Are you about to insure your motorhome? Then you may want to know that some insurance companies have switched to so-called annual insurance. This means that you pay the same premium for the whole year, regardless of whether the motorhome is parked or unparked.
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Parking your motorhome and paying a lower insurance premium
Until recently, all motorhome insurance policies worked by paying one price when the motorhome was parked and another when it was unparked. When the motorhome is parked, you then have what is known as 'garage insurance' which usually covers fire, theft and vandalism.
For example, if you park your motorhome in a garage for several months over the winter, garage insurance is sufficient. In addition, many people have chosen to switch their motorhome on and off much more often than during winter storage.
Since the price difference between the two types of insurance is often large - and since it has become relatively easy to switch the vehicle on and off with an app - there has naturally been a reason to cancel the car when you don't plan to use it for a few weeks or months.
Some insurance companies have now switched to "annual insurance".
Some insurance companies have got tired of motorhome owners switching their vehicles on and off from time to time (even though this is fully permitted by law) and have changed their motorhome insurance - from so-called "standby insurance" to so-called "annual insurance". This means paying the same premium all year round, regardless of whether the motorhome is used or parked in a garage for several months at a time.
We have spoken to a number of insurance companies on the phone and one told us that "it became so complicated to manually manage the cancellations and additions that they had to choose between giving up motorhome insurance or switching to annual insurance". Another company said that "it was intended that the annual insurance would be a little cheaper instead, but that was not the case".
And that, of course, is the catch for us motorhome owners. If the insurance suddenly becomes extremely expensive, with some companies, it is important to watch out.
We have made calls to insurance companies
We called around to a bunch of different insurance companies that offer motorhome insurance. We asked them if they still offer a 'standby' policy or if they had switched to an annual policy (and if they had heard any discussions about this). At the same time, we asked them to give us a price for comprehensive insurance for our motorhome.
Price examples for comprehensive insurance - What do the price examples below mean?
After talking to each insurance company, we have received a price for fully insuring our motorhome with them. The price example applies to our motorhome (Adria from 2007) and with one of us as owner. Please note that the price may be completely different for you, depending on which motorhome you have, how old it is, how long you have had a driving licence, whether you have other insurance policies with the company, etc. etc.
Folksam
Lower premium when the motorhome is cancelled? YES! Customer Service has not heard about this change.
Price example for full insurance (applies to our motorhome)
- Set up: 655 kr/month
- Cancelled: 113 kr/month
Safe Hansa
Lower premium when the motorhome is cancelled? YES! Customer Service has not heard about this change.
Price example for full insurance (applies to our motorhome)
- Set up: 935 kr/month
- Cancelled: 114 kr/month
M Insurance
Lower premium when the motorhome is cancelled? NO! You pay an annual premium, which is slightly lower per month during the summer months, and slightly higher per month during the winter months. Those who have previous cancellation insurance (with a lower premium in case of cancellation) keep this arrangement, as long as the customer keeps the insurance. In any case, customer service has not heard about other plans.
Price example for full insurance (applies to our motorhome)
- Year-round (regardless of switched on/off): 7064 kr/year (588 kr/month)
Your insurance policies
Lower premium when the motorhome is cancelled? YES! Customer Service has not heard about this change.
Price example for full insurance (applies to our motorhome)
- Set up: 415 kr/month
- Cancelled: 77 kr/month
Caravan Insurance
Lower premium when the motorhome is cancelled? NO! Caravan Insurance currently only offers annual insurance. Those who have previous parked insurance (with a lower price when the motorhome is parked) have this until the end of the contract period. The price of annual insurance depends on many factors, including how many times you plan to park the vehicle and how many months you plan to use it.
Price example for full insurance (applies to our motorhome)
- Year-round (regardless of switched on/off): 7373 kr/year (615 kr/month)
IF Insurance
Lower premium when the motorhome is cancelled? YES! Customer Service has not heard about this change.
Price example for full insurance (applies to our motorhome)
- Set up: 734 kr/month
- Cancelled: 140 kr/month
Questions about insuring your motorhome
As a motorhome owner, are you satisfied with your motorhome insurance? How do you feel about some companies switching to annual insurance?
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Annar Aas says:
I took out insurance with Trygg Hansa when I was 18, and when I bought a motorhome 45 years later, it was easy to negotiate. Checked where it was cheapest to insure the motorhome and passed the information on to TH. That then became my premium with them. It pays to be faithful... since then I have renegotiated once without any problems. Now I don't have a car because I'm completely paralysed but I think "loyalty" to a company can pay off.
12 February 2022 - 9:15
Helena says:
Hi Annar! So very sorry to hear what you had to go through and suffered! After you wrote, we read the article in hd.se. Good to hear that you have found a way to relate to your new situation, even though it must be a big challenge. Warm thoughts and greetings from us! Agree that it can be worthwhile to collect your insurance with one company, many provide better prices then. For us, it became a bit messier after the houseboat, as almost all companies refuse to insure houseboats.
12 February 2022 - 10:32
Leif Broberg says:
Having annual insurance does not affect me as I never cancel, but the Caravan should have a supplement if you go outside the Nordic countries, which I do not like.
12 February 2022 - 9:17
Helena says:
It's true, if you don't cancel, it doesn't matter. And yes, I remember we were also asked by them if we were planning to go abroad with the car.
12 February 2022 - 10:34
Arne Lindh says:
Länsförsäkringar
Installed 726 SEK/month
Cancelled 60 kr/month
12 February 2022 - 14:57
Arne Lindh says:
Applies to LMC 2016
12 February 2022 - 14:58
Helena says:
What a great addition! Thank you! 🙂
12 February 2022 - 15:07
Mr Peter Wolgast says:
Good for you for checking, many people probably don't know about this!
We drive IF on most things, but if it also changes with them so it becomes more expensive, we will probably have to think about it. After all, the motorhome is a luxury item for most of us so it may cost a little extra?
As usual a great briefing!
12 February 2022 - 16:05
Helena says:
Thanks for the nice comment! 🙂 And yes, of course it is not only about the price but also that you get something good for what you pay. And collecting insurance can be an advantage.
12 February 2022 - 16:58
BP says:
Insuring a motorhome is certainly not cheap. But it's so ugly to sneak a full-year insurance policy onto motorhome owners, which is certainly not more affordable. Typical insurance company. They just want to make money anyway. It is also the case that it only becomes apparent in the event of an accident/theft etc. which company is "best". So it's really a "gamble" that applies to all insurance policies.
Which company did you choose? We have If for most insurance. Only had to use their services once when we were robbed in Benidorm. Have only positive things to say about If.
12 February 2022 - 16:46
Helena says:
Sure, that's true, it's not just about the price you pay but at least as much about what you get if the accident happens. We have M Försäkring since before, but not their full-year insurance, but cancellation insurance (which can no longer be subscribed to with them, but if you have subscribed to it before, you still have it). Right now we will probably stay, but if we had to switch to annual insurance, we would switch. The only disadvantage right now is that we cannot "collect" insurance here, and get any benefit from it.
12 February 2022 - 17:02
Role o Carina says:
Of course, motorhome ownership has become more expensive and more complicated than it used to be!
When we bought our 1st motorhome in 2005, it was much cheaper than now.
And even to refuel it, the desire has cooled with these prices!
Take care.....
12 February 2022 - 23:13
Mr Kjell Erland Johansson says:
I believe that M & länsförsäkringar have a fraudulent behaviour when I drop off the car / motorhome, I should not pay the traffic element but only for theft, fire; wagon which I accept but not that the companies sit & charge for an element that I do not have namely Traffic ... This is Fraud against the policyholder even Motor does this way which is horrible those who should protect their members. This should be investigated by the authorities, as this can spread to other industries... So in my opinion, these companies have a fraudulent behaviour & should be reprimanded....
02 August 2023 - 16:25