Motorhomes offer their owners a fantastic amount of freedom – opening up a wealth of travelling opportunities.
However, as any motorhome owner will tell you, they can be expensive both to purchase, and of course maintain. As such, when you are insuring your motorhome – it’s really worth making sure that you are getting appropriate coverage from your policy.
If your motorhome insurance policy is up for renewal you may like to check out our guide – to make sure that you’re getting the best deal for you.
How is my Motorhome Insurance Premium Calculated?
Your Motorhome Insurance premiums are calculated in a very similar fashion to a regular car insurance policy. As such the following key factors are taken into account:
-The age of your motorhome
-The make and model of your motorhome
-The size of the engine
-The annual mileage
-The age and experience of the driver
-The insurance history of the driver (i.e. whether or not the driver has made any claims in the past)
In addition to this, the following factors are also taken into account:
-Where the motorhome will be stored (e.g. parked on the street, in a secure garage etc)
-The Excess you are prepared to pay
-Whether or not your motorhome has an alarm or immobiliser fitted / is electronically tagged
Finally, the amount of cover you will require will also affect the amount you pay for your motorhome insurance premium. Consider the following options:
– Overseas cover
– Breakdown cover (both in the UK and abroad)
– Temporary accommodation (in the event of a breakdown or accident in the UK and abroad)
– Replacement vehicle cover
– Glass / Windscreen replacement
– Legal expenses cover
– Contents insurance (i.e. to cover the possessions which are in your motorhome in the event of theft, fire, flood etc)
If you are looking to save money on your motorhome insurance you might consider one or more of the following:
1. Only pay for the cover you need – it might sound obvious, but if you don’t drive your motor home abroad – make sure you’re not paying for insurance cover to do so
2. Fitting your motorhome with an alarm or immobiliser or having it electronically tagged
3. Some insurers offer discounts for motorhome owners who are members of certain clubs / organisations – this can be as much as 15%
4. Shop around – ideally get at least three quotes from different providers to make sure you get the best deal. – However – buyers beware – not all insurance policies are the same. Make sure that the quotes you get are comparable (i.e. are offering the same level of cover, extras, excess, etc)
5. Consider paying a higher excess – you may find if you increase your excess, the cost of your premium will drop.
Along with motorhome insurance, some of the policies can cover caravans for UK motorhome owners which may have a further bearing on the insurance premium that one may need to pay. As a result, the caravan or motorhome owner may find that particular policy which will save them a considerable amount of money in the short and long run.
There are a number of different providers that are current providing various auto insurance policies for different auto vehicles, however, the savvy caravan owner will choose the policy that is specific to caravan builds and protection. Hence, companies such as lifesure which cater specifically for motorhome and caravan owners.
The motorhome/caravan owner should undertake research when choosing their desired policy.