What kind of insurance do I need to rent an RV?
RV Rental Insurance can range from $15 – $70 per day or per night depending on the type of RV or Trailer, the coverage and the company providing it. Just like car rental insurance, through those places at the airport, you are required to have insurance and it provides liability, collision, and comprehensive coverage. You’ll need it in case you get in a minor or major accident, or the RV gets damaged during your vacation. Many RV Rental Companies provide RV Rental Insurance. Some coverage is better than others and as they say, you get what you pay for.
*There is a HUGE Difference between the coverages listed on a website and the day rate vs the night rate.
Every year there are thousands of Americans who make like Steppinwolf and head out on the highway lookin for adventure in their RVs and Motorhomes. Thanks to Covid, RV travel is becoming one of the most popular ways to vacation. The spring and summer of 2020 has seen an explosion in the RV rental market due to the decline in interest in other vacation options. The genie is out of the bottle and more Americans are reigniting their love of the American countryside and National Parks. Renting an RV is also affordable, convenient, and fun. Not to mention that a lot of the things we like to avoid in a vacation are taken out of the RV Vacation equation.
✅ Waiting in Lines
✅ Lost Luggage
✅ Security Searches
✅ Catching something
✅ Someone Else’s screaming kids
✅ Being on a Tight Schedule
✅ Rude Staff
✅ Sea Sickness / Air Sickness
Think you need to buy an RV? Think again. Who wants to deal with all of the maintenance of owning an RV that you only use a few weeks a year for the occasional vacation; now, RV rental websites like RVnGO make it easy for anyone on any budget to go RVing for a weekend, a week, or even a month. But while RVnGO makes the process of renting an RV is simple, there’s one aspect of it that’s a bit more daunting: RV rental insurance. Let’s face it. Insurance in general is a bit of a mystery. We all need it and don’t want to think about it, let alone talk about it, and we fight against buying it with every ounce of our being. Much like attorneys, we hate it until we need it and sadly, most don’t get the protection they need when they have the opportunity.
So, hopefully, we can help with the decision around RV rental insurance with this guide for those of you who are wondering how to get RV rental insurance.
Is RV Rental Insurance Mandatory?
Naturally, before renting an RV, you need to protect yourself with the most insurance you can afford. Did you know that it’s illegal to rent an RV without insurance?
YES RV insurance is required in every state. All states require a minimum amount of liability insurance; in addition, some require uninsured and underinsured motorists coverage.
But do you really want to go with the cheapest and lowest coverage and be stuck with cut rate insurance and risk having to pay for damages out of your own pocket, all because you wanted to save a few dollars?
RV rental insurance requirements include:
- It’s no different than car insurance. RV rental insurance provides limited liability, collision, and comprehensive coverage. You’ll need it in case you get in a minor accident, or the RV Rental gets damaged during your vacation. You have to purchase this coverage yourself.
- Liability insurance. This covers you if someone gets hurt, or their property gets damaged, and they try to sue you. Usually, the rental company provides this coverage.
You will also want to make sure that you have a Certificate of Insurance.
What should I do when the Guest picks up the RV? How do I check them in and out?
A sample of the certificate will look like this.
Once checked in, we recommend printing the form (just print from your browser) so the Guest can keep a copy in the glove box. It will also be part of the reservation record for both the Host and the Guest if they need to refer to it and a copy will also be sent to both of you.
The ‘rental contract below’ will be the reservation for the rental, which will list among other things the RV description, the dates of rental and the Host or owner of the RV and the Guest (the Driver) and any additional drivers.
When you rent an RV, the company will almost always provide some type of liability coverage. RVnGO provides up to 1 Million dollars in Liability Insurance coverage to protect you against third party claims. It’s automatic on every single transaction. You’ll also get 24/7 roadside assistance in case you break down while you’re on the road.
You have a few options to get RV rental insurance:
• The simplest option is purchasing it through RVnGO when you book your RV Rental.
• Use your own insurance if they offer the option for temporary RV rental insurance rider.
• Purchasing RV renter’s insurance through a third party.
*Note that the RVnGO RV Rental Insurance is the first in place. That means any other insurance is secondary. it is also required to use the RVnGO RV rental insurance.
Getting Insurance Through the RV Rental Company
Some rental companies offer RV insurance as an additional purchase with your rental. You may also see this through Peer 2 Peer websites like RVnGO. On many sites, read the fine print if it even shows the insurance costs breakdown.
As stated above, All transactions processed by RVnGO are covered by the industry leading $1 million liability insurance for both the Host and the Guest with comprehensive coverage for damage to your RV up to $200,000. The Guest pays the nightly insurance fee. On some sites, other policies are usually only $500,000 or just statutory minimum coverage levels for drivers (that’s $20,000 in most states).
Auto Physical Damage Coverage Limits are important and you want to make sure you get enough coverage. For example, RVnGO covers damage to the RV up to $200,000 for all risks (certain exclusions apply), including damage in an accident or from natural disasters or loss due to theft.
Simply going this route can be a convenient option, as the process of going through an RV rental insurance company can be tedious. When shopping RV rentals, be sure to compare the insurance coverages. You don’t want to get stuck in a situation where you’re underinsured! Check the nightly rate for the insurance. And Notice if they company charges a nightly or daily rate. With RVnGO, the nightly insurance fees range from $25 for trailers to $70 for Class A Motorhomes and are paid by the Guest. The nightly rate is less expensive than a daily rate.
Hypothetical illustration for Nightly vs Daily Rates
Example Nightly Rate:
Insurance for a Class A is $70 per night
Greg Picks Up a Class A RV at 11am on March 3rd and Returns it at 11am on March 4th
Greg Pays the $70
Example Daily Rate:
Insurance for a Class A is $70 per day
Greg Picks Up a Class A RV at 11am on March 3rd and Returns it at 11am on March 4th
Greg Pays the $140
Clearly there is a night and day difference.
Deductibles range from $1,500 for Trailers to $3,500 for Class A Motorhomes and are also paid by the Guest. Coverage is automatic for all transactions processed on RVnGO and extend to all RVs in the United States (except New York). This covers travel throughout the United States and Canada for those with valid US or Canadian driver’s licenses. See the RV Rental Price Sheet for RVnGO below. To learn more about insurance for your RV Rental, click here.
What Are RV Rental Insurance Riders?
You can get temporary coverage on your auto plan through an RV rental insurance rider (or binder – same thing). Interestingly though, not all auto insurance providers offer this option, so you’ll have to give them a call to find out. What does it do? They extend your auto insurance to cover the RV while you’re renting it. However, there’s a drawback to this: the limits may not be high enough to cover damage to a drivable RV since RVs are so expensive. Furthermore, it won’t cover non-auto damage (if you break an appliance), and it won’t cover your personal property inside the RV, which that part should come as no surprise. That’s why many people choose to buy insurance from a third party, like MBA insurance, Zenith Insurance or even AAA insurance.
The Cost Of RV Rental Insurance
Just like with car insurance, RV rental insurance costs vary depending on a wide variety of factors as mentioned in the first paragraph of this article. Outside of the prices mentioned above, the RV rental insurance costs depend on:
• What type and size RV you’re renting
• The age of the RV, and whether it has custom or luxury features
• Your driving record
• What limits are required by the state
• What you choose for limits and deductibles
• If you opt for supplemental coverage, like personal belonging protection
Obviously, full coverage for a large Class A RV is always going to cost more than it does for a Class C or a 5th Wheel or trailer. As you also already know, the costs will vary between companies.
Since we are talking about an RV rental here, the most simple choice is to just go through the company you are renting it from, just like when you rent a car at the airport. Getting RV rental insurance is a necessary step in the rental process. Make it easy on yourself.