Do I need liability car insurance for a stored car?
You may be required to buy car insurance for a stored car with current registration; besides, it's wise to protect any vehicle you own. Read on to learn about insurance options for cars in storage.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Nov 24, 2024
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Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 24, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
If you own a vehicle and plan to keep it in storage for some time, you may wonder what you need to do about insurance. If you have a policy, should you keep paying the installments or do you need a different type of insurance in this situation altogether?
We know this can be confusing, so we have researched the topic and provided answers below.
- Most states insist that you have insurance on a registered vehicle
- If you cancel the registration and subsequently the insurance, your premiums may go up in the future
- Consider carrying comprehensive insurance to protect the value of a vehicle while it is in storage
Do you need car insurance for a stored car?
The answer to this question is “not necessarily.” Whether you want to go about insuring a stored vehicle will depend on whether you intend to maintain the current registration and also if you want to protect the car from damage, theft, or vandalism when it is off the road.
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What about vehicle registration for cars in storage?
Most states require that you carry the minimum liability auto insurance coverage while you have a valid registration in place. Indeed, some states insist that insurance companies notify them directly when a policyholder cancels their coverage or fails to make their payments.
Case in point, New York has an insurance information and enforcement system, and regulators will send you a warning notice if they find out that you do not have current insurance on a registered car.
Should you cancel your registration?
Of course, you can cancel your registration, which may be an option if you intend to store the car for an extended period. You will need to research the requirements in your state, but you might also have to return your tags to your state’s Department of motor vehicles (DMV).
If there is a lapse in your insurance coverage, this may show on the central insurance database that companies refer to when setting premiums. If you apply for coverage at a later date, you may have to pay more due to that earlier lapse.
It’s a Good Idea to Carry at Least Some Car Insurance for a Stored Car
When you cancel your insurance altogether, your vehicle will be vulnerable. If your car sustains damage while in storage through vandalism or a freak weather event, you may be out of pocket as you will not be able to file a claim with your car insurance company.
Similarly, someone could break into the storage unit and steal the vehicle with similar repercussions.
Can you get cheaper auto insurance for a stored car?
You may be able to get reduced-rate car insurance for stored vehicles.
You won’t need liability or collision coverage as you will not be driving the car, but comprehensive coverage is crucial as it will cover you against the following:
- Floods
- Storms
- Theft
- Fire
- Vandalism
In addition, some insurance companies offer policies based on the miles you drive, so shop around and see if you can find an option that makes the most sense in your situation.
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Do you have to have auto insurance for a stored vehicle with a loan?
If you do not own the car yourself but have a lease with a finance company, the company will likely insist that you carry comprehensive coverage to protect its interest in the vehicle.
As mentioned above, even though you may not be driving the car, it will still be at risk of vandalism, theft, flood, fire, or severe weather while in storage.
Case Studies: Examples of Utilizing Different Types of Insurance for a Stored Car
Case Study 1: Comprehensive Coverage Protects Against Vandalism
Sarah owns a classic car that she plans to store in a garage for the winter season. She decides to maintain comprehensive coverage for her vehicle during this period. One night, while her car is in storage, vandals break into the garage and spray paint graffiti on her car’s exterior.
Thanks to her comprehensive coverage, Sarah is able to file a claim with her insurance company. The comprehensive coverage reimburses her for the cost of repairing the damages caused by the vandalism.
Case Study 2: Comprehensive Coverage Guards Against Natural Disasters
John has a sports car that he keeps in a storage facility while he travels abroad for an extended period. He chooses to carry comprehensive coverage to protect his car from potential natural disasters. Unfortunately, during his absence, a severe storm causes significant damage to the storage facility, including his stored car.
With his comprehensive coverage in place, John can file a claim with his insurance company. The comprehensive coverage helps cover the repair costs for the damage caused by the storm.
Case Study 3: Liability Coverage for a Stored Car With a Loan
Mark recently purchased a new car and had to finance it through a loan. Due to unforeseen circumstances, he needs to store the car temporarily. However, his finance company requires him to maintain comprehensive coverage to protect their interest in the vehicle. Mark ensures he has the necessary liability coverage in place for his stored car.
Luckily, his comprehensive coverage provides financial protection if any unforeseen events, such as theft or damage, occur to the car while it is in storage.
Case Study 4: Modified Insurance Policy Based on Mileage
Emily has a secondary vehicle that she rarely uses and decides to store it for an extended period. She contacts her insurance provider and informs them about her situation. They offer her a modified insurance policy that is based on the mileage driven.
Since Emily won’t be driving the car at all while it’s in storage, she is able to secure a reduced-rate insurance policy that only covers the necessary comprehensive protection. This tailored policy helps her save money while still providing essential coverage for her stored vehicle.
Case Study 5: Lapse in Coverage and Increased Premiums
Alex decides to cancel his car insurance policy for his stored vehicle without properly informing his state’s motor vehicle department. After a few months, he decides to reactivate the policy and get coverage again.
However, he faces a significant increase in premiums due to the earlier lapse in coverage. Alex learns the importance of maintaining continuous coverage for his stored car to avoid future repercussions and higher insurance costs.
Understanding Short-Term and Storage Insurance Options
When considering options for insuring a stored vehicle, it’s essential to explore the various temporary and storage insurance solutions available. One such option is Geico storage insurance, which can offer significant savings for those storing their vehicles for extended periods. The Geico storage insurance cost varies based on factors like the vehicle’s make, model, and storage location, but it typically provides comprehensive coverage to protect against non-driving-related damages such as theft, vandalism, and natural disasters.
For those in specific regions, understanding state-specific requirements is crucial. For example, NV car insurance laws may have unique stipulations for stored vehicles, including maintaining minimum liability coverage if the car is still registered. This ensures compliance with state laws and prevents penalties. Furthermore, temporary insurance solutions like 1-day car insurance temporary cover can be useful for individuals needing short-term coverage.
These policies offer flexibility and are ideal for situations where you need coverage for a brief period, such as moving the vehicle to a new storage location. It’s also important to address potential gaps in coverage. Discussions on platforms like Reddit often highlight issues such as a 1-day lapse in car insurance on Reddit, which can have serious repercussions.
Even a brief lapse can lead to increased premiums or difficulty securing future coverage. Therefore, ensuring continuous insurance coverage, even for stored vehicles, is vital to avoid these pitfalls.
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Comprehensive Coverage Options and Policies
When exploring options for comprehensive auto insurance, it’s crucial to consider all car insurance companies to find the best coverage that fits your needs. All driver’s insurance should encompass a variety of protections, from liability to full coverage, to ensure you’re safeguarded in any situation. For those looking at specific providers, an Allstate full coverage policy offers extensive protection, including collision and comprehensive coverage, which can be beneficial in case of accidents, theft, or natural disasters.
Additionally, Allstate storage insurance is an excellent option for those who need to protect vehicles not in regular use, ensuring your car remains covered against unforeseen damages while in storage. Another important aspect of auto insurance is GAP coverage, which is vital if you owe more on your car loan than the vehicle’s current market value. Allstate Gap insurance bridges this gap, protecting you financially if your car is totaled or stolen. To get more information or to purchase this coverage, you can contact the Allstate Gap Insurance phone number and speak with a representative.
It’s essential to understand the terms and benefits of this coverage to ensure you are fully protected. Moreover, in discussions on platforms like Reddit, users often highlight the importance of understanding the Allstate grace period on Reddit, which can provide temporary relief if you miss a payment, preventing immediate policy cancellation.
Considering comprehensive coverage also means being aware of the various policies and additional protections offered by major insurers. Comparing these options across all car insurance companies allows you to find the best fit for your specific needs. Allstate’s diverse offerings, from their full coverage policies to specialized options like GAP and storage insurance, cater to different scenarios and drivers. Understanding these elements helps in making an informed decision, ensuring you have the right level of protection no matter your circumstances.
Exploring Insurance Options and Provider Reviews
When considering the best storage unit insurance for your vehicle, it’s important to look at comprehensive coverage options that protect against theft, vandalism, and environmental damage. Companies like Bristol West Insurance Group offer specialized policies that can be tailored to fit the unique needs of vehicle storage. You can reach out to them through the Bristol West Insurance phone number for more detailed information and to get a personalized quote. Reviews of Bristol West Insurance often highlight their customer service and robust coverage options, making them a reliable choice for those seeking storage unit insurance.
For those in the market for auto insurance, Geico customer service is renowned for its accessibility and responsiveness. With extensive Geico customer service hours, policyholders can get assistance and answers to their questions at almost any time of the day. This is particularly useful when you’re buying a car and insurance simultaneously, as prompt service can help streamline the process. Additionally, the average cost of car insurance in Michigan is notably higher than in many other states, making it crucial to compare rates and find the best possible deal.
Utilizing GEICO’s online tools and customer service can aid in securing a budget-friendly policy that meets all your coverage needs. For classic car enthusiasts, classic car insurance is a must. This specialized insurance typically offers agreed value coverage, which ensures that your classic car is insured for its full appraised value, rather than the depreciated market value. Budget auto insurance reviews and providers, such as Budget Insurance in Avon Park, also offer a variety of coverage options at competitive rates.
With the ability to buy an auto insurance policy online, it has never been easier to compare quotes and secure the right policy quickly. Whether you are buying a car and insurance at the same time or simply looking to update your current coverage, these tools and services can help ensure you get the best possible deal.
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Specialty Insurance Options and Provider Comparisons
When considering insurance for vehicles in storage, specialty providers like American Eagle Auto storage offer tailored solutions to protect your car while it’s not in use. This type of coverage ensures that your vehicle is safeguarded against risks such as theft, vandalism, and environmental damage, even when it is not on the road. American Eagle Auto storage is particularly beneficial for seasonal vehicles or cars that you intend to store long-term, providing peace of mind that your investment remains protected.
For residents in the Sunshine State, Amica Insurance in Florida is a reputable option, known for its exceptional customer service and comprehensive coverage plans. You can easily reach out for more information or get a quote by calling the Amica insurance phone number in Florida. This allows potential policyholders to discuss their specific needs with an agent and tailor their coverage accordingly.
Insights from users on platforms like Amica Insurance on Reddit often highlight the positive experiences and high satisfaction levels of Amica customers, further establishing its credibility and reliability. Managing your Amica policy is made simple with the Amica personal access number, which provides a direct line to your account details and customer support.
This feature ensures that policyholders can easily access their insurance information, make changes to their coverage, or file claims efficiently. By comparing these offerings with other insurance providers, you can determine which company best meets your needs, ensuring comprehensive and convenient coverage.
Exploring AAA and Alfa Insurance Options
When choosing the right insurance provider for your needs, it’s essential to consider various factors, including available discounts, coverage options, and customer support. AAA car insurance offers a range of benefits, including AAA car insurance discounts for safe driving, multiple vehicles, and bundling policies. These discounts can significantly reduce your premium costs.
For those residing in the Sunshine State, AAA car insurance in Florida provides tailored coverage options to meet the state’s specific requirements. You can easily get an AAA car insurance quote online or by contacting the AAA car insurance phone number to discuss your needs with a representative. Comparing AAA car insurance vs. Geico reveals distinct differences in coverage and customer service. AAA is renowned for its personalized service and membership perks, which include roadside assistance and travel discounts. AAA classic car insurance is another attractive option for vintage vehicle owners, offering specialized coverage that considers the unique needs of classic cars.
On the other hand, GEICO is known for its competitive pricing and extensive digital tools for policy management. Evaluating AAA car policy details and comparing them with GEICO’s offerings can help you make an informed decision based on your preferences and needs. For Alfa Insurance policyholders, convenient tools like the Alfa Insurance policy lookup make managing your coverage straightforward.
Alfa Insurance roadside assistance is another key feature, ensuring help is available when you need it most, whether you encounter a flat tire or need a tow. Both AAA and Alfa Insurance provide robust support and reliable service, making them strong contenders in the auto insurance market. Considering the specific benefits of each provider will help you choose the best fit for your insurance needs.
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The Bottom Line on Car Insurance for a Stored Car
If you have a car with current registration, your state may insist that you carry insurance even if the vehicle is in storage. If you intend to keep your car off the road for an extended period, you may want to cancel your registration.
While you will then be able to cancel your insurance payments without hearing from the state, this may have repercussions. For example, you may have to pay an increased rate for car insurance in the future due to the lapse in coverage.
In most cases, it’s recommended to have comprehensive coverage to protect your vehicle from vandalism, storms, or theft while in storage. If your car has a lien from a finance company, the company will likely insist that you carry this type of coverage as well.
Frequently Asked Questions
Do you have to register a stored vehicle?
Yes, if your vehicle is still registered, most states require you to maintain at least minimum liability insurance coverage. Some states even mandate that insurance companies notify them if coverage is canceled. Consider checking your state’s specific requirements regarding registered but stored vehicles.
Can you get car insurance if the car is in someone else’s name?
Yes, you can typically get insurance for a car that is titled in someone else’s name. However, the insurance policyholder and the vehicle owner may need to be identified separately. It’s essential to discuss your situation with an insurance provider to ensure all legal requirements are met.
How much does it cost to add another car to an insurance policy?
The cost of adding another car to an insurance policy varies based on factors such as the type of car, coverage options chosen, and the insurer’s pricing structure. Generally, adding a vehicle to an existing policy can result in multi-car discounts, which may reduce overall costs.
What is covered under USAA roadside assistance?
USAA roadside assistance typically covers services like towing, jump-starts, tire changes, lockout assistance, and fuel delivery. The exact coverage details may vary by policy, so it’s advisable to review your specific policy terms or contact USAA directly for precise information.
Will my Progressive insurance cover me if I drive someone else’s car?
Progressive’s coverage for driving someone else’s car depends on your policy specifics. Generally, if you have permission from the car owner and you’re not a regular driver of the vehicle, Progressive may provide coverage through the owner’s insurance policy. It’s recommended to review your policy or consult with Progressive to confirm coverage details before driving another person’s car.
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Enter your ZIP code below to view companies that have cheap car insurance rates.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.