Travel Trailer Pros and Cons

Average Cost to Insure a Travel Trailer

5th Wheel Travel Trailer
Getty Images/Chris Clor

There are lots of advantages and disadvantages to a travel trailer, as compared to a motor home.  Here are a few to consider before making your purchase.

  • Cost: ​Without a built-in engine and drive train, the cost of a travel trailer is almost always less than for a motor home, oftentimes significantly less. In addition, a travel trailer tends to hold its value longer than a motor home. You will, of course, require a towing vehicle and, depending on the size of your trailer, its cost can far outdistance that of the trailer itself.


    • Convenience: ​​One big advantage to a travel trailer is that once you have reached your campsite, you can unhitch it and use your towing vehicle to run errands or take in the sights. 


    • Restrictions While Traveling: One major disadvantage of a travel trailer is that you can't have anyone riding around in it while you are on the road. All of your fellow travelers will have to join you in your towing vehicle until you are stopped.


    • Financing: In most cases, you will not be able to spread out payments for a travel trailer as much as for a motor home, so monthly costs can be on the high side.


    • Insurance: ​Insurance on a travel trailer is very reasonable. Most travel trailer policies run annually and often average $200 or less a year. Of course there can be a big variation in price depending on where you live, the value of your trailer, and your personal factors such as driving record, age, and credit score.