As with most insurance policies, the cost of motorhome insurance is based on a combination of factors that the insurer uses in order to calculate the premium. For motorhomes and campervans, this might encompass a variety of vehicle and/or customer-specific factors, including:
- value
- size
- complexity and age of the vehicle
- the profile of the driver(s)
- their claims history
- how much (and where) the vehicle will be used
- what security the vehicle has
- where the vehicle will normally be stored.
There are also running costs or expenses that have to be factored into the premium, such as the cost of systems and documentation, running a contact centre and claims administration.