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Do Travel Trailers Need Insurance

As beginners to the lifestyle quickly discover…

Camping has more expenses than might initially meet the eye.

In addition to the camper itself, you’ll need to buy supplies.

A truck to haul your new toy, and in many cases, insurance. 

But before making that investment, it’s a good idea to see how necessary that purchase is

As well as how it might benefit you.

Because a travel trailer doesn’t have a motor of its own, it is not necessary by law to purchase insurance.  However, if your trailer is still under lease, your bank may require you to keep the asset insured.  Regardless of whether or not insurance is needed, many find the benefits worth the cost. 

Are There States That Don’t Require Travel Trailer Insurance?

While no states require travel trailer insurance, nearly every state that requires car insurance extends those laws to RVs as well.

Despite this, every state has different laws, requiring differing levels of coverage for both cars and RVs. 

New Hampshire, for example, doesn’t require drivers to insure their vehicles. 

It simply requires that you pay for all injuries and property damage that result from your driving.  

Another state that doesn’t mandate car insurance is Virginia, where you can pay a five hundred dollar fee as an uninsured driver instead. 

In this instance, you’ll still be required to cover any injuries or property damage as well. 

Regardless of whether or not you choose to buy insurance, you’ll need to have a sturdy savings account ready to pay for any unpredictable accidents. 

Though all other states require insurance, some states are far less strict than others in demanding how much insurance their citizens purchase. 

Before opting for any insurance, be aware of how much your state requires

Reading recommendation: Do RVs Have to Stop at Weigh Stations

How Much Does Travel Trailer Insurance Cost?

The cost of travel trailer insurance can range widely.

It will depend on the value of the trailer and the desired coverage.

Regardless, this insurance is far more affordable than standard car insurance and may cost around two hundred fifty or five hundred dollars per year.

Other factors that can influence the cost of travel trailer insurance include:

  • Age and condition of the trailer
  • Length and width of the trailer
  • How often it’s used
  • Average distance traveled
  • Location
  • The owner’s driving history

In the end, the only accurate way to see how much it would cost to insure your travel trailer is to shop around using information specific to your trailer.

How to Lower Insurance Rates

There’s more than one way to lower the cost of your trailer insurance.

But the best way is to shop around and compare options. 

While it may be tempting to take the easy route and go with whatever company you see first, take the time to compare rates.

It’s also advisable to check out rates online.

By taking more time and keeping a solid record of all information you’ve given a company, you can often find a better rate than you might by calling over the phone.

Another step you can take to lower your trailer insurance is to try combining rates.

Many insurance providers are willing to cut special deals for customers who go through their company for home, auto, trailer, and other policies.

If you’re going to be paying several types of insurance anyway, does it hurt to send that money all to the same place?

As you shop around, see what other deals a provider is willing to cut you.

You might be surprised to find that many companies are eager to go the extra mile for a customer who is brave enough to ask!

Ask about:

  • Responsible driver discounts
  • Lower rates for the original owners of new vehicles
  • Signing bonuses
  • Deals for passing defensive driver’s courses

Even if you’ve had insurance with a single company for a long time, check in periodically to see what discounts they can offer you. 

Likely, the credit rate you originally signed under has changed. 

If you know that your driving record and credit check have both changed, your insurance rate may have as well!

What Does Travel Trailer Insurance Cover?

Coverage varies depending on the company you select and to what extent you choose to cover your trailer. 

Full coverage should include physical damage, protection against thieves, bodily injury, medical payments after an incident, as well as coverage in the event of an accident against an uninsured driver.

Beyond the basics, many companies offer additional benefits as an incentive for insuring your travel trailer beyond simple liability coverage. 

For example, Progressive offers both pest protection and roof protection, which covers general wear and tear in addition to actual accidents.

Depending on your make and model, Geico may offer special windshield coverage and vacation liability. 

The best step you can take in finding the right insurance for you is to look at all your options, prioritize coverage based on what best fits the needs of your travel goals, and take action from there.

Does My Auto Insurance Cover My Travel Trailer?

In many cases, regular auto insurance can be extended to apply to your travel trailer as well.

However, this often only covers accidents to the trailer that occur while in motion, leaving it vulnerable to high-cost damage when parked.

When it comes to insurance, your regular auto insurance policy likely only has one asset in mind: your vehicle.

While your company will likely cover any damage caused by your trailer in the event of a traffic accident, it’s doubtful that they’ll help you beyond this point.

Conclusion

Take a moment to think about how much you’ve invested in your travel trailer: time and money.

Before you take off into the world without the coverage you need…

Imagine what your life would look like if you had to continue making monthly payments on an asset unfortunately destroyed by a traffic accident, storm, or fire.

If this risk is worth the cost it would take to protect your trailer, by all means, go forth and conquer!

If the thought of losing everything you’ve invested makes your stomach turn flips.

Then, it might be time to go price insurance options.