Top 7 Ways to Keep Your RV Insurance Premium Low
You could be writing a substantial check for your
recreational vehicle insurance depending on the RV you drive
and your driving record. Industry experts estimate that
insurance rates have risen 10 percent in the last couple of
years, or an average of about $120 annually per policy.
Since states regulate the insurance companies that do
business within their borders, how much you may be affected
varies by your state.
Methods of lowering your insurance rates:
Return to Recreational Vehicles and RVing
Shopping around: This is the #1
method for saving money on insurance. Many people find it
easy to stay with the same company for years, but fail to
grasp that they have the potential to save hundreds of
dollars each year by comparing quotes from several
companies. You should shop around at least twice a year to
see if you are getting the best deal possible.
Taking preventive measures: Making
less claims on your RV insurance will keep your premiums
down. Your RV emergency toolbox should have an adjustable
wrench, screwdrivers, pliers, jumper cables, and a
flashlight with extra batteries, road flares and duct
tape. Ensure you get a total travel checkup for your RV
including scrutiny of all belts and hoses, headlights,
tires and turn signals before your trip. (Also, if you
travel to Mexico, make sure you get appropriate
RV insurance for Mexico.)
Driving safely: If you maintain a
clean driving record for a number of years it may entitle
you for a price break in your insurance policy. Donít
speed, donít drive dangerously, and youíll save money.
Higher deductibles: Most insurance
companies use deductibles to keep policy costs down.
Deductibles, or excess charges, show what you pay before
your insurance policy kicks in. See how your quotes vary
by requesting quotes with different levels of deductibles.
Most Internet quote forms contain a box where you can
specify different levels of deductibles.
Get multi-policy insurance: If you
have your RV insured with the same company that insures
your home or vehicle, you may qualify for a discount. You
may be able to get
Homeowners RV Insurance Coverage.
Taking a defensive driving course:
A simple 6-hour defensive driving course can save you up
to 10% on your insurance premium. Contact your local
Department of Motor Vehicles for information on taking
this course. You can also take this course by mail, video
or online in some locations.
Take advantage of opportunities for
discounts: You can save by having safety equipment,
antitheft devices, and low annual mileage. You may also
receive discounts on your RV insurance if your
recreational vehicle is equipped with anti-lock brakes,
automatic seatbelts, and airbags. Anti-theft devices such
as alarms and tracking systems may also get you a discount
because they reduce the chances of your RV being stolen or