I'm traveling for a month, do I need car insurance?

Question

I'm going to be traveling for a month, during which nobody will use my car. My insurance expires right before the month starts, and I want to switch providers after that, but is there any good reason to continue paying insurance for that month at full rate when nobody's even going to touch the car?

Or, is there another way I can save money?

Answer 1

You can, depending on the state, you can reduce coverage to comprehensive only, which would give you fire, theft, vandalism, glass, etc coverage.

If your state requires your car to be insured as long as it is registered, you cannot take liability off of it unless you turn in your plates.  When you come back, you have to reregister it to get new plates & pay the registration fees again.

Also, some insurers require continuous coverage to get a better rate.  If you cancel your policy for 30 days, you may end up paying a higher rate with the new insurer & also, if you stay with the same company, they may charge a higher rate.

If you do decide to take coverage off of the vehicle, make SURE, NO WAY NO HOW anyone else can drive it for ANY reason.  Do not leave the keys where someone can find them.

Now, if you are wanting to rent a car while you are travelling - this applies to US auto policies - and you are travelling within the US, Canada or US possessions & territories, if you cancel your auto policy, you will have no liability to extend to a rental & you will have to buy the liability coverage on the rental car (which I am sure will be more than the money you would save by cancelling your insurance for a month).  

If you want to save money on the insurance, increase your comprehensive and collision deductibles.  Or, if you know the car will NOT be moved, at all, you may take collision coverage off.  If you have a loan, you have to check with the loan company to see if they will allow this (they will get a copy of the policy showing the change).  

If you remove coverage, be sure to add it back BEFORE you drive the car again.

Answer 2

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Answer 3

No, no need.  But the car MUST remain parked during the time it is not insured.  -Take it off the road to prevent vandals from doing their thing or vagrants living in it.

Answer 4

If you live in California and your car is not going to registered Non Op then the DMV will suspend your vehc. registration if your insurance expires. Futhermore if you are financing your car your loan company can put their own insurance on your car which is ALOT more then if you just renew..

Answer 5

Depends on a lot of things.

When we travel out of the country for months at a time, I simply call my insurance company and place any vehicles not being driven in suspense.  That way, the state won't get notified that those vehicles do not have insurance and I don't have to pay for those months insurance coverage since they won't be driven or on the street. When we return, I call them up again and re-instate them on the policy again.