Caravan: drivers are warned to check the vehicle before the summer, as the prices of used caravans increase

With ongoing train strikes and airport delays, thousands of Britons will turn to caravans to avoid travel chaos. New RV searches are up 69 percent in the last month as drivers look for alternative vacation options this summer.

From March to April, searches for “last minute caravan holidays” nearly tripled.

Prices are rising across the board, but new research from Norton Finance shows caravans have been less sensitive to inflation than other sectors.

The average cost of a new caravan increased 14 percent in the 12 months through February of this year.

By comparison, used cars have seen a price increase of 32 per cent, with the price of holidays abroad also increasing and the cost of European hotel prices increasing by 23 per cent.

READ MORE: Couple of motorhomes rejected from their favorite destination

“Look for loans designed specifically for caravans.

“Usually, you’ll need to have a particular vehicle in mind before you apply, and it’s crucial to consider your budget beforehand, so you can be sure you’ll be able to meet the monthly payments.”

Nearly 20 million nights were spent in a caravan in the UK in 2019, and with travel chaos on the rise, this number could grow by the end of the year.

However, drivers are warned to stay safe, as some 4,000 caravans are stolen each year.

As a result, Norton Finance encourages drivers to pay for the appropriate theft insurance.

The average cost of insurance for a touring caravan is around £300 for a caravan valued at £20,000.

While there are no legal requirements for insurance, being insured against theft, accidental damage, contents coverage, and European tours, if applicable, are all good options.

The biggest financial commitment is buying the camper itself, but it’s just as important to factor in maintenance and other recurring costs.

Research from Ripe Insurance found that the average annual cost of owning a caravan is £2,266, based on storage costs and 60-night launch fees.

When parking the caravan, drivers should also be careful, especially when the vehicle is going to be left for an extended period of time.

Drivers often have to choose between parking on the street or on their property.

However, both options have the potential to cause problems, so be sure to check your home’s deeds and local authority rules before committing to either.

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