Call Now 248-466-0200

How to Save Money When Buying Travel Trailer Insurance

August 18, 2022 RV Insurance

Suppose you have a travel trailer, including a camping trailer, boat trailer, utility trailer, or even a horse trailer. In that case, you may need additional insurance to cover your costs if you have an accident or other trailer incident.

Additionally, travel trailer insurance and RV insurance are different policies that cover different vehicles and towing trailers. Read on to find all the information you need about travel trailer insurance coverage .

What Is the Difference Between a Motorhome, Travel Trailer, and RV?

A recreational vehicle (RV) is the umbrella term for campers, motorhomes, live-in travel trailers, and similar vehicles. RV insurance will also usually cover all these vehicles, whether in transit,parked, or stored.

A motorhome is an RV that has its own engine and living space. A travel trailer typically hitches to your usual truck for towing between locations or parking at a campground.

Do I Need Separate Insurance for a Travel Trailer?

Your towed travel trailer likely has insurance coverage through your regular car insurance if your accident occurs with your two-wheeled trailer connected. You will need travel trailer insurance for any towed trailer with more than two wheels.

If you often park or store your travel trailer, consider increasing your travel trailer insurance policy to include comprehensive coverage to protect against damage to permanent fixtures or get a homeowner’s or renter’s policy to protect against theft or break-in.

What Insurance Policy Do I Need for a Recreational Vehicle?

The type of RV insurance coverage you need depends on the type of vehicle, how you use it, and the kinds of accidents or losses you want to cover. Some factors to consider include:

  • Recreational vehicle type: motorhome or travel trailer?
  • Insurance coverage for comprehensive coverage or total loss replacement
  • Full-time or part-time use?
  • Is your travel trailer your primary residence?
  • Personal or commercial use?
  • Initial cost and investments in the travel trailer
  • The number of wheels for a towed trailer

Because RV trailers are multi-purpose vehicles, you may need additional coverage through your insurance company to protect against several possible losses and liabilities, including:

  • Damage to your travel trailer in a car accident
  • Damage to your travel trailer while parked or stored
  • Damage to the contents of your travel trailer in a car accident
  • Damage to the contents of your travel trailer while parked or stored
  • Theft of your travel trailer
  • Theft of the contents of your travel trailer
  • Total loss in a car accident
  • Total loss while parked or stored
  • Bodily injury liability in a car accident
  • Property damage liability in a car accident
  • Personal injury protection for yourself in a car accident
  • Comprehensive and collision insurance coverage
  • Uninsured or underinsured motorist coverage

Your RV or travel trailer insurance agent can help you determine what kind of coverage would work best for your needs and budget.

Tips for Lower Travel Trailer or RV Insurance Rates

You may be able to save on your travel trailer insurance with help from a knowledgeable travel trailer insurance agent. You can also follow some of these tips to reduce your rates.

Research Insurance Rates Before Buying Your Vehicle or Trailer

Typically, the more expensive your travel trailer, the higher your premiums for insurance coverage. If you haven’t bought your RV yet, consider which model could cost more when buying your RV insurance policy.

You will need RV insurance before a dealer allows you to drive a motorhome off the lot. However, if purchasing a towed travel trailer with only two wheels, your car insurance will cover the trailer if you have an accident while taking it home. If the trailer has more than two wheels, you will need to purchase a travel trailer insurance policy.

Compare Minimum Coverage and Full Coverage to Your Budget

You could save by selecting the minimum coverage allowed for your RV. However, the minimum insurance coverage required covers liability insurance for bodily injury and property damage paid to the other party involved in the accident.

If you don’t have enough coverage, you could be responsible for paying for injuries and damages out-of-pocket.

Research Travel Trailer Insurance Discounts

Some discounts that an insurance company might offer can include:

  • Early quote discount
  • Multi-policy bundling discount
  • Original owner discount
  • Pay-in-full discount

Contact Us at Encore Insurance for Travel Trailer Insurance in Michigan

For RV or travel trailer insurance in Michigan, be sure to call our experienced agents at Encore Insurance at 248-466-0190 or contact us online to schedule your free quote appointment.