Do You Need Insurance for an RV?
Because an RV is a vehicle and may be a temporary or even permanent home, it blends aspects of auto insurance and homeowners insurance policies. Instead of using your current auto or homeowners insurance coverage, you typically need specialized RV insurance that includes the following:
- Collision – If you’re in an accident with another vehicle, collision coverage pays for damage to your RV.
- Bodily injury – If you cause an accident and someone is injured as a result, bodily injury coverage helps pay their medical bills.
- Property damage – This coverage pays for the other person’s vehicle or property if you cause an accident.
- Comprehensive – For damage not caused by an accident, comprehensive coverage pays for repairs to your vehicle after fires, storms, or theft.
In some cases, particularly if you plan on spending a significant amount of time in your RV or making it your full-time residence, you may need additional coverage. Many insurers allow you to customize your policy and add some or all of the following options:
- Towing and roadside assistance – If you need fuel, a tire change, or a tow during your trip, roadside assistance helps you get back on the road.
- Replacement cost – If items are stolen from your RV, this coverage option pays to replace the items that were taken, limiting the need to file a homeowners insurance claim.
- Vacation liability – If you’re using the RV as a temporary residence, vacation liability provides protection if an accident occurs.
Is RV Insurance More Than Car Insurance?
While a custom RV policy usually provides more coverage than you’d get with an auto policy, the cost is similar. How much you’ll pay for RV insurance is dependent on your location, the type of RV you’re insuring, if your RV is for full-time or part-time use, your driving record, and the coverage and option you include in your policy.
Generally, you can expect to pay $500 to $1,000 per year in insurance premiums for Class B motor homes, the smallest and least expensive RVs. Class A motor homes, the largest and most expensive type of RV, will typically cost $1,000 to $4,000 per year to insure.
What Insurance Companies Cover RVs?
Many different companies offer RV insurance, including:
- AllState
- BlueSky
- Country Financial
- Esurance
- Farmers
- Foremost
- GEICO
- Good Sam Insurance Agency
- National General
- National Interstate
- Nationwide
- Progressive
- RV America
- Safeco
- The Hartford
To protect your investment, getting adequate RV insurance is important. Make sure you research the minimum coverage requirements in your state and get multiple quotes from different insurance companies to ensure that you get the best rates on your RV insurance policy.
How We Chose the Best RV Insurance Companies
To choose the seven best RV insurance providers, we researched 15 well-known companies offering RV insurance policies. We evaluated each insurer based on the coverage options it offered, what states it was licensed in, available discounts, its AM Best Rating, and its J.D. Power customer satisfaction study rankings.
