Travel Trailer Insurance in Colorado

Using a travel trailer can be risky, and inadequate coverage can lead to financial hardships. Travel trailer insurance in Colorado varies to suit individual needs. Some situations may be covered by auto insurance, but others require extra protection, including liability, property damage, and medical expenses.

Depending on the travel trailer you have, coverage for a recreational vehicle may become necessary. There are a lot of different types of travel trailers that can range from the uses of camping to transporting livestock on the highway.

How you protect yourself is going to be different than anyone else as everyone has different risk tolerance and needs. You’re also going to need to compare your options among carriers to ensure you’re not only covered but are getting your policy for the lowest premium possible.

Below, we’re not just breaking down travel trailer insurance requirements Colorado drivers should know, but also how to identify the right protections, and save on coverage at the same time.

 

The Cost of Travel Trailer Insurance in Colorado

Travel trailer insurance in Colorado is cost-effective but varies based on factors like coverage amount, trailer age, size, usage, driving record, and more.

These factors determine your specific insurance cost, making it essential to shop around. Insurance companies use their unique methods and algorithms to calculate rates, leading to variations in premiums for the same coverage level across different brands.

Comparing your options is crucial in finding the most suitable and affordable protection for your travel trailer. It’s the only way to be sure that you are receiving the coverage you need and doing so without overpaying for protection.

For example, if you were to shop and find the same exact coverage at two different brands but compare the premiums, you’d notice that the cost would vary. In some cases, quite considerably.

Furthermore, you may notice that some of the coverage options you can benefit from aren’t available at every carrier. Without comparing, you could be left exposed to unnecessary risks. Both protection and price are two great reasons to always compare the costs of Colorado travel trailer coverages.

 

Does Colorado Require a Travel Trailer To Carry Separate Insurance?

Technically, a travel trailer is considered to be an RV. In Colorado, RVs must have at least liability coverage. Therefore, regardless of what loopholes you may think apply, it’s always recommended to avoid issues.

There are minimum Colorado RV insurance requirements of $25,000 per person for bodily injury, $50,000 per accident for bodily injury, and $15,000 per accident for property damage, which everyone must follow.

But it’s still important to note that liability insurance protects others, not you, in the event of an accident where you are at fault, and you’ll need additional coverage for your own losses.

 

Travel Trailer Insurance Colorado Coverages

Similar to other auto-related insurance policies, you’re going to have coverage options to choose from. While you’ll need liability coverage to remain legal in the Centennial State, if you’re looking to cover more than the bare minimum, you’ll need to consider additional options.

When you are in an accident and cause a loss to another party, it’s important that you can restore the loss. But you’re still going to need to restore your own losses in the aftermath. Furthermore, you may suffer losses outside of the realm of an accident caused by driving. Here are some options for drivers in Colorado:

• Comprehensive Coverage protects travel trailers from the elements. There are several weather events, such as hail or wind damage that can cause a loss.
• Collision Coverage restores your losses following an accident. You’ll be able to restore your losses without solely dipping into your own pockets both when on the road or when an event occurs while parked.
• Full-Time RV Insurance may also be applicable for those who live in their trailers on a full-time basis. If you live in your travel trailer for more than six months out of the year, this coverage is a great consideration that can help protect you from unique liability risks.
• Contents Coverage protects your personal items. It’s not always needed as a home insurance policy in Colorado, comprehensive coverage, and/or collision coverage may be enough. However, it’s still worth exploring this option, especially if you spend a lot of time traveling and/or transporting valuable goods that are at an elevated risk.
• Medical Payments Coverage is a good option to ensure expensive medical bills for affected parties are covered and can even help cover injuries when you aren’t on the road.
• Campsite Liability Insurance is a protection against liability risks, particularly against someone becoming injured near your camp. This coverage will help you pay for medical expenses and could potentially save you from facing legal action.
• Emergency Expenses Coverage comes in handy when you deal with unexpected emergencies when traveling. This can help you pay for repairs, find an alternative means of shelter, and other related expenses.
• Underinsured/Uninsured Motorist Coverage helps you avoid covering a loss when another motorist isn’t doing the right thing. Some drivers may not have enough coverage but some drivers simply forgo their financial responsibility altogether leaving you to pick up the pieces. This coverage helps you get back on track without having to take lengthy, stressful legal action.

 

How To Find Affordable Travel Trailer Insurance in Colorado

If you’re going to drive a travel trailer, live in a travel trailer, or any combination of the two, you’re going to need to understand how to find affordable coverage. It’s a complex endeavor but with a few easy steps, you can protect yourself and your property at an affordable rate.

 

Define Your Travel Trailer Coverage Needs

As you’ve seen above, there are plenty of coverage options for travail trailers in Colorado. This isn’t by mistake. Different trailers and owners have different needs and need to be prepared for the appropriate risks associated with them.

The first step is identifying your risks so that you can define the right coverages. A ranch hand is going to have specific needs whereas someone who only uses their trailer two or three times per year for camping will have different needs.

Getting the right coverage for your specific risks isn’t only going to help you potentially save money on premiums, but even more importantly, you’re going to avoid potential future losses that could hinder your finances.

 

Shop Around and Compare Travel Trailer Coverages and Premiums

Once you know the coverage you need, it’s all about shopping around and comparing your options. You can do it alone but this takes a lot of time and you might miss something if you aren’t careful. Alternatively, working with an insurance agent can help guide you along the process.

Specifically, when you work with an agent that represents multiple brands, you’ll get fuller access to multiple carriers in a fraction of the time. This helps you gain a fuller scope of your options and pinpoint the cheapest premium.

Freedom Insurance Group helps drivers cover travel trailer insurance in Colorado no matter what your usage. We’re here to help and work with a variety of top-rated carriers that can even bundle your coverage with things like car insurance for a personalized approach that costs less. Contact us today at the number above to save.