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RV Tip #8
Top 7 Ways to
Keep Your RV Insurance Premium Low
You
could be writing a substantial check for your
recreational vehicle insurance depending on the RV you
drive and your driving record. Industry experts estimate
that insurance rates have risen 10 percent in the last
couple of years, or an average of about $120 annually
per policy. Since states regulate the insurance
companies that do business within their borders, how
much you may be affected varies by your state.
Methods of lowering your insurance rates:
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Shopping around:
This is the #1 method for saving money on insurance.
Many people find it easy to stay with the same
company for years, but fail to grasp that they have
the potential to save hundreds of dollars each year
by comparing quotes from several companies. You
should shop around at least twice a year to see if
you are getting the best deal possible.
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Taking preventive measures:
Making less claims on your RV insurance will keep
your premiums down. Your RV emergency toolbox should
have an adjustable wrench, screwdrivers, pliers,
jumper cables, and a flashlight with extra
batteries, road flares and duct tape. Ensure you get
a total travel checkup for your RV including
scrutiny of all belts and hoses, headlights, tires
and turn signals before your trip. (Also, if you
travel to Mexico, make sure you get appropriate
RV insurance for Mexico.)
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Driving safely:
If you maintain a clean driving record for a number
of years it may entitle you for a price break in
your insurance policy. Don’t speed, don’t drive
dangerously, and you’ll save money.
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Higher deductibles:
Most insurance companies use deductibles to keep
policy costs down. Deductibles, or excess charges,
show what you pay before your insurance policy kicks
in. See how your quotes vary by requesting quotes
with different levels of deductibles. Most Internet
quote forms contain a box where you can specify
different levels of deductibles.
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Get multi-policy insurance:
If you have your RV insured with the same company
that insures your home or vehicle, you may qualify
for a discount. You may be able to get
Homeowners RV Insurance Coverage.
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Taking a defensive driving course:
A simple 6-hour defensive driving course can save
you up to 10% on your insurance premium. Contact
your local Department of Motor Vehicles for
information on taking this course. You can also take
this course by mail, video or online in some
locations.
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Take advantage of opportunities for discounts:
You can save by having safety equipment, antitheft
devices, and low annual mileage. You may also
receive discounts on your RV insurance if your
recreational vehicle is equipped with anti-lock
brakes, automatic seatbelts, and airbags. Anti-theft
devices such as alarms and tracking systems may also
get you a discount because they reduce the chances
of your RV being stolen or vandalized.
Article by Michelle O’Connor,
How to RV with Pets
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