Why is Motorhome insurance so expensive

[marky7seven]

Hello, I've never insured a Motorhome before, so looking to take out my first policy on a £95,000 Carthago and the cost is coming in at £1275. Is this about right or is this expensive.

I don't have any NCD for motorhomes, but have 3 other cars all with 15 years plus, I have no accidents or driving convictions. If that is the going rate, then that is fine. Please quote was from Adrian Flux.

Thank you
Mark

 

[Northernraider]

First things first , I wouldn't insure with Adrian flux unless I'd explored every other option first. They aren't good .

I've been with safeguard for 6 years they're very good.

The quote sounds expensive but I pay £550 for a 25 year old van that's worth £80k less than yours and ive 7 years no claims on that policy so looking at it that way it's not bad

 

[Spriddler]

You had an expensive 1st house, mine was £1200 !

North Rd. Portslade, West of Brighton, in 1970. 2 bed terraced. My salary was £1,200. Mortgage £3,600.
We bought it a couple of months before the wedding. The only thing we had new was our bed, bought by my FIL who wouldn't allow it to be delivered until two days before our wedding.

 

[Howard B]

Not just MH insurance, our house insurance is also up by 30%.

 

[denisejoe]

Car insurance has gone from £426 to £664

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[Scotsblood]

Just seen this reply on another non motorhome forum regarding insurance price increases.
"There's no magic to insurance premium price changes for anything car, house, caravan, boat etc it's entirely data driven. This can impact a single model, an entire range or manufacturer. If a loss claim for, say £85k, is made against a product, say a motorhome, where the average premium is £750 it takes a hell of a lot of those premiums to pay a single claim from the base insurer. If the underwriter reinsures the risk elsewhere to mitigate against that magnitude of claim and the reinsurer sees loads of claims against a particular risk, say Ford based motorhomes with a bad theft history, they will react by higher premiums themselves if the base insurer has a large exposure to that product type, and that will then trickle down to the premium the customer is charged. The repair cost increases also massively impact insurers overall costs and as we all know even our supermarket basket costs have rocketed. Even windscreen costs have shot up with the additional sensors for lights and wipers let alone a coach screen that can come in at more than £10K. Insurance is a numbers game and at present its all increases!"
I did find it interesting the writer specifically mentioned the Ford issue but the point about premium relative to claim cost is very valid for motorhomes.

 

[FrankNicklin]

Just seen this reply on another non motorhome forum regarding insurance price increases.
"There's no magic to insurance premium price changes for anything car, house, caravan, boat etc it's entirely data driven. This can impact a single model, an entire range or manufacturer. If a loss claim for, say £85k, is made against a product, say a motorhome, where the average premium is £750 it takes a hell of a lot of those premiums to pay a single claim from the base insurer. If the underwriter reinsures the risk elsewhere to mitigate against that magnitude of claim and the reinsurer sees loads of claims against a particular risk, say Ford based motorhomes with a bad theft history, they will react by higher premiums themselves if the base insurer has a large exposure to that product type, and that will then trickle down to the premium the customer is charged. The repair cost increases also massively impact insurers overall costs and as we all know even our supermarket basket costs have rocketed. Even windscreen costs have shot up with the additional sensors for lights and wipers let alone a coach screen that can come in at more than £10K. Insurance is a numbers game and at present its all increases!"
I did find it interesting the writer specifically mentioned the Ford issue but the point about premium relative to claim cost is very valid for motorhomes.

The repairs costs, I believe, are somewhere that escalating costs need to be reviewed. I think in most cases people are asked if the repair is an insurance claim or a private repair and the costs adjusted upwards for an insurance claim. The insurance companies generally have a list of approved garages, they should know what the rates are for the garages concerned and the cost of these repairs and not inflated because someone else is paying. At the end of the day we all end up paying. As you say, its a number games, but the numbers associated with the inflated cost of repairs seems to escape most insurance companies.

 

[The Wino]

If you think insurance for a MH is expensive, just had a friend tell me that a friend of his had a new Range Rover on order £150K worth. Just rang his insurance company to get cover ready for collection a week later. Got quoted £38k.

Who would buy a car like that without getting a quote first! Still if you can accept the depreciation I suppose you can accept the insurance.

 

[FrankNicklin]

Who would buy a car like that without getting a quote first! Still if you can accept the depreciation I suppose you can accept the insurance.

Think it fair to say that if you have had one already and you are upgrading then the last thing to considering is the eye-watering increase in insurance premium.

 

[The Wino]

Just seen this reply on another non motorhome forum regarding insurance price increases.
"There's no magic to insurance premium price changes for anything car, house, caravan, boat etc it's entirely data driven. This can impact a single model, an entire range or manufacturer. If a loss claim for, say £85k, is made against a product, say a motorhome, where the average premium is £750 it takes a hell of a lot of those premiums to pay a single claim from the base insurer. If the underwriter reinsures the risk elsewhere to mitigate against that magnitude of claim and the reinsurer sees loads of claims against a particular risk, say Ford based motorhomes with a bad theft history, they will react by higher premiums themselves if the base insurer has a large exposure to that product type, and that will then trickle down to the premium the customer is charged. The repair cost increases also massively impact insurers overall costs and as we all know even our supermarket basket costs have rocketed. Even windscreen costs have shot up with the additional sensors for lights and wipers let alone a coach screen that can come in at more than £10K. Insurance is a numbers game and at present its all increases!"
I did find it interesting the writer specifically mentioned the Ford issue but the point about premium relative to claim cost is very valid for motorhomes.

Interesting because looking at the posts on here I think our premium for a ford based motorhome was no dearer and possibly cheaper than the average. I must say I'm surprised also how cheap A class insurance is given windscreen costs. I suspect that the majority of the premium is actually third party claims

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[PaulyP]

North Rd. Portslade, West of Brighton, in 1970. 2 bed terraced. My salary was £1,200. Mortgage £3,600.
We bought it a couple of months before the wedding. The only thing we had new was our bed, bought by my FIL who wouldn't allow it to be delivered until two days before our wedding.

View attachment 860952

4bed, 3 storey terraced in Salford where I was born also 1970, sold it 2 years later for £2800 prices were just starting to shoot up and luckily we were always just one step ahead, current house on the market at £575 thousand, unbelievable!

 

[bobnick]

4bed, 3 storey terraced in Salford where I was born also 1970, sold it 2 years later for £2800 prices were just starting to shoot up and luckily we were always just one step ahead, current house on the market at £575 thousand, unbelievable!

Our first house was in Blakeley near Heaten Park. A semi with a garage, £6.300. 1973.

 

[Smokaijo]

Try NFU.

I’m was with them for both car and home insurance now only home as car is now Motability and yes I will try them next time round - however very pleased with £670 from Motorhome Direct as we have legal cover , breakdown, and European cover too and that’s good enough.

 

[bobnick]

My VW Caddy renewal quote just came in. From £209 to £260..........................i will let it automatically renew. It's under The Post Office Ins.

 

[BrianS]

Hi I’ve just had a quote from RIPE for insurance £385 I’m with LV at the moment and with 1 fault accidents and full NCB over £600 on 2019 £56000 motorhome

RIPE don't offer protected NCB. I have been around the houses for my renewal and I will probably stay with CAMC.

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[Clive Beeza]

It's the staff in the branch and their knowledge of the products they sell. Like anything people are the key so some branches may be better than others

that's why caravan guard are so good at tailoring a quote to your van
because they really know their subject

 

[Basa]

I’ve got a Scorpion tracker which I purchased from them direct
Including in the price was lifetime warranty and subscription
It was cheaper than buying from a 3rd party Scorpion supplier

 

[Waterford Mike]

Hello, I've never insured a Motorhome before, so looking to take out my first policy on a £95,000 Carthago and the cost is coming in at £1275. Is this about right or is this expensive.

I don't have any NCD for motorhomes, but have 3 other cars all with 15 years plus, I have no accidents or driving convictions. If that is the going rate, then that is fine. Please quote was from Adrian Flux.

Thank you
Mark

Hi Mark, I'm using NFU, always have for my moho's. I currently pay £ 1195 per year on a 2023 Carthago liner for two. NFU also cover my household insurance so I'm pretty sure it reflects on the very competitive quote of the motorhome insurance.

 

[Hymer Tony B]

Hello, I've never insured a Motorhome before, so looking to take out my first policy on a £95,000 Carthago and the cost is coming in at £1275. Is this about right or is this expensive.

I don't have any NCD for motorhomes, but have 3 other cars all with 15 years plus, I have no accidents or driving convictions. If that is the going rate, then that is fine. Please quote was from Adrian Flux.

Thank you
Mark

We have a hymer 522 van, on ford transit chassis, just insured via principle insurance on comparison site for £285. Have truetrack tracker fitted, but no Thatcham alarm, quite a few motorhome insurers will not insure if a Thatcham approved professionally fitted alarm/immobiliser not fitted. Spent 2 days getting quotes some were as high as £1600.

 

[gus-lopez]

North Rd. Portslade, West of Brighton, in 1970. 2 bed terraced. My salary was £1,200. Mortgage £3,600.
We bought it a couple of months before the wedding. The only thing we had new was our bed, bought by my FIL who wouldn't allow it to be delivered until two days before our wedding.

View attachment 860952

probably about 400k now?

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[2bob]

just got my car ins cheaper that last year ye

 

[Spriddler]

probably about 400k now?

More than likely.
Here's one of very many back streets with 2 and 3 bed terraced Victorian cottages in central Brighton. Tiny courtyard at rear. Permit street parking £740,000 - £800,000.
When I was a kid at school you wouldn't admit to living in one of those 'slum' areas or you'd get beaten up by rival gangs.

House Price History

View house price history reproduced using Land Registry and Rightmove data.

www.rightmove.co.uk

 

[VXman]

More than likely.
Here's one of very many back streets with 2 and 3 bed terraced Victorian cottages in central Brighton. Tiny courtyard at rear. Permit street parking £740,000 - £800,000.
When I was a kid at school you wouldn't admit to living in one of those 'slum' areas or you'd get beaten up by rival gangs.

View attachment 863272

House Price History

View house price history reproduced using Land Registry and Rightmove data.

www.rightmove.co.uk

My son recently bought a 2 bed flat in Brighton. 5th floor, (no lift) one reception room consisting of very compact Lounge/Kitchen, 2 bedrooms, one small bathroom. No free parking, Cost £320,000 with the freehold. Has to pay management/maintenance fees on top of that. Its the very top floor in this pic. Brunswick place. Nice spot 5 mins from the sea though.

 

[Wanders from Glos]

Ours is stored at a nearby farm and has a tracker. Insured through CAMC and gone up by 10% to £510. Based on tales of massive hikes I had budgeted for 30-40%. It's not a Carthago, but would probably cost around £65-£70,000 to replace (a guess). It's one of the reasons for staying with CAMC, their sites are expensive but you know what you get. The club is arrogant in its dealings with its 'members', most of the staff seem friendly and they offer good benefits such as CLs and insurance.

 

[catjuggler]

Just tried to get a quote from LV for a new Rapido Dreamer. They said they don't insure Rapidos as they are not on their list of approved Motorhomes. I said to them that Rapido are a very large Motorhome company why was it not on their list? She was a bit "computer says no"
Has anyone else had that from LV?

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[G1969]

Just tried to get a quote from LV for a new Rapido Dreamer. They said they don't insure Rapidos as they are not on their list of approved Motorhomes. I said to them that Rapido are a very large Motorhome company why was it not on their list? She was a bit "computer says no"
Has anyone else had that from LV?

If you put the base vehicle type, and then pick motorcaravan, that then should got to the quotation stage

 

[Scotch mist]

Just insured with lv £414 for £89k motorhome , had to phone them as I couldn’t find my MoHo on their online site , I could only find fiat base vans , I think I was supposed to click converter to show MoHo’s ( so the tele operator told me)

edit , she did also mention motorcaravan but I don't remember seeing it

 

[Tony50]

The only way to check prices and what's included (also the excesses also what windscreen cover you get!) is to do loads of on-line quotes, also mileage makes quite a difference too so don't put it higher than you realistically need.

I have just increased my from 6000 to 8000 miles, with management charges the extra was £45.09, I don't think that is too bad

 

[BOOMEL]

I am about to do a comparison exercise (my premium has gone up £200 with Comfort). In your experience, will they entertian a conversation "I have got a quote cheaper, will you match it". In fairness they have been very good, just unhappy about the increase. BOOMEL

 

[The Wino]

I am about to do a comparison exercise (my premium has gone up £200 with Comfort). In your experience, will they entertian a conversation "I have got a quote cheaper, will you match it". In fairness they have been very good, just unhappy about the increase. BOOMEL

Always worth an ask if they say no you can decide if the difference is enough to want to switch

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[VXman]

Just tried to get a quote from LV for a new Rapido Dreamer. They said they don't insure Rapidos as they are not on their list of approved Motorhomes. I said to them that Rapido are a very large Motorhome company why was it not on their list? She was a bit "computer says no"
Has anyone else had that from LV?

I had the same with a Burstner. Went round the houses a lot with LV that I decided not to bother in the end. If they can't identify a major motorhome manufacturer then I'd worry about them in a claim situation. They don't seem to understand motorhomes.