The primary issue with covers is that they can scratch and erode your paint when they flap around in the wind. Any fabric exposed to the outdoors will accumulate windblown grit, and then it's the grit that does the damage. If you even have a windshield bra that is held in place partially along the lower edge (cab doors) by little magnets, you can typically see the scratches begin to develop around the magnet areas if you use it often.
So says other forums where this issue has been discussed. I can't speak from direct experience as we have never used a cover.
Texas is often cheaper than much of the rest of the country in many respects... have you thought about renting a storage bay?
We're in Galveston County and we rent a fully-enclosed bay with extensive security and electricity included, for $135 per month. We recently did a partial cord-cut in which we dumped DirecTV, dumped the old Verizon FIOS broadband service (which had become Frontier in Texas), downgraded a cell phone plan, and bought an Xfinity bundle that includes broadband and limited cable on just one TV in our house... all of those changes ended up saving more money than we are spending monthly on storage for our Class B.
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