Are you thinking about getting insurance for your Ohio RV and wondering why the rates are so high? The cost for any RV insurance policy is always high in comparison to home or motorcycle insurance. Remember that camper insurance has to have coverages that belong to home insurance and car insurance, making it expensive. Here are some key factors which play a role in camper insurance rates.
Condition and Type
You have to drive a motorhome to use it. For this reason, motorhomes require liability insurance, unlike travel trailers pulled by a car or other vehicle. Furthermore, motorhomes are more expensive to replace. Therefore, the insurance for motorhomes is higher than most trailers. Even in motorhomes, there are classifications in terms of size. The class A motorhome is the most prominent kind of RV. Hence the camper insurance for it is more than a small class B camper van or class C motorhome. Age of the vehicle also plays a vital role as a new Ohio RV’s insurance is anyway more expensive than a simple old traveler due to its comparative resale price.
If your RV is your primary residence, you need to include coverages like homeowners policy to protect you from any loss, theft, or mishap. Ensure to tell your insurer how often you use your RV yearly, and they might increase your policy’s premium in accordance with that.
Same as car or motorcycle insurance, camper insurance rates differ depending on your region. For instance, as the population increases, the risk of accidents increases, hence more the camper insurance cost. The insurance rate also depends on the weather and the crime rate of the area you currently live.
Owner’s History & Experience
Handling a motorhome is not the same as driving a car or motorcycle. Most RV insurance companies will look at your driving behavior, claim history, and the price of your Ohio RV policy. A clean report will help you get a more competitive price. If you have too many claims or are the culprit in numerous accidents, you will generally have to pay more. Even your driving experience is kept into consideration. A veteran who knows how to operate an RV eventually will have to pay less than inexperienced drivers.
Depending on the cover you choose, prices will change. For example, if you are financing your motorhome, you will need collision and comprehensive coverage to protect your motorhome. Even if you do not invest, add additional coverage such as holiday liability. These conditions increase the price of your motorhome insurance.
These are some of the factors which play a vital role in affecting your camper insurance’s price. Consult with Oyer Insurance Agency before taking any camper insurance. Oyer Insurance Agency will help you get a clear view of what coverages you should opt for. The experts compare all the available policies from various companies and provide you with the best-suited coverage and price.