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Too many people don’t bother to review the cost of their motorhome insurance when their existing cover comes up for renewal. Some people may give their renewal documentation a cursory glance and then just file the paperwork.
Well, if you weren’t aware, the cost of car insurance has increased by a huge amount for many people here in the UK over the last year or so. This is borne out by the Confused.com Car Insurance Price Index that is published every quarter. Whilst the report is in respect of car insurance it is quite likely that the cost of insuring a motorhome has also risen in the last 12 months or so.
You can find the report and read it on the above price comparison site’s website but we thought we would highlight some of the data for you below.
For instance, the average car insurance premium in the 4th quarter of last year was £995 per annum. That is only a few pounds short of £1,000 per annum. Did you know that 12 months prior to that the average amount paid for car insurance in the UK was £629 per annum? That is a difference of £366 per annum – a 58% increase.
We suspect that most owners of motorhomes will also possess and be responsible for insuring a family car as well. So, those people could be faced with having to pay considerably more for insuring both types of vehicle when their renewal notices are produced.
You are probably aware that there are several factors that influence how much you will be charged by your motorhome insurer. For example, what make and model of leisure vehicle you own, where you live, how old you are, the value of the vehicle, your estimated annual mileage in the vehicle and who will be driving it to name but a few.
So, when you receive your renewal notice for your motorhome cover, why not get in contact with us as we provide access to a number of specialist insurers, There is no obligation to obtain a comparative quotation. Who knows, we may just be able to save you some money in comparison to the renewal quote from your existing motorhome insurance provider.