Caravan insurance costs the average cost?

The average cost of static caravan insurance in 2019 is roughly £150 for a touring caravan that is worth approximately £9,000 and will have an excess of £162. The average cost of a static caravan insurance in 2019 is at £300 that has a value close to £45,000 with an excess of £167. What should be noted is that the more the caravan is worth, the higher the premiums will be for both touring and static caravans. With COVID-19 we are  unlikely to see any increase in costs for caravan insurance in 2020 and possibly cheaper than 2019.

What are the variables in the cost of caravan insurance?

The above quotes are for basic coverage and do not include contents in the caravans. Contents will povide cover or all your gadgets, for example a 12v smart caravan TV. The more coverage you desire, the higher the premiums will be. Items that directly affect the cost of covering your caravan will include the following;

  • The safety features you have in and on your caravan.
  • The location your caravan will be parked so the higher the crime is in that area, the higher to cost of coverage will be.
  • The age, model and manufacturer of your caravan
  • The main purpose you own a caravan and how you use it.
  • For touring caravan owners, the number of years of experience piloting one is a factor.
  • Any claims you have filed in the past in reference to your caravan insurance.
  • The value of the contents in your caravan and if they are covered.

Which type of caravan is considered lower in risk?

Due to the static caravan being stationary, they are considered lower risk by an insurance company. That is the reason for the average cost of covering a static caravan is only double that of a touring caravan but the value of the static caravan is 5 times higher.

What can caravan insurance cover?

There are basic insurance with numerous add-ons that will provide you with a larger security blanket, but also raise your premiums. What can be added includes is financial protection if your caravan is damaged in an accident. There is also protection that can be added if damage is cause by a fire, storm, flood and vandalism. If you have filled your caravan with the latest gadgets, for example a 12V smart carvan TV then you need to cover these under the content policy.

The most common add-on for touring caravans is motorhome breakdown cover, the cost of towing and storing the caravan if it is broken down or involved in an accident.

What type of caravan insurance is required by UK law?

At this time since tow touring caravans are not required to have a separate insurance policy since they are generally covered by the tow vehicles insurance. If the touring caravan is motorized, the third party insurance is required by UK law.

Static caravans are not required to have insurance, but most caravan parks do require some type of protection for you to park your caravan on their property.

The reason for caravan insurance to protect your investment is just in case an accident or damage occurs to it. For most the purchase of a caravan is a major investment. By having the right coverage, your investment is protected. With the average cost of caravan insurance in 2019 being reasonable, you will be protected once the policy is issued at a price you can afford. 

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