With miles of uncrowded roads, majestic scenery, and more than 650 privately-owned RV Parks and public campgrounds, Idaho is an RV owner's paradise. Many of these RV parks are located along rivers, lakes, or golf courses, providing hours of fun for your RV vacation getaway. The last thing you want to worry about while traveling in your RV is what would happen should your RV be damaged. Only a comprehensive RV insurance package will keep those worries at bay.
An independent insurance agent can help you find the right RV insurance for your particular situation. But before you search for RV insurance quotes there are several factors to consider.
RV Owners at a Glance
With the baby boomers poised to retire and many of them not quite ready to sit at home watching birds, RV ownership is growing at breakneck speed.
- Prices for new RVs are typically $5,000-$22,000 for folding camping trailers; $6,000-$55,000 for truck campers; $8,000-$95,000 for conventional travel trailers; $43,000-$200,000 for Type C motorhomes; and $60,000-$500,000 for Type A motorhomes.
- There are more than 12,000 RV-related businesses in the U.S. with combined annual revenues of more than $37.5 billion.
- Approximately 8.9 million U.S. households own an RV.
- Today's typical RV owner is 48 years old, married, with an annual household income of $62,000.
Why Is RV Insurance Important?
Whether you use your RV a few times a year to take the family on vacation or you're a full time road warrior, chances are you have invested a lot of money in your motorhome and its contents.
It is also important because RVs are large vehicles that can cause major injuries and significant damage to other vehicles and property in an accident.
If you buy a new RV costing anywhere from $30,000 to more than $200,000 and haven’t purchased full replacement cost coverage, you can be saddled with significant costs if it is totaled in an accident. If you took out a loan on your RV, the lender may require you to purchase insurance.
Can I Find Insurance for My Particular RV?
Most Idaho insurance providers are no strangers to the number of different RV makes and models on the market and can provide you a quote for your particular flavor of RV. These are the most common types of RVs that you should be able to find coverage for:
- The two main categories of RVs are motorhomes (motorized) and towables (towed behind the family car, van, or pickup).
- Type A motorhomes are generally the largest; Type B motorhomes or van campers are the smallest; and Type C motorhomes generally fall in between.
- Types of towable RVs are folding camping trailers, expandable trailers, truck campers, conventional travel trailers and fifth-wheel travel trailers.
- Sports utility RVs (also sometimes called "toy haulers"), which feature a built-in garage for hauling cycles, ATVs, or sports equipment, are available in both motorhomes and towable RVs.
Am I Required to Carry RV Insurance in Idaho?
Like car insurance, RV insurance is required in Idaho if your RV is motorized and you plan on taking it on the road -- which, after all, is the point. Idaho requires a minimum amount of liability insurance. Collision and comprehensive insurance limits are determined by you, the consumer. Be sure to consider how you will cover your costs if you are in an accident and do not have adequate coverage.
Under the following circumstances, you may experience additional requirements:
- If you rent an RV
- If you live in your RV full time - in this case, you will need full-timers insurance, which has some similarities to homeowners insurance
- If you finance the purchase of an RV; when you borrow money to buy your motorhome, your lender will most likely require you to buy RV coverage before your financing can be approved
What Does RV Insurance Cover?
RV insurance is often a combination of auto and homeowners insurance because most models are a bit of both. The majority of Idaho insurance providers will give you the following options to choose from when you build your RV insurance policy:
- Total loss replacement coverage: provides compensation should your RV be totaled in a collision or severe weather event.
- Campsite and vacation coverage: provides compensation for theft or vandalism and liability protection should you be sued by a guest.
- Towing and roadside coverage: provides assistance in the event your RV breaks down.
- Full-timer coverage: if your RV is your full-time residence, this works much like homeowners insurance.
- Uninsured and underinsured motorists coverage: provides protection should an uninsured motorist cause an accident with your RV.
What Will My RV Insurance Quote Look Like?
The quotes you will receive from Idaho insurance providers on your RV insurance will depend on a number of factors, including:
- The type of RV you own; class A models will yield higher quotes. followed by Class C, while Class B RVs generally have lower quotes
- Whether you use your RV occasionally or if you are living in the RV full time
- Your driving history and record of accidents or past claims
- The limits you set on your policy, as well as the deductible amounts; your quote will be lower if you choose a high deductible, but be careful to choose a deductible you can comfortably afford should you need to file a claim
- The additional passengers or added coverage you want to add, such as coverage for your personal belongings, towing, and roadside assistance coverage
For example, a Class A RV may be quoted at around $2,000 a year or more, while a Class B may fall somewhere between $1,000 and $2,000.
Where Can I Find RV Insurance?
While cruising Idaho's many beautiful places, the only thing you want to worry about is what new adventure awaits you, not whether or not you could afford an accident. Knowledgeable independent insurance agents on the Trusted Choice® network are always here to answer any of your questions, suggest coverage options, and even help you file a claim.
Their years of experience working with Idaho insurance companies enable them to find you a number of quotes from a variety of providers, ensuring you only receive the most comprehensive features at the most competitive rates. Contact a Trusted Choice agent near you to find out how you can travel in your RV with peace of mind.