Some people end up in a situation where it makes sense to leave a car in storage for an extended period of time. Perhaps you began working remotely and no longer need the transportation. Or maybe you are temporarily moving abroad and want your car to be available for your return. Many people in this situation wonder if they can save money by canceling their auto insurance. As it turns out, this might not be such a good idea. Here is why you should always insure your car—even if it’s in storage.
Accidents Can Still Happen
You might be wondering how accidents can occur even if your car isn’t being driven. But the truth is that your vehicle is always at risk of damage regardless of whether or not someone is behind the wheel.
Cars parked on the street (or even in your driveway!) are vulnerable to all manner of damage, especially as a result of the weather. A hurricane or other strong storm could knock a tree branch onto your car. Parts of our area are prone to sudden and unpredictable flooding, which can wreak havoc on your vehicle’s electrical system.
Even if you’re parked in a secure garage, your car is not completely safe from damage.
Prone to Theft
When most people think of auto theft, carjacking is what comes to mind. But it’s not at all uncommon for individuals to steal unoccupied cars on the street or in a garage. In fact, thieves may actually be drawn to your vehicle precisely because it is not being used, in the same way they may target a home when they can tell the owners are on vacation.
There are a few things you can do to prevent auto theft on a car in storage. Here are a few ideas:
- Park in a well-lit area with security cameras
- Install an alarm system in your vehicle
- Invest in a steering wheel club
Still, none of these anti-theft measures can guarantee the security of your vehicle.
What Can I Do Instead?
It’s understandable that you wouldn’t want to continue paying your full monthly insurance premium on a vehicle you won’t be driving. But your car is still at risk of damage regardless of whether or not it is in use. Is there a better option for you?
If you’re in this situation, then you should ask your insurance broker about comprehensive-only coverage. If your insurer offers it, you might be able to save money by forgoing coverage for collisions while driving, but still protecting your car from the kinds of damage it might sustain while in storage. You may be able to save money while enjoying the peace of mind that comes from knowing your vehicle is protected.
Get in Touch with Wachter Insurance
Whether you need homeowners’ insurance or auto insurance, our team at Wachter Insurance Agency, Inc. is here to help. We offer all of our clients competitive rates, professional customer service, and a huge range of policies to choose from for your needs. We have been serving Maryland, West Virginia, Virginia, Pennsylvania, and the District of Columbia since 1969, and we would love to help keep your home and family safe every day of the year. For more information, give us a call at (301) 371-6335 or visit us online. For more blogs like these, follow us on Facebook, Twitter, and Pinterest.