If you own a travel trailer, also known as a conventional trailer or camper trailer, you may need travel trailer insurance to protect your investment.
These are expensive trailers that can run anywhere from $8,000 to $30,000, depending on the model and whether you buy it new. Travel trailer insurance policies are fairly affordable and can give you extra peace of mind when you take off for your next trip.
Since the policies and costs vary for this type insurance, it is important to compare rates and work with a knowledgeable agent to find the coverage you need.
An independent agent in our network can do the comparison shopping for you and provide multiple quotes for you to compare. Find a member agent today and get affordable travel trailer insurance quotes that match your needs and budget.
U.S. Statistics for Travel Trailers
As you start to understand more about your insurance needs for your travel trailer, it might be helpful to understand something about the industry. Many Americans purchase travel trailers each year, and there are more on the roads today than you may be aware.
- In 2010, Dun and Bradstreet reported there were 480 companies that manufactured travel trailers and campers in the U.S.
- There were 13,084 people employed in this industry
- U.S. sales in 2010 amounted to $1.7 billion for travel trailers and campers
The popularity and large investment Americans make in travel trailers might cause you to think about protecting your investment with a policy.
Travel trailer insurance will help you recover if there is ever an accident, theft, or other damage to your trailer that could really hurt you financially. Your local, independent insurance agent can help you find an insurance policy that will protect you when the unexpected happens.
Overview Information on Travel Trailers
A travel trailer is a temporary living space that is attached to a trailer and towed behind the primary vehicle, typically an SUV or truck. Travel trailers come in a variety of different models that can be equipped with very basic accommodations or elaborate living quarters.
Some travel trailers are very small and are used only for storage, while others may contain a small sleeping area or include more amenities such as a kitchen area and bathroom facilities.
They can even have laundry appliances. The sleeping capacity of these trailers can also vary considerably. Some travel trailers can be folded or expanded into another level when they are parked.
Does My Auto Insurance Cover My Travel Trailer?
Whether or not you can add your travel trailer to your auto insurance policy varies from one insurance carrier to another. Many auto policies provide some limited coverage or may completely exclude a travel trailer. Some insurance companies require that you add provisions to your existing auto coverage to include a travel trailer.
By purchasing separate conventional trailer insurance, you can rest assured that you will be protected from liability lawsuits and other mishaps. Additionally, this form of insurance will also cover your contents and provide coverage in case you have a mechanical breakdown.
Even if your insurance company will extend auto coverage to a conventional trailer, it is still a good idea to review the benefits of a separate policy. An independent agent is a great place to start to compare policy rates and options of multiple companies that carry travel trailer insurance.
What Travel Trailer Insurance Do I Need?
If you have taken out a loan to buy your camper trailer, make sure that your trailer is properly insured. If an accident leaves you with a total loss, insurance will save you from owing money on a trailer you can no longer use.
You may also want to make sure that you have the following coverage through your auto policy or your separate travel trailer insurance policy:
- Total loss replacement
- Liability coverage in the event that someone is injured or property is damaged while you're using your trailer
- Collision coverage to pay for damage to your trailer after an accident
- Comprehensive coverage to pay for loss or damage resulting from theft, fire or severe weather
- Uninsured and underinsured motorists coverage, if a driver with little or no coverage is at fault in an accident with you
- Coverage for your personal possessions
- Coverage for roadside assistance, breakdowns and towing
- Emergency expense coverage
- Full timers insurance if you plan to live in your trailer extensively throughout the year
- Parked trailer coverage
Travel trailer insurance or camper trailer insurance packages vary from company to company, so be sure you fully understand what is included in your policy and request additional coverage, if needed, to cover your specific risks and concerns.
What if I Use My Travel Trailer for Business?
If the travel trailer insurance policy excludes commercial useage, you will need a separate insurance policy. You can get a commercial travel trailer insurance policy through a member agent in our network who specializes in business coverage.
How Much Does Travel Trailer Insurance Cost?
There are a number of different variables an insurance company will use to determine how much your insurance will cost. Some of these variables include:
- The age of the trailer
- The make and model of the trailer
- The trailer’s dimensions
- The condition of the trailer
- The drivers who are being included in the policy
- The limits you set on the policy
- The deductible you choose
- The type of policy you purchase and/or any additional insurance options you buy separately
The costs can vary depending on your use - your premiums will be lower if you use your trailer part time versus full time (you’ll need to purchase a “full-timers” policy in this case). Premium rates for a travel trailer insurance policy can be as low as around $90 per year to as high as several hundred dollars a year or more.
Are There Ways to Lower My Travel Trailer Insurance Rates?
You can reduce your insurance rates with discounts for such things as:
- Bundling your travel trailer policy with other policies like home or auto
- Being a non-smoker
- Installing additional safety or anti-theft devices
If you work with an independent agent, you can often find additional unadvertised discounts, since these agents can look for various savings offered through their carriers. For example, you may be able to get travel trailer policy discounts based on memberships in certain associations.
Does Travel Trailer Insurance Cover Water Damage?
Water damage can be covered under the comprehensive portion of a travel trailer policy if the damage was “sudden and/or unexpected.” Water damage caused by a leak due to rust or a failed seal is most likely excluded.
Is My Parked Travel Trailer Insured?
Your parked trailer may be covered provided you have purchased a “stationary travel trailer program” along with your standard travel trailer policy. This form of coverage can be especially vital if you leave your trailer parked in a campground or RV site while hiking or bike riding.
How to Get Travel Trailer Insurance Quotes
To get affordable travel trailer insurance quotes, contact an independent agent in our network. One of these local agents can comparison shop for you from multiple insurance companies, provide a number of quotes for you to review, and answer all of your questions.
Find an independent agent today to get the right coverage and protect your investment.