who has least expensive RV insurance?

connorjeff · 05-16-2011, 05:15 AM

What do you think are the reasons for low RV insurance? Which one is good according to you?

**Gary RVRoamer** · 05-16-2011, 07:26 AM

There are so many factors in insurance pricing that comparisons are almost meaningless. Insurers use dozens of factors and slice up the population by demographics as well as geographically. A highly rated person in an area with high rates may still pay much more than a person with a poor record in a low risk area. And each company has their own algorithms for assessing the risks, so the same set of factors can produce different results with different insurers. And sometimes a company offers low rates just to gain customers in a given area, or to increase the size of their money pool. These rates are often temporary, leading to a major increases at renewal time.

Some factors are: Driving record, criminal record, age, sex, education level, credit rating, region (sometimes down to zip code granularity), and vehicle type. Anything the actuaries (risk assessment accountants) can relate to accident rates is fair game.

Perry White · 05-16-2011, 07:30 AM

My wife is in the insurance racket and my insurance is exactly the same as my friend in Kentucky, but since I live in Mo mines $1300 more. Same company same coverage It's a racket.

H. Miller · 05-24-2011, 06:00 AM

Quote:

Originally Posted by connorjeff

What do you think are the reasons for low RV insurance?

Low (poor) coverage.......

WheelingIt · 05-24-2011, 06:38 AM

Two words...high deductables. We've always used the highest deductable we can get both for health, RV, etc. Insurance, in my mind, is for catastrophic events. So we'll pay all smaller issues ourselves and have the insurance specifically for the big items.

Camping4fun · 05-25-2011, 06:39 PM

We have Progressive insurance on our 2009 Bounder 35E with a $500.00 deductable and total replacement cost and it's $968.00 a year. Progressive was about half the price of the next closes one.

powerboatr · 05-25-2011, 06:50 PM

zip code (rural)
credit score
driving history
age

place rv is parked most of time (under a steel building roof)

akadeadeye · 05-27-2011, 05:02 PM

Quote:

Originally Posted by Camping4fun

We have Progressive insurance on our 2009 Bounder 35E with a $500.00 deductable and total replacement cost and it's $968.00 a year. Progressive was about half the price of the next closes one.

And for us Progressive was slightly more than double what we got through Farm & City for the same deductible and same coverage. Go figure.

Don

wa8yxm · 05-28-2011, 07:47 AM

There are several factors affecting the cost of RV insurance.

Type of coverage: Full, coverage is more costly than minimum coverage.. Till you poke a hole in it and full coverage pays, or better yet someone else pokes the hole.

Deductable, the higher the deductable the more of that hole you pay for, but the less you pay per month, over a year it can make up a whole lot of hole.

Your driving record: The worse your record, the higher your cost.

Where you live: Some folks live in areas were the insurance company has not paid a claim in the last 10 years so they give those folks a better rate than the folks who live in an area where the insurance last pays claims every 10 days or so.

Progressive and GICO and most of the big advertisers 1: Spend too much of your premium dollar on Television ads and the like....

How do some companies cut the rate.. By investing in fine print of course (There is a joke here but later) They have a bunch of fine print that lists all the things they do NOT cover, exclusions and such, A bit like the Allstate (I think i is) ad where the tree falls on the car... Some companies cover that (Comprehensive) some do not.

I would like to see a law where if the accident involves a DRUNK DRIVER (Or other stoned or under the influence) then the insurance company becomes a "Loan Company" for that driver and he has to pay them back 100%.. If he's at fault that means he pays for all the damage, if he's not at fault (Example: He is stopped at a red light) he only pays whatever the at-fault does not pay.. Might cut down on drunk driving, and sure will 2nd offense.

fxdave · 05-28-2011, 08:06 AM

ive had national rv for yrs now im going to RV Insurance, Motorcycle, Motorhome & insurance for all recreational vehicles | Gilbert RV Insurance they r gonna save me 260 bucks same coverage 540 a yr

fxdave · 05-28-2011, 09:24 AM

im sorry it was explorer rv in s that i had been using

Cat320 · 05-28-2011, 12:32 PM

I have Progressive, but will cancel when it expires. My reasons can be found by googling or binging their chairman...Peter Lewis. I will not give them any more of my money regardless of how inexpensive they are.

C-PHartley · 05-28-2011, 04:23 PM

I use 21st century (a part of Farmers Insurance) for my cars and MH. I shopped geico, Travelers, Good Sam, and a few others. I also couldn't support Progressive, no matter what the price.

fxdave · 05-30-2011, 10:08 AM

Quote:

Originally Posted by C-PHartley

I use 21st century (a part of Farmers Insurance) for my cars and MH. I shopped geico, Travelers, Good Sam, and a few others. I also couldn't support Progressive, no matter what the price.

r these guys good ? whats your rate for like your rv ? im considering giving them a call