7 Ways to Save Money on Your Campervan Insurance
In today’s economy, every campervan owner wants to save a little money. Camper insurance can take a large chunk out of your wallet each month. Breathe a little easier with these 7 ways to save money on your campervan insurance.
One of the easiest ways to save money on your campervan insurance is to stay insured. Even allowing your insurance coverage to lapse by a few days can cause your premiums to rise. You may be put into the ëhigh-risk’ category and have trouble getting decent coverage in the future.
Pay in Full
Most campervan insurance discounts will offer discounts to drivers who pay their entire premium up front, rather than paying month to month. Also, the longer your policy term, the cheaper it will be. If paying your entire yearly bill up front is a financial burden, you can also save money by having your monthly fee automatically deducted from your checking account each month.
Buy Only the Coverage You Need
Most campervan insurance salespeople are pressured to sell the highest level of coverage for your needs. That’s why it’s important to shop around and do some research before buying.
For example, if your van isn’t worth much, you can get away with dropping theft coverage. If your campervan is very old, you may be able to drop the collision coverage. Just be sure if you do, you have money set aside to repair or replace the vehicle yourself.
Take a Driver Training Course
Some companies offer a discount to insured motorists who take a driver training course. You don’t have to have been in an accident or received a speeding ticket to take a training course. However, it’s important to check with your agent before investing money in a course. It’s usually of best benefit to teenagers and drivers over 55.
Install a Vehicle Alarm
A common question on auto insurance quote forms asks if you have an anti-theft device. Having an alarm and immobilizer installed can automatically reduce your payments up to 36%.
If you only drive a couple of miles to work every day, you may be paying too much for auto insurance. Shop around. Most auto insurers will lower your rates up to 10% if you drive less than 5,000 miles per year.
One of the best ways to save money on your auto insurance is to shop around. Rates may vary depending on something as simple as your zip code. Get quotes from at least 5 different companies before making your decision. Once you find a reasonable rate, you can also save more money by ensuring all your vans with one company. Some companies offer a multi-campervan discount that can save hundreds.
Also, combine your homeowners or renters insurance with the same company and save even more!
If you’re in the market for a different van, get a quote for the vehicle you’re thinking of purchasing beforehand. This way, you can get a general idea of how much you can expect to pay. New vans and sports vehicles will cost more to insure than models ten years or older and those designed to just get you from point A to point B.
If you want to save money on your campervan insurance, these 7 tips will help you do just that.