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Author Topic: Fulltiming insurance costs  (Read 11892 times)

Tom

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Re: Fulltiming insurance costs
« Reply #30 on: July 03, 2011, 12:08:44 PM »
Thanks for that info Mick.

Quote
Another surprise to us Brits was despite them covering  BOTH RV & toad, they would cover the RV for 12 months but only 6 months for the toad.

Yes, I believe that's quite normal, although I've never figured out the rationale. Our RV and cars are insured with the same company (State Farm); The RV coverage is for a year, while the cars are insured for 6 months at a time.

On the two companies/one logo issue, I wonder if it's like the situation we ran into when we first arrived here; Because we didn't have a minimum of one year driving experience in the US, State Farm couldn't insure us, but their State Farm Mutual division could, albeit at a significantly higher premium. Our clean UK driving records didn't count. After a year, they switched us to the "regular" State Farm, and our premiums halved.
« Last Edit: July 03, 2011, 12:20:41 PM by Tom »
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Tom

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Re: Fulltiming insurance costs
« Reply #31 on: July 03, 2011, 12:26:44 PM »
Jeff, apologies for delayed thanks for your input. One question ...

Quote from: Jeff
That in addition to the exposure of living in the RV full time.

Could you please elaborate on that. TIA.
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Ned

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Re: Fulltiming insurance costs
« Reply #32 on: July 03, 2011, 12:46:48 PM »
We have both our RV and truck insurance through Explorer and both policies are for 1 year.  I believe that's the first company we've insured with that offered a 1 year auto/truck policy.
-- Ned -- Fulltimer 1997-2013
1997 Holiday Rambler Endeavor LE
2007 GMC Canyon

Jeff

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Re: Fulltiming insurance costs
« Reply #33 on: July 03, 2011, 08:55:17 PM »
Mick:

Pretty much all auto insurance is written on a six month form in the US.

mrschwarz

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Re: Fulltiming insurance costs
« Reply #34 on: July 04, 2011, 06:56:17 AM »
I thought the same thing until I changed to Liberty Mutual (homeowner and other discounts, plus a better price). Their policy is for one year.
Michael

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Gary RV_Wizard

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Re: Fulltiming insurance costs
« Reply #35 on: July 04, 2011, 08:55:13 AM »
Policies from The Hartford are also one year, whether car or RV.

It may be contortions in the regulatory system again. Consumer protection regulations have made it increasingly difficult to cancel a policy in mid term, but declining to renew it is an easy out for the companies. Shorter terms are a defensive move by the companies.
Gary
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Alfa38User

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Re: Fulltiming insurance costs
« Reply #36 on: July 04, 2011, 01:59:56 PM »
More fun for them to increase your premium twice a year rather than once. Also, permits them to raise it in smaller increments, thus you may be less likely to jump companies as it would seem more reasonable....

Just food for thought... In Canada, in my experience, most policies are for 1 year although the new trend is monthly payments and auto withdrawals to make it seem painless.
Stu
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"Of course I talk to myself, sometimes I need expert advise!!!"

 

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