Top 7 Ways to Keep Your RV Insurance Premium Low

Michelle O�Connor

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:

1. 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.

2. 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.)

3. 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. Don�t speed, don�t drive dangerously, and you�ll save money.

4. 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.

5. 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.

6. 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.

7. 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 vandalized.