RV Insurance Rates Vary by State
Motorhome insurance varies widely, with prices ranging from a few hundred to several thousand dollars per year. There are a number of factors that affect your RV insurance rates, including your driving history and where you live. Let’s have a look at these variables and the regional differences in motorhome insurance.
Anytime you want an RV insurance quote or more in-depth information, contact an independent Trusted Choice® member agent. The Trusted Choice network has over 22,000 member agencies with 27,000 locations nationwide, so these agents are knowledgeable about their local areas and dedicated to customer service.
Find a member agent in your area today to fully understand the cost of insurance for your recreational vehicle.
Sample Premiums: How Much Does RV Insurance Cost?
- Michigan median annual cost: $4,490
- District of Columbia median annual cost: $2,570
- Oregon median annual cost: $1,108
States with the Highest RV Insurance Rates
Michigan weighs in with the highest RV insurance rates, at a median annual premium of $4,490. Why are the average rates in Michigan so expensive? Because the state has mandatory personal injury protection (PIP) coverage, which results in much higher costs for the insurance companies whenever there is an RV insurance claim. The second highest is Louisiana, with a median annual premium of $2,912.
Your motorhome insurance rate will also depend on state laws, as each state has its own requirements for the type and amount of vehicle insurance. Contact a Trusted Choice member agent to ask about your state’s requirements.
States with the Lowest RV Insurance Rates
The cheapest average rate for motorhome insurance can be found in North Carolina, with a median annual premium of $860. Oregon is second to the lowest for RV insurance rates statewide. This is due to a number of factors including fewer high-cost motorhomes. Oregon is followed by Massachusetts, which is at a median annual premium of $1,128. The insurance market in Massachusetts is very competitive; insurance companies woo consumers with reduced rates.
Factors Affecting Your RV Insurance Rates
In addition to your region, you’ll find that many other factors affect your rates. The following are some of the key variables that will affect your RV insurance cost:
- The type of motorhome you drive: There are so many kinds of motorhomes that it is nearly impossible to get a “typical cost” until the particulars of your RV make and model are known.
- The age and condition of your RV: Even comparing two relatively new RVs of the same make and model, there will be differences in value based on wear and tear.
- Your experience driving an RV: Driving a motorhome is very different from driving a car. RV drivers require a period of adjustment to learn about height restrictions on bridges and in parking garages, checking blind spots, and watching “back swing” when turning corners in tight spaces. The more experience you have as an RV driver, the less risky you are to insure.
- Accidents and traffic violations: Your history as a driver matters. If you have been in several accidents or have a number of traffic tickets, an insurance company will consider you at greater risk for another accident.
- Where you live: If you live an area with higher rates of accidents and thefts, your insurance cost will likely be higher. Areas with mountainous terrain or severe weather conditions, such as thunderstorms and blizzards, typically have more dangerous road conditions.
- Where you will travel: How and where you use your motorhome makes a difference. If you only use it occasionally, you will not face as many risks as full-timer. How far you travel is also important; you will experience more potential hazards spending a month on the road and traveling thousands of miles.
- How much you drive: If you are a full-timer and your motorhome is also your main residence, you will likely have higher insurance costs for two reasons – because you are on the road more, and because the risks of home ownership are associated with your RV instead of a street address.
- How many claims you file: Let’s say you get into a number of scrapes in the process of learning how to navigate turns and lane changes in your new Class A motorhome. If you file a claim against your insurance policy for each one instead of managing some of the costs out of pocket, your insurance costs will rise.
- The type and amount of insurance you buy: Even taking into account all of the factors above, the typical cost you can expect to pay for your motorhome insurance will depend upon what you get and where you set your limits.
When you meet with your agent, you will typically have a number of coverage choices, such as the amount of liability you can carry and how much coverage you want for the personal property contained in your motorhome.
To get an accurate quote that truly reflects the factors that will go into your actual RV insurance rates, find an agent in the Trusted Choice network. Your agent can compare rates from multiple insurance companies to find the best rate for you. Not only will you get a personalized quote, but you can also request all available discounts and get all of your questions answered.
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