How Much Is Insurance For a Travel Trailer? A Comprehensive Analysis

For a cost-effective way to travel cross-country, consider buying a travel trailer.

It’s like bringing the comforts of home while avoiding hotel stays.

Unlike other RVs, travel trailers are convenient and affordable.

Travel trailer insurance cost
How much is insurance for a travel trailer?: Photo courtesy (Forbes)

If you have a towing-capable vehicle, you can hit the road without extra expenses.

Insurance for a travel trailer is reasonably priced, typically $250-$500 per year, varying based on factors we’ll discuss.

Factors That Affect Travel Trailer Insurance Costs

Factor 1: Your level of coverage

The first thing that will influence your travel trailer insurance cost is your level of coverage.

There are many different personal coverage options available for travel trailer owners. As a general rule of thumb, the more coverages you add, the higher the annual cost of insuring your RV will be.

Liability coverage

The cheapest coverage for your travel trailer is liability insurance.

It pays for damages and injuries if you’re at fault in an accident.

Your auto policy might already cover this for towed items, so check before getting extra coverage.

Comprehensive coverage

Comprehensive coverage insures your travel trailer against damages caused outside of collisions, such as hail, lightning, fallen trees, and flooding, or even theft and vandalism.

Collision coverage

This adds to comprehensive coverage, protecting your RV from collision damage by vehicles or objects, regardless of fault.

Insurance for a travel trailer
Insurance cost for a travel trailer: Photo courtesy (Forbes)

Typically combined, your lender might require both for financed RVs. Costs are much higher than just liability protection.

Medical payments coverage

For accidents, get medical coverage for you and passengers.

It’s for when the trailer is stationary, like at campsites or rented property, as passengers aren’t in it while it’s moving.

Uninsured or underinsured motorist coverage

For collisions with an at-fault driver lacking enough insurance, this policy covers remaining damages and medical expenses.

Roadside assistance

RV insurance’s roadside help covers towing due to road damage or mechanical issues like blown axles.

It can also extend to your towing vehicle, assisting with battery jumps and fuel delivery.

Contents coverage

Coverage pays for repairs or replacements for items damaged, stolen, or vandalized.

Safeguard valuables like a 75-inch TV if taken on the road.

Also read: Does travel insurance cover missed flights?

Factor 2: The value of your RV

The value of your travel trailer is also a large factor in your insurance costs. Do you drive a large, luxury trailer or a small teardrop? The larger and more expensive that your RV is, the more it will be to insure.

Factor 3: Whether you are a full-time or part time RVer

For a trailer as your main home, choose full-time RV insurance. Costs more due to higher use risk.

It covers additional things like loss assessment, temporary housing, adjacent structures, and debris removal, suitable if living in the trailer over six months yearly.

Factor 4: Where you live

Insurance cost for your trailer varies by storage location.

Rates may decrease in monitored private storage, but rise on your property if theft or vandalism is common.

Rates could be higher in flood, wildfire, tornado-prone areas.

Insurance for a travel trailer
Travel trailer: Photo courtesy (

Other factors to note

Similar to car insurance, various personal factors affect insurance rates.

Your driving record influences the cost due to collision history.

Low credit score may lead to higher rates.

A lower deductible increases yearly insurance expenses.

Renting out your travel trailer might result in a premium, but Roamly’s policies permit renting with potential 25% savings.

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