Cost of RV Insurance: What to Expect (2022)

According to Progressive, one of our recommended RV insurance providers, the average RV policy costs about $1,500 a year, or about $125 a month. However, this average does not necessarily reflect the true range of RV insurance costs.

The campers themselves can range in cost from just a few thousand dollars to over a million. This means that you will see a wide range of insurance costs based on that factor alone.

RV Insurance Cost Factors

Beyond the cost of your RV, several other variables play a role in your premiums. These are the ones that have the biggest impact:

Type of RV

Different types of RVs have different features and amenities that can affect the cost of your coverage. For example, Class A motorhomes are not only generally more expensive than other types of RVs—they also tend to have a greater number of motorized and electrical parts that can cause problems.

Driving history

Whether you tow your RV or drive it, you need to pilot it to get it from place to place. This means that your driving record will be a significant factor in the cost of your cover.

As you might expect, drivers with a clean record will have access to the lowest RV premiums. If you have any at-fault violations or accidents on your records, you can expect to pay more.

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How long you spend in your RV factors into the cost of your premium. Insurance for full-time RVers is usually more expensive than coverage for part-time campers.

RV driving experience

When it comes to your RV insurance premiums, insurance agencies consider not only your experience behind the wheel of a car, but also your experience piloting an RV. That’s because driving a bus or towing a camper is fundamentally different from driving a car. Typically, insurers offer lower rates to drivers who have a history of driving or towing RVs.

Credit score

California, Hawaii, Maryland, Massachusetts, Michigan, Oregon, Utah and Washington all have laws that limit the ability of insurance companies to use your credit score as a factor in your premiums to varying degrees. However, in any other state, your credit score may play a role in what you pay.

As you might expect, people with good credit scores get access to lower rates on RV insurance. Depending on where you live and your insurer, it can have a big impact.

Deductible

As with other forms of insurance, you will have several choices on your RV policy deductible. The lower you set your out-of-pocket costs, the higher you can expect your premiums to be.

location

Where you consider your RV home base contributes to your insurance premium. Insurers adjust rates between states to account for different regulations and risk factors. Rates can also vary within the same state based on variables such as population density and crime rates.

Reimbursement model

Several RV insurance companies offer different loss reimbursement models. Actual cash value coverage, for example, pays only what the RV is worth at the time of loss, including depreciation. This is usually the most affordable option.

Agreed value cover reimburses you based on an amount you have agreed with your insurer at the start of your policy. You may also be able to get total loss replacement coverage, which is paid based on the cost to replace your camper.

coverage

The types of insurance coverage you include in your policy and the coverage limits you set affect your premiums. Generally, the cheapest RV insurance policies are those that meet your state’s minimum insurance requirements. Adding coverage and increasing your limits will make your policy more expensive.

Types of RVs

A big part of the cost of RV insurance is the type of camper you want to insure. Each type of RV has its own unique features, amenities, and price range, all of which contribute to your premium. Most RVs fall into one of two main categories.

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Towable campers require a vehicle to tow them and cannot propel themselves, meaning they have fewer mechanical systems than motorhomes. For this reason, they are usually cheaper to insure on average. On Progressive’s website, for example, the company states that the average cost of its towable RV policy was $502 per year in 2020.

These are the main types of towable campers you can secure:

  • Teardrop Camping: Usually smaller and less expensive RVs, lots can vary in the amenities they offer. Some are little more than a bed that converts into a sitting area, while others may have built-in bathrooms.
  • Pop-up camping: These RVs get their name from their functionality. While packing for easy and aerodynamic towing, they “pop up” to provide the experience of a full-size camper when you reach your destination.
  • Travel trailer: One of the most popular types of RVs, travel trailers range from minimally furnished campers to luxury suites on wheels.
  • Toy carriers: These camps are meant for people who want to include outdoor sports as part of their camping trips. They have plenty of space to store items like surfboards, fishing gear or even a motorcycle or ATV.Fifth wheel RV: Named for their need to be attached to the bed of a truck, fifth wheels are the largest and usually the best trailer.

Autohomes

Motorized RVs are usually more expensive to insure than towable RVs. Progressive says on its website that the average cost of an auto insurance policy was $848 per year in 2020, 69% more expensive than its average towing policy.

Self-propelled RVs usually fall into one of three categories:

  • Class A motorhomes: The largest and usually most luxurious motorhomes, Class A RVs are often built on a bus chassis and can cost more than a million dollars to purchase. According to data from the National Automobile Dealers Association (NADA), average Class A RV insurance policy costs between $1,000 and $1,300 per yearbased on 140 days of use.
  • Class B Motorhome: Usually built on a van chassis, Class B RVs tend to be the smallest of the three classes. These highly maneuverable camper vans have become more popular in recent years. Insurance for a Class B RV usually costs between $300 and $1,000 per year.
  • Class C motorhomes: Larger than a Class B but smaller than a Class A, Class C RVs are a popular choice for families who need more space but still want a vehicle that maneuvers easily. According to NADA data, the average premium for these RVs is between $600 and $1,000 per year.

Types of RV Insurance

The types of coverage and limits you choose for your RV insurance policy are among the main factors that determine your rates. As with me leading car insurance providersmost popular insurers offer standard coverages and add-ons tailored to the needs of RV owners.

Standard RV coverage

The standard types of coverage you’ll find for RV insurance are virtually identical to those offered for car insurance. This includes:

  • Bodily Injury Liability Insurance: Covers medical expenses and lost wages for other injured parties in an accident for which you are at fault.
  • Property damage liability insurance: Covers the cost of damages to other vehicles and personal property resulting from an accident you cause.
  • Collision coverage: Covers damages to your RV regardless of who is at fault in an accident.
  • Comprehensive coverage: Covers damage to your RV from sources other than accidents, such as fire, vandalism or weather.
  • Uninsured Motorist/Uninsured Motorist: Covers your medical expenses and property damage if an at-fault driver does not have enough coverage.
  • Personal Injury Protection (PIP): Covers your and your party’s medical expenses and lost wages if you are injured in an accident, regardless of who is at fault.
  • Medical payment coverage (MedPay): Covers your and your party’s medical bills, but not lost wages if you are injured in an accident, regardless of who is at fault.

Optional RV coverage

Policy add-ons can help you cover some of the other costs associated with RVing. These coverages vary by provider and sometimes by area. The most common additional coverage options for RV insurance include:

  • Reimbursement of rent: Covers the cost of renting a car or, in some cases, an RV if your campsite breaks down.
  • Full time responsibility: Covers damage or injury caused by your RV, similar to a homeowners insurance policy.
  • Towing and work: Covers the cost of on-site repair labor and towing if your RV breaks down.
  • Safety glass: Covers the cost of repairing or replacing your glass, which is usually not included in most standard policies.
  • International coverage: Covers your RV while you’re moving it to another location.
  • Roadside assistance: Covers part or all of the cost of emergency roadside services such as fuel delivery, tire repair and towing.
  • Holiday obligation: Covers liability claims against your RV while it is parked while you are using it on vacation. This type of liability is usually not covered by a standard policy.
  • Pet Injury Coverage: Covers your pet’s medical bills if they are injured in a covered accident.
  • Covering emergency expenses: Covers food, lodging and other travel expenses if your RV breaks down and takes time to repair.
  • Sound system: Covers the audio equipment in your campsite if it is damaged or stolen.

RV Insurance Discounts

Deductibles are also a factor in your camping insurance rates as they lower the cost of coverage. The actual discounts offered vary between companies. They sometimes depend on where you live and what kind of RV you have.

These are some of the most common discounts you’ll find on RV insurance:

  • associations: You may receive a discount from some insurers if you are a member of certain RV or camping organizations.
  • military: Some insurance companies offer discounts to active duty service members, veterans and their families.
  • Multi-policy: You can often get a discount on your RV policy if you combine it with other policies like homeowners insurance, renters insurance or life insurance.
  • Private passenger: Slightly different from a multi-policy discount, some insurers lower your price if you combine your RV policy with your auto policy specifically.
  • with many vehicles: If you insure multiple campers under the same policy, some insurers will give you a discount.
  • Storage: Similar to a deduction for boat insurance, some companies allow you to set a storage period when your RV is not in use. This will lower your overall premium, but your RV will not be covered in most cases during this time.
  • No claims: If you go a long time without filing an insurance claim, some companies offer a discount.
  • Responsible driver: You can get a discount from some insurers if you don’t get into any accidents or have any violations for a certain period of time.
  • Paid in full: Some insurers offer a discount if you pay for your policy in advance rather than in monthly payments.
  • Safety course: Many insurers will lower your premium if you complete an approved RV safety course.

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