Whether you only use your RV for short trips or live in it full time, it's important to have protection against accidents and all other threats. Without the right coverage, your relaxing vacation could leave you with a hefty loss you have to pay for yourself. However, insuring your RV isn't always cheap. The cost of RV insurance may even seem daunting to some individuals at first.
Fortunately, an independent insurance agent can not only help you get equipped with RV insurance but can also find discounts to make your coverage much more affordable. They'll shop and compare RV insurance quotes from several carriers to get the lowest rates on quality coverage. But first, here's a breakdown of some of the most common RV insurance discounts.
Top 8 RV Insurance Discounts
Most carriers across the country offer many RV insurance discounts. Here are eight of the most common RV insurance discounts you may be eligible to earn.
Defensive Driving Course RV Insurance Discounts
You might be able to save between 5%-20% on your RV insurance by completing a state-approved defensive driving course. These courses teach the following skills:
- How to operate your RV safely
- How to avoid accidents
- How to operate your RV in adverse conditions
- How to protect your vehicle while it's stored
The information taught in defensive driving courses isn't something RV owners automatically learn over time through experience. That's what makes these courses so appealing to insurance companies. Completing a defensive driving course can not only help you save money on your RV coverage but can also help you protect your vehicle and even save lives while operating it.
Bundling Discounts on RV Insurance
If you own a car, a home, and a boat in addition to your RV, you likely have multiple insurance policies. You can save on your RV insurance policy by bundling it with your other coverages through the same insurance carrier.
Try to choose a carrier that offers RV insurance along with homeowners insurance, boat insurance, car insurance, etc., so you can get all your coverage through the same place and earn a discount on each policy. Just bundling two policies together, such as your RV insurance and car insurance, can help you save as much as 5%-25% on your premiums.
Paid-in-Full RV Insurance Discounts
RV owners who opt to pay their entire annual or six-month premium together upfront in one or two lump sums can save a good bit of money on their coverage. Monthly payments not only result in higher costs for RV owners but also create more paperwork for the policyholder and the insurance company alike. That's why paying in full at the beginning of the policy term offers a huge advantage for both parties.
Paying your premium in full upfront can often save you between 5%-15% on your coverage. You'll also get the benefit of knowing your insurance will also be easier to track and manage with one yearly payment. Ask your independent insurance agent to help you find a carrier that offers paid-in-full discounts.
Security Device RV Insurance Discounts
Taking extra steps to protect your RV from theft can also help you save on your coverage premiums. Installing an anti-theft device can not only help you mitigate the risk of your RV ever getting stolen but also lead to your insurance company rewarding you with lower rates. Anti-theft device discounts on RV insurance typically save you 15%-20% on your coverage.
Affiliation Discounts on RV Insurance
If you're a military member or a professional, you might automatically earn an RV insurance discount. Be sure to ask your RV insurance company about discounts that may be available for:
- Active duty and retired military personnel
- Government and federal employees
- Teachers, professors, alma maters, and other educators
- Healthcare professionals
If you fit into one of these categories, talk to your independent insurance agent about possible discounts on your RV insurance. They'll help you scout out discounts that average 15% on your coverage just for being an active service member or other professional.
Safe Driver Discounts on RV Insurance
Protecting yourself and others on the road is a critical practice to reduce the risk of accidents for everyone. That's why insurance companies love to reward RV owners who maintain safe, accident-free driving records. Carriers review your driving history over a few-year span to determine if you qualify for this discount.
Often, you'll need to have maintained a good driving record for at least three to five years to be eligible for these discounts. But you can save up to 30% on your coverage if you qualify. That provides extra incentive to stay safe and accident-free on the road in your RV.
Homeowner Discounts on RV Insurance
Sometimes, you can earn a discount on RV insurance just for being a homeowner. In addition to the bundling discount you can receive from your insurer if you have both home insurance and RV insurance through them, you might be able to earn extra savings because you own a home. Ask your independent insurance agent to check for this additional RV discount for you.
Claim Free Discounts on RV Insurance
If you remain claims-free over the course of several years of being insured, your carrier may start to reward you with an extra RV insurance discount. Many carriers require policyholders to have been claim-free for at least two or three years before offering this discount. Further, sticking with the same RV insurance company for several years can also lead to loyalty discounts from most carriers.
Here's How an Independent Insurance Agent Can Help You Save on RV Insurance
Independent insurance agents have access to multiple RV insurance companies that offer coverage in your area. They know where to find the best coverage and rates. Your agent can also help find and apply all the RV insurance discounts you qualify for to reduce your premiums as much as possible. And down the road, your agent can even file RV insurance claims for you and update your coverage as necessary.
Sources
https://www.progressive.com/rv-trailer/discounts/
