From metropolitan parks nestled in downtown Vegas to desert oases near lakes Mohave and Mead, Nevada offers a variety of vacation destinations to the RV enthusiast. Whether you pack up the family and hit the road in your RV every weekend or simply a few times a year, finding the right RV insurance policy is a must. Before you search for RV or motorhome insurance quotes, however, there are a few factors to consider.
RV Facts and Statistics
- U.S. ownership of RVs has reached record levels, according to a 2011 University of Michigan study commissioned by the Recreation Vehicle Industry Association. Approximately 8.9 million households own an RV.
- Today’s typical RV owner is 48 years old, married, with an annual household income of $62,000 – higher than the median for all households, according to the Michigan study. RV owners are likely to own their homes and spend disposable income on traveling an average of three weeks annually, RVIA research shows.
- A leading force behind RV ownership’s upswing is the enormous baby boomer generation, supported by strong ownership gains among both younger and older buyers. In fact, high RV ownership rates now extend across a 40-year span from ages 35 to 75, the Michigan study found.
- Those aged 35 to 54 now own more RVs than any other group, according to the University of Michigan study.
- More than 11% of U.S. households headed by 35- to 54-year-olds own an RV, exceeding the 9.3% ownership rates of those 55 and over. The 35-to-54 age group posted the largest gains in the 2011 Michigan survey.
Why Is RV Insurance Important?
Part of the joy of owning an RV is being able to experience the adventures of the road – never knowing just what may be in store for you or driving until the road ends, without missing the comforts of home. The unknowns can also cause unexpected expenses. When vacation dreams turn to nightmares, you want the protection of an insurance policy that travels with you wherever you may go.
RVs are not simply transportation vehicles. They require protection that a basic liability or collision policy can offer. The last thing you want ruining your vacation is an uncovered injury or incident.
Is RV Insurance Required in Nevada?
If your RV is driven rather than towed behind a vehicle, NV State law requires you to carry the following minimum levels of liability insurance:
- $15,000 for bodily injury or death to one person in any one accident
- $30,000 for bodily injury or death to two or more persons in any one accident
- $10,000 for injury to or destruction of property of others in any one accident
These minimum standards, created 15 to 20 years ago, have not changed since. With medical costs skyrocketing and the price of vehicles on the road considerably higher than they were in the early 1990s, many motorists find the minimum liability coverage to be insufficient.
Also, because RVs also have a touch of homelike qualities, you want an insurance policy that reflects your additional risks of loss.
What Does RV Insurance Cover?
The majority of RV insurance policies will offer the same coverage options you have on your vehicle, including liability, collision and comprehensive. Most Nevada insurance providers also offer the following types of options for RV and motorhome insurance coverage:
- Total loss replacement coverage
- Campsite and vacation coverage
- Emergency expenses
- Towing and roadside coverage
- Full-timer coverage if your RV is your full time residence
- Uninsured and underinsured motorists coverage
A full-timers insurance package will operate much like homeowners insurance for those road warriors who live in their RVs year-round. Coverage can vary significantly from company to company and even from policy to policy.
What Types of RVs Can You Cover?
Unless you built your RV from spare parts found around the garage, chances are you can find an insurance policy to cover it. The most common types of RVs include the following:
- Class A: This class includes models such as the luxury coach, converted bus and motor coach. These vehicles can be up to 75 feet long.
- Class B: This is the smallest class of recreational vehicles. With these vehicles, the RV body does not extend over the cab. They can include cargo van types, travel trailers and camper vans.
- Class C: This group includes vehicles that use a standard cargo van as the driving portion of the RV, and the camper portion extends over the cab area. This class covers fifth wheel vehicles.
What Will RV or Motorhome Insurance Quotes Look Like?
Most Nevada insurance providers take several factors into consideration when they calculate your RV insurance premium quotes, including the following:
- RV Class and its value: Quotes for Class A RVs will be the highest, followed by quotes for Class C RVs. While Class B RV quotes will generally be the lowest.
- Coverage needed: The type of coverage you need, whether campsite, vacation or full-timers coverage, is a factor.
- Driving history: Your driving history and record of accidents or past claims also affect your quotes.
- Policy Limits: This includes the limits you set on your policy, as well as the deductible amounts. For example, your quotes will be lower if you choose high deductibles but your out of pocket costs will be higher in the event that you need to file a claim.
- Additional Coverage: This includes additional riders or added coverage you may want to add such as coverage for your personal belongings and towing and roadside assistance.
Quotes for Class A RVs may be around $2,000 a year or more, while quotes for Class B RVs may fall somewhere between $1,000 and $2,000.
Where To Find RV Insurance in Nevada
Whether you are looking for a new carrier or have recently realized your RV ownership dreams, you know the importance of having the right kind of insurance policy to keep your vacation plans intact. Knowledgeable, independent insurance agents in the Trusted Choice® network can answer any questions you may have, suggest coverage options best suited for you and your RV, and even assist you in filing a claim.
Contact a Trusted Choice member agent near you for help finding the perfect RV insurance policy that meets your needs and budget.