Is caravan insurance a rip off?

[otherclive]

Looking at recent quotes for caravan insurance compared to that of our main tow car, the two clubs are around £150-170 for about £8ks worth of cover. Yet our XC70 worth considerably more than that which does 15k miles per year, is used daily, and has the potential to incurr a very large claim either involving myself and/ or third parties costs £225. The XC70 with with a reputable company too.
Are we being ripped off for pursuing our hobby?

 

[Raywood]

The market is very competitive so I doubt the premium is exhorbitant. If any insurer quotes too high they lose the business.

 

[otherclive]

Good point but given the sums insured and potential risks are caravanners making more claims proportionately than car drivers? I suspect since caravan insurance is not mandatory and reflects a discretionary expenditure the insurers are doing what my LSE tutor told me ' price your product at the highest price the market will take'

 

[colin-yorkshire1]

Looking at recent quotes for caravan insurance compared to that of our main tow car, the two clubs are around £150-170 for about £8ks worth of cover. Yet our XC70 worth considerably more than that which does 15k miles per year, is used daily, and has the potential to incurr a very large claim either involving myself and/ or third parties costs £225. The XC70 with with a reputable company too.
Are we being ripped off for pursuing our hobby?

are we being ripped off probably, it just a matter of the scale, on the face of it the quotes refered to above are quite reasonable to most,
my van insurance was £130 on renweal "in october" despite it being now 8 years old (no new for old) and worth half that of yours.
car insurance (just obtained) lowest quote £261 on a 2004 Meriva and I had to shop around to get it that cheap ,ave milage 8k
but what can you do your dammed if you do, doomed if you don't.

 

[Raywood]

The business is too competitive for companies to rip you off. Caravans do have more claims than cars, the theft rate both of the unit and contents as a percentage is quite high compared to cars.

 

[otherclive]

I have now gone with the C&CC who when I mentioned that we would not be taking the van to Europe this year reduced the quotation which showed a good flexibilty.