Remember Me
forgot your password?

The 13 Factors that Determine Your RV Insurance Rate

The factors that determine your RV insurance rates often go undisclosed, leaving insurance buyers in the dark and making decisions about prices that don't seem to add up. This article illustrates the key factors that determine your RV insurance rate and offers suggestions for saving as much money as possible when you purchase coverage.

1) Storage Location - by State and by Zip Code
If you store your RV in Florida during hurricane season, there's a higher potential for wind and flood damage than if you store it in Arkansas. In certain states and zip codes, crimes are more likely to occur. Your decision on where to store your RV when it's not in use affects your overall insurance rate. Talk to your RV insurance agent to determine if it could pay you to store it in a zip code - or state - away from your current location. Your RV may need to be registered in the state where you store it though, so be sure to discuss this factor with your agent.

2) Type of Use - Full-Timer vs. Recreational
If you plan to live in your RV full-time, you need an insurance policy that works like a floating home-owners policy that follows you everywhere you go. If you're a weekend warrior, you can get different coverage that won't cost you as much. Be honest when you're signing up for your policy though - saving a little money can end up costing you thousands if your claims adjuster thinks you've fudged the truth during your application.

3) Membership with RV Association
In addition to a number of perks such as reduced rates at RV parks, your membership at the RV association of your choice could earn you a discount on your insurance rates. This is likely something that's mentioned in the brochures or on the website of your selected RV association. Be sure to mention any memberships when you're talking with your RV insurance sales rep.

4) Discount for Multiple Policies with a Company
Mention your current insurance companies when talking with your insurance agent, as you may be eligible for a multiple-policy discount. Be prepared on your call by gathering the names of your current insurance providers beforehand.

5) Deductible Options - a Higher Deductible Equals Lower Rates
This one's obvious, but it's something people often agonize over when they're discussing options with an agent. Make sure you know what your out-of-pocket-expense tolerance is before you start discussing this factor. Knowing what you can afford will save you the agony of having to make a snap decision that could have a big affect on your future financial situation. If you have a small fund set aside and collecting interest for damages, you could well save a little chunk on your insurance costs.

6) Type of Unit
For some insurance companies, a class A motor home is more expensive than a class C to insure. If insurance price is of no concern to you, don't worry about this factor; however, if you're looking to keep your fixed costs as low as possible, you might do some advance research to make sure you're getting the cheapest-to-insure RV possible.

7) Previous RV Ownership
Do you have any previous RV driving experience? Your insurance agent will likely ask you about your past RV driving history, but if not be sure to let them know how long you've been an RVer as you may be eligible for discounts.

8) Age
There are some perks that come with growing older - one of them is lower RV insurance rates. Check with your agent to see if there are any discounts you've earned through the sheer virtue of the duration of your life's experience.

9) Driving History
RV insurance companies look at your driving history in non-RV vehicles. They have to start somewhere. If your record is relatively clear of accidents and claims that were your fault, then you could be looking at a decent-sized discount.

10) Insurance Claims History
If you have a long history of opening insurance accounts and soon after filing a claim, your new RV agency is going to see you as a risk. Your history is likely to be a strong factor in your final insurance rate. Be sure to minimize the number of claims you're making - insurance companies pay an independent agency that tracks an individual's claims and protects them much the way credit ratings protect credit companies.

11) Home Ownership Discounts
Owning a home can affect your RV insurance costs too - it shows insurance companies that you're likely not a full-timer, and displays your level of responsibility. If you're curious about your savings on this, just ask your agent while you're on the phone.

12) Marital Status
Insurance companies believe your marital status affects how safely you drive, and the likelihood that you'll make a claim. You may feel differently when you're lost and arguing with your beloved about missed turns in the middle of a windstorm. Either way, your status does affect your insurance rates.

13) Your Credit Rating
Finally, your RV insurance company believes that the manner in which you treat your credit could be a strong indicator of how you're going to treat your RV. If you've got good credit, you're likely to see a small decrease in your insurance rates. If you're curious about the size of the decrease, be sure to check with your insurance agent.

Thom Kingsley

RV America finds you the lowest rates for your RV insurance by comparing coverage from six major rv insurance companies so contact RV America today by visiting http://www.rv-insurance-coverage.com or calling 1 800-400-0186.

Rate this Article: 5 / 5 stars - 1 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest RVs Articles
  • More from Thom Kingsley

Recreational Vehicle (RV) Solar Panels

By: John Greenspan | 11/11/2009
There are many benefits to install recreational vehicle (RV) solar panels. The most important one is you can go further without having to worry or plan to stop at the next RV Park to charge your batteries. This may be obvious, but when you can't find an RV park to recharge your batteries for the night, you can get pretty frustrated.

Nike sharp Changes-Women's shoes

By: aaryn | 10/11/2009
If you're a Nike fan, you're going to love Nike sharp Changes-Women’s - Nike shoes you can customize and personalize by clicking buttons. Select from the available models;

UGG Knightsbridge- The good helper in any season

By: aaryn | 10/11/2009
UGG Knightsbridge- The good helper in any season

The Variety of different men’s shoes

By: aaryn | 09/11/2009
There are men’s shoes for every occasion. You may spend a few hours on the beach with a pair of flip flops or go to the ranches dressed as a cowboy in jeans and boots. You can even put on lace-ups for the business party. Designer shoes can be motionless. You should only prepare to spare a few dollars to buy. But they are indeed worthy of value.

Athletes' favorite shoes, Nike shoes

By: aaryn | 06/11/2009
What are the athletes' favorite shoes? When it comes to sports apparel, Nike is probably the most well-known all throughout the world. Nike shoes can help the athletes win matches. The reason why sports clothing

Camping With RVs Vs Tents

By: Salem Hassan | 05/11/2009
When you finally decide on going camping, the next step is figuring out what type of camping you would want to do, either camping in a tent or choosing to stay in an RV. It all depends on how you feel, whether you want to rough it on the ground or stay comfortable in an RV. Both choices have their pros and cons.

Ugg Boots are Known as Sheepskin Boots

By: aaryn | 03/11/2009
Ugg Boots are Known as Sheepskin Boots

Good quality ugg boots without having to pay a fortune

By: aaryn | 03/11/2009
Good quality ugg boots without having to pay a fortune

5 Golden Tips for Hassle-Free RV Insurance Claims

By: Thom Kingsley | 16/08/2007 | RVs
In the unfortunate event that you do have to file an RV insurance claim, your life will be easier - and you'll be more likely to receive the full extent of your financial compensation - if you follow these five simple tips for hassle-free claims.

The 13 Factors that Determine Your RV Insurance Rate

By: Thom Kingsley | 15/08/2007 | RVs
The factors that determine your RV insurance rates often go undisclosed, leaving insurance buyers in the dark and making decisions about prices that don't seem to add up. This article illustrates the key factors that determine your RV insurance rate and offers suggestions for saving as much money as possible when you purchase coverage.

10 Easy Steps for Writing 750 Word Articles in Under an Hour

By: Thom Kingsley | 12/07/2007 | Video Conferencing
Article writing for directory submission is a chore, but it's a chore that can bring you great satisfaction (and links) if you get your article writing time down under an hour.

Using JetSpinner and JetSubmitter for Article Marketing Success

By: Thom Kingsley | 10/07/2007 | Non-Fiction
If you're interested in trying out the JetSpinner Article Marketing tool then this article will give you the quick tips you need for getting started - it's a little trickier than you might think!

10 Tips For Your 30 Day Article Marketing Challenge

By: Thom Kingsley | 06/07/2007 | Non-Fiction
Once you've determined the affiliate program you'd like to make money with, registered your domain and built your first blog then you're all set to get started on the 30 day article marketing challenge.

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.93, 6, w1)