Comments on cancel your car Insurance

[Branson_N_Tucso]

We have been going to Yuma Az for 10 years now. We have in the past put our 2nd car at home in the garage. In the past we changed the policy on it to storage insurance. My question is why Can't I just cancel the insurance on it and place it back on my policy when return back home. Thus saving money for 6 months. The car will not be moved while gone. My home owners insurance would cover the contents of the house if any thing happen.

Our home is in Tennessee.

[steveh27]

I have AAA insurance. In Early Dec I park the rv and will not drive it for months. I have AAA cut all coverage except comprehensive which covers damage to a 'stored' vehicle. I reinstate full coverage when I head to FLA in late Jan. That's when I cut all coverage to my car except comprehensive and leave it in Michigan. This saves almost $100/month, course Michigan has the highest insurance rates.

[navigator2346]

Your car, you can do what you want with it.

[doxiemom11]

DownTheAvenue has the correct answer for you. and

An untagged, uninsured RV is not the same thing as a motorized vehicle when it comes to insurance and homeowners coverages.

[toedtoes]

crawford wrote:

Dutch_12078 wrote:
I don't know about TN, but in NY you would have to turn in the registration plates before you would be allowed to cancel the insurance.

Just how did TN get in on this I see nobody that said anything?

The original post states "our home is in Tennessee".

[crawford]

Dutch_12078 wrote:
I don't know about TN, but in NY you would have to turn in the registration plates before you would be allowed to cancel the insurance.

Just how did TN get in on this I see nobody that said anything?

[toedtoes]

Then you've got a bad rep. Mine has been great - three generations have worked with him and he's always gotten us discounts that are applicable.

[Rover_Bill]

1968mooney wrote:

MWJones wrote:
My question is: Why ask people on an internet forum an insurance question INSTEAD of asking your Insurance agent !!!!!

Reason is the Agent will tell you facts. Sometimes people do not want facts because it's not the answer they want. Ask it on the forum and you will get many answers, many of which are not factual but are the answers you WANT TO HEAR. :S

The Agent will tell you facts THAT BENEFIT HIS POCKETBOOK. For years my ALLSTATE agent kept sending me annual policy review reminders about extra cost policy features that they offered that I didn't buy yet. He did not tell me of all available discounts that I was entitled to (neither did ALLSTATE Company). I just found out that I was entitled to a $94/yr discount on my homeowner policy (55+ homeowner discount) that I've been paying for the past 15 yr. :M

[Trackrig]

obgraham wrote:
I have 2 identical cars -- one in the North and one in the South.

When we switch location, the other car gets "suspended" at State Farm, for all but Comprehensive. It drops to about $20 for 6 months, and one call to the agent swaps out the coverages instantly.

Yes, there is a lot of difference between suspended and canceld - CALL YOUR INSURANCE AGENT...........

Bill

[SidecarFlip]

Ozlander wrote:
If you can afford to go to Yuma, you can afford auto insurance.

+1...:h

[obgraham]

I have 2 identical cars -- one in the North and one in the South.

When we switch location, the other car gets "suspended" at State Farm, for all but Comprehensive. It drops to about $20 for 6 months, and one call to the agent swaps out the coverages instantly.

[Branson_N_Tucso]

Thanks for info. Car is out right paid for, but believe that I'll pay another 6 month storage fee.

[wa8yxm]

Branson N Tucson wrote:
e. My question is why Can't I just cancel the insurance on it and place it back on my policy when return back home. Thus saving money for 6 months.

Well there are multiple reasons why but I'm not an Auto Insurance agent so my information is a bit... questionable.

1 Some companies. if you are "uninsured" for so much as an hour they jack your rate like you can't believe.. Now I know you will still have insurance on other vehicles in force but you need to make sure that the car you drop does not get jacked on you.

2: other things can happen to the car.. Fire, Theft, natural disaster.

But different insurance companies may treat you differently here.

Storage level insurance on the car should not be that much.

[ferndaleflyer]

Couple of things above I disagree with. 30+ years ago a tree fell on my untagged and uninsured RV trailer and homeowners paid for it. When my son was in the Air Force over seas a limb fell on his untagged and uninsured truck in my back yard and once more homeowners paid for the damage. In our state at that time if you dropped the insurance you had to turn in the tags but when you picked them up once more you just renewed without any kind of monetary penalty. Thats of coarse if they were paid for.

[toedtoes]

Another consideration is that if you cancel your insurance, you will no longer will get any "loyalty" discounts. This could increase your vehicle insurance.

In addition, it could increase any other insurance you have with the same company.