By Mark Polk
RV Education 101
Let’s face it, having the proper type of insurance coverage on your motorhome is extremely important, but it can be a little pricey, too. In this day and age finding ways to lower any of our bills is the smart thing to do.
Let’s explore my top 7 ways to lower your motorhome insurance premium.
1. Many RV insurance companies provide discounts to customers who are members of some type of RV association or club. Discounts vary by insurance company. Call your RV insurance company agent and ask for a listing of associations or clubs you can join to receive a discount. FMCA is a great place to start.
Note: Association discounts also often are given for participants in RV manufacturing associations and clubs.
2. Driver safety courses often qualify an RV owner for discounts with some RV insurance companies. Your insurance agent can tell you what programs qualify for discounts.
Note: Qualified driver safety courses often are offered at large RV rallies such as at FMCA rallies.
3. A clean driving record will reduce your insurance premium. It usually takes three years (36 months) for accidents and moving violations/citations to stop impacting your insurance rates.
4. Another way to reduce your insurance premium is to buy multiple policies from the same insurance company. This is called a multi-policy discount. For example, companies such as National Interstate offer discounts when an individual buys an RV policy and a companion auto policy.
5. Homeowner’s discounts are a common way to lower your insurance premium. Ask your insurance agent for more information.
6. Some insurance companies offer discounts if you pay your premium in full up front.
7. Adding a security device to your RV such as an audible alarm often will qualify for a discount.
As an added note, your credit score can impact your insurance rates heavily, so improving your credit score may improve the premium you pay. Credit usage is not allowed in all states, so it varies by state and carrier. Ask your insurance provider for more information about using credit scores.
Keep in mind that most insurance companies will not stack discounts. Even if you are a member of multiple qualified associations and you have taken a qualified driver safety course, the insurance company most likely will give you one 5 percent discount.
I would like to thank National Interstate Insurance Company for its contributions to this article.
|RV expert Mark Polk owns RV Education 101, a North Carolina-based company that produces and sells educational videos, DVDs and E-books on how to use RVs. Mark has more than 30 years of experience in RV maintenance. He retired from the U.S. Army in 1996 as a Chief Warrant Officer Three, specializing in wheeled and track vehicle fleet maintenance operations. He and his wife, Dawn, started RV Education 101 in 1999. They travel with their two boys in a 35-foot Type A motorhome.