How Much Does Travel Trailer Insurance Cost?
Just like your car insurance, a travel trailer insurance policy will protect your travel trailer in case of an accident and give you that peace of mind while on the road.
The cost of a travel trailer insurance policy will depend on the amount of coverage required, the insurance company, the value and the type of trailer you are insuring.
How much does travel trailer insurance cost?
On average, the costs to insure a travel trailer are about $150 to $800 per year with most of the major insurance companies we researched. The costs will greatly depend on the age of the trailer, the make/model, dimensions, condition, drivers, limits on the policy, the deductible you choose and if you add any additional insurance options such as roadside assistance. The costs can also be affected if you were to use your travel trailer full time or for commercial purposes.
Living in a travel trailer, however, is a different story as the premiums, from what we researched, were as much as $1,600 to $3,200+ per year.
We researched some quotes online and included the findings in our table below:
| Type of Travel Trailer | Geographical Location | Premium (annually) |
|---|---|---|
| 17' | Washington | $240 |
| 17' | Nebraska | $120 |
| 19' | Michigan | $320 |
| 24' | Virginia | $125 |
| 24' | Oregon | $400 |
| 25' | Washington | $410 |
| 27' | Kentucky | $600 |
| 27' | North Carolina | $320 |
| 28' | Oregon | $480 |
| 28' | Texas | $582 |
| 28' | New York | $550 |
| 30' | Missouri | $175 |
| 30' | Florida | $290 |
| 31' | Montana | $99 |
| 32' | North Carolina | $711 |
| 32' w/ full coverage | Utah | $250 |
| 34' | Idaho | $800 |
| 34' | Washington | $672 |
NOTE: The prices, of course, will vary depending on the coverage, age of the trailer and insurance company. From what we researched, most trailers were younger than 10 years old and were quotes from reputable insurance companies such as Progressive and Good Sam.
According to CamperReport.com, he received two quotes: one from Good Sam, which was $376 per year with a $250/$500 deductible and $289 per year with Progressive. These were quotes for a 2017 Rockwood Mini-Light 2504s.
What are the extra costs?
Roadside assistance often isn’t included in most quotes and can cost up to $25 to $50 per year to add it.
Many insurance companies will often cover up to $1,000 to $5,000 in personal items in case of a loss; however, if you were to require additional coverage limits, the premium would increase according to the amount of coverage you needed.
Tips to know
Travel trailer insurance packages vary from one carrier to another, but in essence, it should include the following: total loss replacement; liability coverage in the event someone is injured while using your trailer; collision coverage to pay for damage after an accident; comprehensive coverage for any loss resulting from theft, fire or weather; uninsured and underinsured motorist coverage; coverage for personal possessions; roadside assistance; and emergency expenses.
Water damage, often caused by a leak, usually won’t be caused; however, if the damage was sudden or unexpected, then it may be covered, depending on your policy restrictions.
Your travel trailer, while parked, may or may not be covered, and, again, will depend on your policy restrictions. It’s so important to know your restrictions and limitations in the case of a claim being made in the future.
How can I save money?
All of your major insurance companies, such as State Farm, Geico, Progressive and Good Sam, allow you to receive a quote online. Use these online tools to play around with the coverage to find a rate you’re comfortable with instead of calling over the phone. When you receive a quote via the phone, it’s often hard to know what kind of coverage you’re receiving with the cost.
Paying your premium in full, rather than month to month, can save you up to 20 percent. The same can be said about customers who already have a homeowner or car insurance policy as many companies offer multi-policy discounts.
Esurance recommends canceling your coverage when you store your travel trailer for the year, but this always isn’t a savings approach as lapses in coverage can increase your costs in the future, effectively wiping out any savings.
As with any insurance policy, the higher your deductible is, the more you can often save, but don’t increase your deductible for the sake of savings. Only raise your deductible to something you can afford if you were to make a claim in the future.
Installing anti-theft devices or adding additional safety devices could decrease your premiums.
Depending on your insurance company, some may add a “travel trailer” endorsement to your current policy for a relatively low cost.
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Average Reported Cost: $287.5
How much did you spend?
- A (Aberdeen, Washington) paid $400 and said:
2015 27′ travel trailer
Was it worth it? Yes
- r2 (Caldwell, Idaho) paid $175 and said:
2017 Keystone Passport Elite 31RE
Was it worth it? Yes
