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Old 03-28-2015, 12:30 PM   #1
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Insuring a new Escape 5.0TA

Hi, our new 5.0TA is being built as I write this . We have checked with our current vehicle insurance carrier ( State Farm ) and with Good Sam, who uses National General ( formerly GMAC ). The Good Sam policy runs about $200 per year, while State Farm is a little more than twice that rate. While the cost of insurance is a vital component, one should also consider the financial stability of the insuring company, ease of working with them through a claim, the satisfaction of the insured, etc. Also, is there a value in using the same insuring company where all of one's other insurance is carried? If anyone has an opinion we would be grateful for the input.

Thanks, George and Jodi
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Old 03-28-2015, 12:41 PM   #2
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Originally Posted by HappyCampers View Post
Hi, our new 5.0TA is being built as I write this . We have checked with our current vehicle insurance carrier ( State Farm ) and with Good Sam, who uses National General ( formerly GMAC ). The Good Sam policy runs about $200 per year, while State Farm is a little more than twice that rate. While the cost of insurance is a vital component, one should also consider the financial stability of the insuring company, ease of working with them through a claim, the satisfaction of the insured, etc. Also, is there a value in using the same insuring company where all of one's other insurance is carried? If anyone has an opinion we would be grateful for the input.

Thanks, George and Jodi
There is an advantage if you carry an Umbrella Policy; you may be required to have it insured with same carrier if so. We have used AAA for about 18 years (had USAA prior) and their service is fantastic. Policy runs us $260/year.
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Old 03-28-2015, 01:27 PM   #3
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Originally Posted by HappyCampers View Post
Hi, our new 5.0TA is being built as I write this . We have checked with our current vehicle insurance carrier ( State Farm ) and with Good Sam, who uses National General ( formerly GMAC ). The Good Sam policy runs about $200 per year, while State Farm is a little more than twice that rate. While the cost of insurance is a vital component, one should also consider the financial stability of the insuring company, ease of working with them through a claim, the satisfaction of the insured, etc. Also, is there a value in using the same insuring company where all of one's other insurance is carried? If anyone has an opinion we would be grateful for the input.

Thanks, George and Jodi
I don't understand why your State Farm ins. is so high. We just insured our 2014 21 for $166. here in Wa. state, with a $250 deductible?
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Old 03-28-2015, 01:54 PM   #4
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You need to read the policy and understand what you get. My policy is for guaranteed replacement ( they will buy a 2015 to replace my stolen 2008 ). I don't recall, but I think the deductible is $500.
Policy also covers contents up to $5,000 and has trip interruption insurance.
With the differences between US and Canada, province to province and state to state, what's covered under the tow vehicle or home policy and what is not, you really need to examine YOUR coverage. Comparisons on the web aren't of much value. ( note that where you live and even your credit score can affect price of policy ).
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Old 03-28-2015, 02:44 PM   #5
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I have had State Farm for past 8 years on all my trailers and home and auto's. Fleet discount??
I also have Good Sam Emergency Road Service for the trailer and auto's. No problems yet. You can always cancel if not satisfied.
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Old 03-28-2015, 03:36 PM   #6
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You need to read the policy and understand what you get. My policy is for guaranteed replacement ( they will buy a 2015 to replace my stolen 2008 ). I don't recall, but I think the deductible is $500.
Policy also covers contents up to $5,000 and has trip interruption insurance.
With the differences between US and Canada, province to province and state to state, what's covered under the tow vehicle or home policy and what is not, you really need to examine YOUR coverage. Comparisons on the web aren't of much value. ( note that where you live and even your credit score can affect price of policy ).
Thanks, helpful information, I'll check it out with the ins. carrier.
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Old 03-28-2015, 04:10 PM   #7
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Thanks, helpful information, I'll check it out with the ins. carrier.
also check and see how long they will replace with a brand new trailer. I've check out a few insurance policy's and replacement was good for the first 5 years which is still a good deal.
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Old 03-28-2015, 04:53 PM   #8
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also check and see how long they will replace with a brand new trailer. I've check out a few insurance policy's and replacement was good for the first 5 years which is still a good deal.
I have Gieco for around $300.00 per year. It gives me full replacement cost for the first 8 years, and also includes emergency road service. After the 8 years, then the percentage begins to decline. I forgot what the final percentage of replacement cost are, think it bottoms out around 50% or maybe a little less.
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Old 03-28-2015, 07:14 PM   #9
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More helpful information, thanks mk1549 and Scuba55.
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Old 03-28-2015, 09:36 PM   #10
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Originally Posted by HappyCampers View Post
Hi, our new 5.0TA is being built as I write this . We have checked with our current vehicle insurance carrier ( State Farm ) and with Good Sam, who uses National General ( formerly GMAC ). The Good Sam policy runs about $200 per year, while State Farm is a little more than twice that rate. While the cost of insurance is a vital component, one should also consider the financial stability of the insuring company, ease of working with them through a claim, the satisfaction of the insured, etc. Also, is there a value in using the same insuring company where all of one's other insurance is carried? If anyone has an opinion we would be grateful for the input.

Thanks, George and Jodi
We used Good Sam, which is actually Progressive in Texas. As for financial stability I'd say they are all fine. Focus on the coverage. We got guaranteed replacement cost coverage on ours and its good to know if the trailer was stolen or destroyed we would get the amount it would take to build a brand new one with the same equipment. Also have interior content coverage.
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