RV Insurance Costs in 2023: A Comprehensive Guide

Elizabeth Harper

Wondering how much it costs to insure your RV? You’re not alone. With RVs ranging from budget-friendly campers to million-dollar luxury homes on wheels, insurance costs can vary widely.

This guide aims to provide you with a detailed understanding of RV insurance costs, factors that influence your premiums, and ways to save money. Let’s dive in!

What’s the Average Cost of RV Insurance?

The average annual cost for RV insurance hovers around $1,500, which translates to about $125 per month, according to Progressive, a leading provider in the field. However, this figure is a general estimate and can vary based on a multitude of factors.

Factors That Shape Your RV Insurance Costs

How Does the Type of RV Impact Insurance Costs?

The specific type of RV you own can significantly influence your insurance premiums. For instance, Class A motorhomes are generally more complex and have a higher number of motorized and electrical parts, increasing the likelihood of higher insurance costs.

What’s the Role of Driving History?

Your driving record is a pivotal factor in determining your insurance costs. A clean record can earn you lower premiums, while a history of violations or accidents will likely lead to higher costs.

Does Usage Frequency Matter?

Absolutely, the frequency with which you use your RV has a direct impact on your insurance costs. Full-time RV users often face higher premiums compared to weekend warriors or occasional users.

Is Experience with RV Driving Important?

Yes, insurance companies take into account not just your general driving experience but also your specific experience with RVs. More years behind the wheel of an RV can often lead to more favorable rates.

Can Credit Score Affect Premiums?

In most U.S. states, your credit score can indeed influence your insurance premiums. A higher credit score generally correlates with lower premiums, although some states have restrictions on this.

How Do Deductibles and Coverage Choices Affect Costs?

Your choice of deductible and the level of coverage you opt for can also swing your premiums. A higher deductible usually results in lower premiums but increases your out-of-pocket expenses in the event of a claim.

Does Location Play a Role?

Your geographical location, or where you consider your RV’s “home base,” can also affect your premiums. This is due to varying state regulations and risk factors such as crime rates and weather conditions.

What About Reimbursement Models?

You have options here. Actual cash value coverage is generally more affordable but pays out based on your RV’s value at the time of loss, including depreciation. Agreed value coverage allows you to set a predetermined reimbursement amount with your insurer.

Types of RVs and Associated Costs

What Should I Expect to Pay for Towable RVs?

  • Teardrop Campers: Generally the most affordable, with average insurance costs around $502 per year.
  • Pop-up Campers: These versatile RVs have varying costs based on features.
  • Travel Trailers: These popular RVs come in a wide range of sizes and amenities, affecting insurance costs.
  • Toy Haulers: Designed for adventure enthusiasts, the cost depends on size and features.
  • Fifth-Wheel RVs: These are large and luxurious, making them typically more expensive to insure.

What About Motorhome Insurance Costs?

  • Class A: These luxurious RVs can cost between $1,000 and $1,300 per year to insure.
  • Class B: Smaller and easier to maneuver, insurance costs range between $300 and $1,000 per year.
  • Class C: These family-friendly RVs usually cost between $600 and $1,000 per year to insure.

Coverage Options and Add-Ons

  • Standard Coverage: This includes essential coverages like bodily injury liability, property damage liability, collision, and comprehensive coverage.
  • Optional Add-Ons: These can range from rental reimbursement to full-timer liability and even international coverage for those adventurous souls.

Tips for Saving on RV Insurance

  • Membership Discounts: Being part of RV associations or clubs can earn you discounts.
  • Military Discounts: These are available for active-duty service members and veterans.
  • Bundle and Save: Combining your RV policy with other insurance policies like home or auto can result in savings.
  • Safety Courses: Completing an approved RV safety course can also lower your premiums.


Armed with this comprehensive guide, you’re now well-equipped to make informed decisions about your RV insurance. From understanding the factors that influence costs to knowing how to save, you’re on the right track to finding a policy that fits both your needs and budget. Happy travels!

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