Car Insurance Rates For RV In Colorado

Reader’s Question:

How is insurance for RV different to insurance for passenger cars or SUVs in Boulder, Colorado and how are the premium rates determined?

Tom

Boulder, CO

Insurance companies treat RVs differently than passenger cars or SUVs. As compared to the ordinary coverage minimums applied to passenger cars, the cost of RVs and the possibility for extensive physical damage when an accident happens is high. In addition, since many RVs are driven by people who aren’t used to the extra size and length, insurance companies believe that there is a greater risk for accidents.
RV insurance combines the coverage offered by both auto and homeowner’s policies. This means that coverage for loss due to fire, smoke, theft, vandalism, landslides, hail, windstorms and collision are included. It also normally offers coverage for your personal property, emergency-expense coverage such as lodging and campsite/vacation liability coverage — which protects you if you use your motor home as a residence. It should also provide protection for awnings, satellite dishes and other attached accessories. You can get additional coverage if your RV is used as a semi-permanent residence for most of the year.
As with any standard home or auto policies, RV policies renew each year. Insurance premiums are based on the type, size, and age of your motor home, where you live, how much you drive and your driving record. Also, the premiums are based on your age and gender, address at which the vehicle is principally garaged and your driving record. Many auto insurance companies in Boulder Colorado offer discounts for maintaining a good driving record or owning multiple policies with the same insurer. You have the same option as with other car insurance to reduce your insurance premium by increasing your deductible.