Today I wanted to talk about saving a little money. When it comes to your RV, one way to save a little money is to look for some discounts on your RV insurance premium. Having the proper type of insurance coverage on your RV is extremely important but it can be a little pricey too, especially when you are not always using your RV. In this day and age finding ways to lower any of our bills is just the smart thing to do. Let’s take a closer look at some simple ways to trim a little off of your RV insurance premium.
■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.
Note: Association discounts are often given for participants in RV manufacturing associations and clubs too.
■Driver safety courses often qualify an RV owner for discounts with some RV insurance companies. Your insurance agent can inform you of what programs qualify for discounts.
Note: Qualified driver safety courses are often offered at large RV rallies such as at FMCA rallies.
■A clean driving record will reduce your insurance premium. It usually takes 3 years (36 months) for accidents and moving violations/citations to stop impacting your insurance rates.
■Another way to reduce your insurance premium is to buy multiple policies from the same insurance company. This is called a multi-policy discount. As an example, companies like National Interstate Insurance Company offer discounts when an individual buys an RV policy and a companion auto policy.
■Homeowner’s discounts are a common way to lower your insurance premium. Ask your insurance agent for more information.
■Some insurance companies offer discounts if you pay your premium in full up front.
■Adding a security device to your RV such as an audible alarm will often qualify for a discount.
As an added note your credit score can heavily impact your insurance rates, so improving your credit score may improve the premium you pay. Credit usage is not allowed in all states, so it varies from state-to-state and carrier-by-carrier. Ask your insurance provider for more information about using credit scores.
Keep in mind that most insurance companies will not stack discounts. As an example, even if you are a member of multiple qualified associations and you have taken a qualified driver safety course, the insurance company will most likely give you one 5% discount.
I would like to thank National Interstate Insurance Company for its contributions to this article.
RV Education 101