There are many factors which come into play when calculating the premium for your motorhome insurance.
Claims
There are five different types of claims which can affect your motorhome insurance. These are; Non-fault, Fault, Partial, Pending and Windscreen.
A non-fault claim occurs when a third-party has admitted liability for the incident. For example, if the third party hit the policy holder's vehicle from behind, the third party would be at fault and the claim on the policy holders' side would be settled as a non-fault claim.
Non-fault claims do not normally affect insurance premiums but they still need to be disclosed just like any other claim.A fault claim is the opposite of a non-fault claim. This is where the policy holder is at fault for the incident. For example, if the policy holder hit the third party from behind, the policy holder would be at fault for the incident and the claim on the policy holders' side would be eventually be settled as a fault claim. Fault claims can greatly affect insurance premiums.
A partial claim is when the third-party and policy holder are both equally to blame and the claim is split 50/50. Partial claims are often treated and rated as fault claims, which can greatly affect insurance premiums.
A Pending claim is when the incident has not yet been settled, normally due to one of the parties not admitting liability. Even if the policy holder is clearly not at fault, pending claims are temporally treated and rated as fault claims which can affect insurance premiums. However, if the claim is eventually settled as a non-fault, the past insurers will often be happy to refund any additional premium charged.
A Windscreen claim is when the policy holder claims on their comprehensive insurance for a windscreen replacement or repair. Windscreen claims are classed as non-fault, which would not normally affect insurance premiums but they still need to be disclosed just like any other claim.
If you have had any claims or accidents in the past 5 years, you must disclose them to your insurance company, otherwise they may cancel or void your policy.
Convictions
There are hundreds of types of convictions which drivers can receive from the police and DVLA. All of which will affect your premium, some more than others. The most common convictions are; speeding, drink/drug driving, driving without insurance and using your phone whilst driving.
Age
Age affects premiums more than anything else. Generally speaking, the older you are, the lower the premium is.
Telematics
Telematics, also known as a black box, is a relatively new invention which can be easily installed into any vehicle. Once installed, a black box can monitor different types of data such as speed, acceleration, braking and more. This data can be shared with whoever is maintaining the telematics box such as a business managing their fleet or an insurance company.
Especially for younger drivers, telematics can greatly reduce insurance premiums.
Postcode and parking
Postcodes are another main factor which can either greatly increase or decrease insurance premiums. The higher the postcode is rated, the higher the premium will be. Postcode ratings are calculated using crime and accident statistics, flood risks and more.
Parking is another huge factor which can either greatly increase or decrease insurance premiums. The more secure the parking is, the lower the premium will be. For example, keeping a vehicle in a locked garage or a driveway is safer than parking the vehicle on a public road or car park, so the premium will be lower.