FREE Insurance Comparison

Call (855) 425-8122

for FREE insurance quotes by phone
Insurance | Free Online Insurance Quotes

Compare Insurance Quotes!

Compare Quotes from Top Companies and Save

Can you suspend your car insurance?

The lowdown...
  • Choosing to suspend your insurance coverage is an option that you may exercise with your provider
  • It’s crucial that you remember that when you suspend coverage you will be entirely responsible for any losses
  • Your insurance provider will no longer be covering any financial liability you may encounter and is under no obligation to honor any claims you may file
  • If your car is being stored off the road for a period of time, you may want to see if storage coverage is an option from your provider
  • Whatever your case may be, speak to your insurance provider about your options before suspending your coverage

There can be times when you decide that suspending your car insurance is an option you want to pursue. If you are storing your car for a period of time, whether just off the road or in a secured storage location, you may decide that suspending coverage is your best option.

You may also decide that owning a car is no longer in your cards, so suspending your coverage until you purchase a new one may be an option. Whatever the reason you decide to suspend coverage, there are a couple things you will want to consider.

If you decide to keep coverage, compare rates side-by-side to make sure you’re getting the best rate. Try our free comparison tool today.

Keeping Your Coverage Active

AdobeStock_1298080-1600x1600

There are times when keeping your insurance coverage active may be your best option, even in scenarios where suspending coverage may seem to make more sense. If your car has

If your car has a value that’s worth insuring, for instance, you may want to keep your policy active. Keeping coverage may be your best choice if you have a vehicle that is in one of the following categories:

  • newly acquired
  • exotic
  • ¬†foreign
  • classic

Anytime your car is worth more than you purchased it for, having your policy active can cost a fraction of the amount that a loss may end up being.

Another instance where keeping your policy active is a good idea is when you are only storing your car off the road for a short length of time; a few weeks to a month for example.

This could happen when you are doing work on your car or upgrading it, and it may be a better option to keep your coverage active in case of any unforeseen loss.

If this describes your situation, choosing a storage coverage insurance policy may be the way to go.

This type of insurance coverage is traditionally comprised of comprehensive coverage, a coverage option that protects your vehicle from damages that aren’t caused by a collision.

This protects your car when the following happens:

  • hail damages your car
  • a tree branch breaks a window
  • an animal damages your car
  • other non-collision losses

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

Insurance Options Other Than Suspending Coverage

There are different reasons you may choose to suspend your insurance coverage, some of these occur when you no longer own a car of your own. If this is your situation, you may want to consider looking at non-owner car insurance instead of suspending your coverage altogether.

Non-owner car insurance is a coverage that provides you with liability protection for cars that you may rent, borrow, or use but do not own.

This coverage option is normally available to you without having a car of your own, though different insurance providers have different stipulations and qualifications before they’ll provide coverage.

Choosing a non-owner car insurance policy may be a good option if you want to prevent a gap in your insurance history.

Potential Negatives To Suspending Coverage

adobestock_50705960-1600x1600

One potential consequence of suspending your coverage may be the non-renewal or cancellation of your policy. Your car insurance provider may decide, if your policy is suspended long enough, to completely cancel or non-renew your policy.

If your policy is canceled or non-renewed, this can create a lapse in your insurance history. Future insurance carriers may look at this as a negative occurrence, making it harder for you to obtain coverage or low premium rates in the future.

If you attempt to reinstate your coverage in the future, your current provider may be unwilling to reinstate your coverage, making it harder to obtain coverage from a different provider in the future.

Also, if you suspend your coverage, you have to remember to reinstate or active coverage before taking your car on the road.

If you fail to reinstate your coverage before taking your car onto the road and are involved in an accident, you will be solely liable for any property damage or bodily injury you cause.

Your insurance carrier is not obligated to cover any portion of the loss if your coverage is suspended at the time of the incident.

Operating your car without having active insurance is an example of a serious, possibly illegal, violation. In almost every state, it is required that you have active car insurance that meets any state-required minimum limits before you operate a vehicle.

If you do not carry active coverage, you may face large fines, a violation on your driving record, or other adverse effects.

Conclusion

AdobeStock_83230289-1600x1600

Carrying an active car insurance policy is often a requirement, so choosing to suspend your coverage is something you should fully consider before acting upon.

If you choose to suspend your coverage, it’s important that you speak with your insurance carrier before proceeding so that you can understand how this suspension will affect you in the present and the future.

Remember that there are other options available if suspending your coverage does not seem right. You may want to consider storage coverage, which may protect your car in the event of an unforeseen loss while it’s being stored.

Without an active policy, your provider is under no obligation to cover any portion of your loss.

Also, having a lapse in your insurance coverage may make it harder to obtain coverage in the future. If you have a lapse, your current provider may be unwilling to reinstate your previous policy.

Additionally, future providers may be hesitant or unwilling to provide you with coverage if the lapse in coverage has been for an extended period of time; meaning you may have to look at alternative insurance carriers to meet your needs.

Compare car insurance quotes and save today.

Compare Insurance Quotes!

Compare Quotes from Top Companies and Save