Recreational vehicles insurance, or RV insurance, is coverage for motorhomes. Recreational vehicles can be divided into three categories: Class A, vehicles up to 75 feet long like luxury coaches; Class B, vehicles like camper vans; and Class C, vehicles with a camper portion that extends over the cab portion of the vehicle. The class of the RV is an important factor when determining the insurance rate.
Recreational vehicles insurance covers damage that occurs during a collision. The insurance also provides liability coverage in the event of a personal injury claim made after an accident. Some policies will also provide coverage for equipment or possessions in the RV.
If the RV’s driver is at fault for a collision and the other driver files a claim, the insurance company will cover the claim up to the policy’s limit. If an accident is the fault of a different, uninsured driver, the RV insurance will cover the cost of any damages. If the RV is stolen or damaged, some policies will cover the damage or losses up to the policy’s limit.
The cost of recreational vehicle insurance depends heavily on the vehicle’s model. Class B models typically have the lowest rates, followed by Class C. Insurance rates for Class B and C models are often between $1,000 and $2,000 per year. Class A usually has the highest insurance cost, with rates around $2,000 per year. When determining rates, insurance companies also consider the owner’s driving record and how frequently the RV is used. The more often the RV is in use, the higher the insurance rates will be.
Every state requires RV insurance. Recreational vehicles cost between $30,000 and $200,000, and repairing damage caused to or by the vehicle can be costly. RV insurance can save the driver thousands of dollars in the event of a collision or accident.