JSMedia – Depending on the reason you have for storing your car, you can get a discount on your auto insurance. Most states do not require drivers to have car insurance for vehicles that are not in use. Some insurers may allow you to reduce your coverage in exchange for a lower premium if you don’t drive your vehicle. A good way to do this is to drop liability coverage and consider comprehensive coverage only.
Depending on the type of policy you choose, you can save a significant amount on your coverage. Many companies offer discounts based on mileage and age of the vehicle. For example, if you only drive occasionally, you can opt for low-mileage insurance or pay as you go car insurance. With pay as you go, you can pay a flat monthly fee and a small amount for each mile you drive, cutting your overall insurance premium.
Another option is to get a reduced mileage policy. This is a form of coverage based on how much you drive each year and can save you $300-500. Alternatively, you can opt for pay as you go insurance, which bills you based on the miles you put on your vehicle. If you want to reduce your premiums without having to cancel your coverage, try pay as you go insurance.
Can I Get a Discount on Auto Insurance If My Car is in Storage?
In some states, you can cancel your auto insurance policy if your car is in storage. While this may seem counterintuitive, it’s actually a smart move. Not only will you save money on your insurance, but you’ll also avoid the risk of lapses in your auto insurance history. And as long as you’re still protected in case of damage due to fire, flood, or theft, you’re covered.
The only way to get a discount on your insurance is to turn in your car for storage. Some insurance companies offer special comp plans for cars that are kept in storage. This means you can keep your car, but you’ll need to turn in the plates. However, if you’re going to drive your vehicle in a public place, you can save on auto insurance by taking out the comprehensive coverage.
In some states, you can get a discount on your auto insurance by storing your car in a garage. If you’re a collector, you might want to consider collecting antique or sports cars. You can save on car insurance if your vehicle isn’t in use. Some insurers offer collector car insurance policies for these cars. If your car isn’t in use, it’s worth taking it out of storage.