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Car Insurance for Your Stored Vehicle

Written by Michele Wilmonen. Posted in Research Last Updated: 10/01/2015

There is a right way and a wrong way to treat the car insurance on your stored vehicle.

car insurance for stored vehicles

What car insurance do you need on your stored vehicle?

Right now almost all of us are enjoying the beautiful fall colors that are appearing outdoors, making it the perfect time to take out those classic vehicles and other special cars for a drive. But that also means that in the not too distant future that the snow and ice are going to start making their appearance.

If you store your vehicle for the winter to protect it from the elements, did you know that you can actually decrease your insurance coverage for the time that your vehicle is in storage and not being driven?

What Car Insurance Do You Need?

If you put your special vehicle in storage for the winter and you don’t have a lienholder, you actually don’t need to have any insurance coverage on it. Of course, if you love your vehicle enough that you are putting it safely in storage for the winter, going without all insurance coverage is probably something you are not going to want to do.

To protect your vehicle just in case something happens to it while it is being stored, you are going to want to keep comprehensive and collision coverage. The comprehensive coverage will pay for any damage to the vehicle if something were to fall on it while it was in storage. The collision coverage will cover any damage if the brakes were to disengage or something else caused the vehicle to roll and hit something. Collision coverage will also protect your vehicle if it is struck by another runaway vehicle while it is parked in storage.

Don’t You Need Liability Car Insurance?

Liability car insurance is required by state law in pretty much all states. However, if you are storing your vehicle and not driving it you are exempt from having to have liability car insurance on your vehicle. There is just no reason to have this coverage because there is no danger of you causing property damage or injuries with a stored vehicle that you are not driving.

Unfortunately, in most states it’s not just a matter of calling your car insurance agent and asking them to decrease your car insurance. In many states you will actually have to turn in your license plate to the DMV for the time that your vehicle is stored. If you aren’t sure what your state requires, your car insurance agent will be able to advise you.


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Michele Wilmonen

Michele’s first introduction to insurance was working for a major insurance company as a file clerk and a mailroom supervisor in a regional office. She learned insurance directly from underwriters and claims adjusters from questions and also watching them do their job. Since then, she’s earned a number of insurance certifications from the Insurance Institute of America and also a Bachelor’s degree from the University of Idaho. She blogs at Car Insurance Guidebook.

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