Insurance Cost

[Steverino]

Hi all,

Needing a sanity check here:

I just received my first insurance bill for 6 months coverage on our TM. We went with Travelers because they have our home & auto coverage. They want $224 for collision & comprehensive. This seems awfully high to me, but I don't have much to compare it to.

I should note we have good driving records and no loss history.

Anyone think this rate is out of line? Should I be a-shoppin'? I've heard of Good Sam and that they offer coverage. Would we be better with an RV-specific insurance company?

Thanks,

Steve

[RockyMtnRay]

Hi all,

Needing a sanity check here:

I just received my first insurance bill for 6 months coverage on our TM. We went with Travelers because they have our home & auto coverage. They want $224 for collision & comprehensive. This seems awfully high to me, but I don't have much to compare it to.

I should note we have good driving records and no loss history.

Anyone think this rate is out of line? Should I be a-shoppin'? I've heard of Good Sam and that they offer coverage. Would we be better with an RV-specific insurance company?

Thanks,

Steve
I have all my insurance through USAA, good driving record etc., and I'm paying about $95 for 6 months of coverage on an '02 TrailManor 2720SL. IIRC, original insured value in '02 was around $21K and I have comprehensive ($200 deductible) and collision ($500 deductible) on the trailer.

You might do better with Good Sam over the year since I believe they allow you to do seasonal coverage.

[BobRederick]

I got 1 year, $500 deductable from State Farm for $345 on an '04 3326. They have all of my insurance business and I am sure they are giving me a special deal .... yeah, real sure.
Bob

[Paul_Heuvelhorst]

Verify that you are not paying for "duplicate coverage." I have never owned a trailer that cost me more than $150/annually. With $500 deductible, you only need collision coverage. Comprehensive, property & liability, theft, etc. are covered by your auto insurance when you are towing. When it is stored at your home, those coverages should be covered by your home owners policy.

I have been covered by State Farm for more than 18 years, and have had a Coleman tent trailer, a TM 2619 and now a 28' travel trailer covered by them under the above conditions. Don't only shop for insurance, but make sure your agent knows what you are insuring and what insurance you really need.

[Steverino]

As a follow up...

I contacted Good Sam for a rate quote. They want $99 for six months' insurance on our '99 2720. I also had them quote our two vehicles, and the combined TM & vehicles rate resulted in a $73 increase for 6 months, plus better coverage limits.

GMAC (General Motors) is the insurer that writes for Good Sam. I will probably go with this deal, but will be asking them who underwrites for GMAC. Incidentally, GMAC insurance requires that repair shops only use factory parts - no imitations.

This does require a Good Sam membership ($19), but it appears that the club has some worthwhile benefits, too.

Steve