Getting insurance for your travel trailer is usually a good choice–especially if you purchased a new camper. I recently got two quotes on what it would cost to insure my new trailer, so I thought I’d just share the results here so you know what to expect.
- Quote #1 from Good Sam’s Insurance: $376 per year (if I remember right) with a $250/$500 deductible. I didn’t check to see what their replacement plans were. I’m not sure if the trailer wrecks two years from now if they just give the value that the trailer costs that day, or if they give me the money to buy a new one.
- Quote #2 from Progressive (Via USAA): Depending on coverage, Progressive quoted between $179 and $383 per year. The quote that I’m going with is from Progressive and the final cost was $289 per year. I bank with USAA and I LOVE USAA, but they don’t insure trailers so they passed me off to Progressive. I get a slightly deduction in my car and home insurance through USAA if I get the trailer insurance through their third-party provider. So if you have USAA banking, be sure to go through them.
The Trailer I’m Insuring
Just so that you can ballpark your expense for insurance, the trailer I got the quotes from is a 2017 Rockwood Mini-Light 2504s. I paid $24,500 for it out the door (including, tax, title, fees, etc).
How to Save Money on Your Camper Insurance
The best way to save money, I found, is to get your quote for insurance online and NOT on the phone! When you call in to the insurance place to get a quote, they won’t go through all of the options with you so as to make it less complicated. If you get it online, you can customize your quote to just exactly the coverage you need and nothing more.
I got a quote for $450 from Progressive on the phone, but then I went online to look at the coverage and found the insurance for under $285 for the coverages that I needed, and excluding other coverages that I didn’t need.
Factors to Consider in Choosing Insurance
Replacement Cost – You have the choice of getting the full replacement cost, or just the actual value of the trailer. In my opinion, it’s worth paying to get the full replacement cost, so if you wreck your trailer 3 years from now, you get a new trailer instead of the value of your depreciated trailer.
Bodily injury – I found that this was actually very inexpensive to add to my policy to get $500,000 of coverage, so I added it. It was only $1 more to get $500k compared to $250k.
Roadside assistance – This one’s up to you. For me, the quote for roadside assistance was about $25 more per year.
Coverage for personal affects – I think this one is extremely important. Generators are pricey and they get stolen ALL. THE. Time! Get your personal affects covered.
In this article, we made a list of all of the things that travel trailer insurance covers. Be sure to check it out to know exactly what will be covered.
Companies to Consider/Where to Get a Quote
It’s certainly worth checking a few companies to see who gives the best prices for camper insurance. Here are a few links to consider:
- Farmer’s travel trailer insurance
- Progressive travel trailer insurance This is the one I chose.
- Geico travel trailer insurance Not recommended to try online! You go through a million questions on their online page to get a quote, but at the end they don’t give you any prices. They just call you and the salesman will drive you nuts.
- Good Sam RV insurance
My Choice of Insurance
I think I’m going to choose the insurance from Progressive through USAA. I think knowing the company that is providing the insurance for your RV is important and I’ve always had good experiences with USAA so I think they’d work with a company that would take care of me.
Anyway, short post today but I just wanted to put the information out there.