Purchasing an RV is not a decision made lightly, it’s an important investment that needs to be carefully thought out.
It’s also an investment that is popular with Canadians since it’s a great way to tour the country and see all its nature and attractions.
While an RV is about summer trips and having fun making memories with families and friends, it’s still a significant responsibility.
Like any other vehicle, even a motorhome or travel trailer is subject to the dangers of being on the road, along with the added dangers of the ‘home’ part on the inside.
That’s why you need to protect yourself with proper RV insurance or travel trailer insurance.
Since many owners are also wary about the added cost that comes with an Alberta RV insurance policy, it will still be significantly less than the amount needed to repair or replace your RV after an accident.
What is the Average Cost of RV Insurance in Alberta?
When it comes to the price of insurance in Alberta, you can’t put an exact number on what a policy could cost since there are many variable factors to put into account.
We can, however, set an estimated range for what an owner could pay for an RV insurance in Alberta which can be anywhere from $400 to $2000 for motorhomes insurance and from $200 to $1500 for travel trailer insurance.
What Determines the Price of RV Insurance in Alberta?
So, what exactly is factored in when an Alberta insurance agent is calculating the price of RV insurance?
First, let’s talk about the factors under your control, which are:
- The amount of coverage you choose and add-ons you include.
- The policy limits.
- The deductible.
Other, more general, factors include:
- The make and model of the RV.
- Driving record.
- Credit history.
- Insurance history.
- The value of the RV.
- How you use the RV – whether it’s a permanent resident or used seasonally.
- If you’re located outside of Canada.
Tips to Save Money on RV Insurance in Alberta
Now that you know about what goes into the calculation of RV insurance prices in Alberta, it’s easy to look for ways to save money on your policy.
For example, since your driving record matters to any insurance company, you can polish up your record with extra driving courses or training certificates.
Another way you can get cheap RV insurance in Alberta is by bundling together more than one insurance policy together from the same provider which would qualify you for a discount.
You can also consider taking steps towards lowering any risk factors in your RV by installing a security system for example or security cameras.
Try looking for companies that offer a program for RV owners called Disappearing Deductible where the amount of deductible you set is reduced when a year passes without any accidents or claims.
Speaking of the deductible, the higher you choose it to be on your insurance policy, the lower the premium you’ll have to pay on a monthly basis. That said, it’s still not wise to raise it too high that once a claim is made, you can’t afford to pay the amount upfront.
How to Get Value for Money with your RV Insurance in Alberta
When you’re spending a monthly payment on insurance for your RV, you want to make sure you’re getting value in return for that money.
This can only be guaranteed when you choose the right insurance provider who gives you value for money with the services they provide.
You want a company that serves all types of RVs and has the option to customize your own insurance policy with the type and amount of coverage that suits your needs.
You should also look for an insurance company in Alberta that has an easy process to apply for an online insurance quote as well as excellent customer service.
In addition, the insurance company you choose should have benefits such as providing several discounts for things like paying in full or bundling policies together.
It’s an added perk if they also offer medical payments, coverage for uninsured or underinsured motorists, and add-on coverage options such as personal contents replacement, emergency expenses coverage, vacation liability, roadside assistance, and more!