credit ratings protect credit |
| mentioned in the brochures or on the website of your | | | | companies. |
| selected RV association. Be sure to mention any | | | | 11) Home Ownership Discounts |
| memberships when you're talking with your RV | | | | Owning a home can affect your RV insurance costs |
| insurance sales rep. | | | | too - it shows insurance companies that you're likely |
| 4) Discount for Multiple Policies with a Company | | | | not a full-timer, and displays your level of responsibility. |
| Mention your current insurance companies when | | | | If you're curious about your savings on this, just ask |
| talking with your insurance agent, as you may be | | | | your agent while you're on the phone. |
| eligible for a multiple-policy discount. Be prepared on | | | | 12) Marital Status |
| your call by gathering the names of your current | | | | Insurance companies believe your marital status |
| insurance providers beforehand. | | | | affects how safely you drive, and the likelihood that |
| 5) Deductible Options - a Higher Deductible Equals | | | | you'll make a claim. You may feel differently when |
| Lower Rates | | | | you're lost and arguing with your beloved about missed |
| This one's obvious, but it's something people often | | | | turns in the middle of a windstorm. Either way, your |
| agonize over when they're discussing options with an | | | | status does affect your insurance rates. |
| agent. Make sure you know what your | | | | 13) Your Credit Rating |
| out-of-pocket-expense tolerance is before you start | | | | Finally, your RV insurance company believes that the |
| discussing this factor. Knowing what you can afford | | | | manner in which you treat your credit could be a |
| will save you the agony of having to make a snap | | | | strong indicator of how you're going to treat your RV. |
| decision that could have a big affect on your future | | | | If you've got good credit, you're likely to see a small |
| financial situation. If you have a small fund set aside | | | | decrease in your insurance rates. If you're curious |
| and collecting interest for damages, you could well | | | | about the size of the decrease, be sure to check with |
| save a little chunk on your insurance costs. | | | | your insurance agent. |
| 6) Type of Unit | | | | |