Less car usage means there are lower risks, which in turn means cheaper insurance. Even if you are one of those people who don’t spend enough time on the road, having auto insurance is important. Many people often struggle with the basic question: if you are not using your car, what is the point of car insurance?
You should try to maintain car insurance even if you are an infrequent driver. According to the law, if you don’t maintain, you could be obligated to pay the penalties. Car insurance for a car you rarely drive is cheaper than the standard policy.
You cannot remove auto insurance just because you are not using your car, and it is not at any risk. You should have auto insurance at all times, and the state’s law requires it. You should also remember that if you don’t use your car often, you are qualified for usage discounts and programs.
Do Infrequent Drivers Need Insurance?
If you are not using your car, do you need auto insurance? This is the one question that a lot of people often ask. There’s a compulsory Insurance law in almost every state, and as long as the car is registered in your name, you have to maintain it and follow the rules of law.
The amount in case of any damage is extremely low. It can be easy to go without car insurance, but there’s a chance that you can get into heavy legal issues. According to the sources, around 13% of drivers are uninsured.
If you drive your car without insurance and get into any trouble or accident, then you have no protection to safeguard yourself or your car. You can also lose your license.
Can You Put Auto Insurance on Hold?
You can also put your Insurance on hold, which is known as suspending your Insurance. The company will not pay any liabilities, medical payments, collisions, and more. Limit your comprehensive coverage if you feel like protecting your car when you’re not using it. When you need more coverage, you can activate your policy.
How to Suspend Your Car Insurance?
Suspending your car or parked insurance is the same. It is nothing but a deduction in your coverage. If you are sure that you are not going to drive your car for a really long time, then canceling or suspending your car insurance is a great idea. It could be money-saving for you. If you don’t drive your car frequently, you should get low rates of car insurance.
You can easily cancel your insurance but it is much better if you suspend it. Some of the benefits of suspending your car insurance are:
1: You can keep your Insurance intact without the fear of saving money on full coverage.
2: You will receive all the loyalty benefits when you reactivate your coverage.
3: Applying for a new policy is much more difficult than activating your Insurance.
4: While the car is in storage, you can still keep the physical damage coverage on your car.
Full Coverage Car Insurance for Infrequent Drivers
One of the best things that you can do is get full coverage car insurance. The coverage will depend on how much protection is needed for your car. Different factors are needed, like the year, the model, and the deductive you choose. Depending on your needs and requirements, your full coverage car Insurance might differ from someone else’s full coverage.
There are a few limits that you are required to follow as per the state-required coverages. There are also optional coverages available. Some of the common car Insurance that is needed by states are:
1: Liability coverages: The liability coverages are mostly required by every state, including bodily injury and any damage to the property. They will provide you with the essential protection for your safety and car.
2: Uninsured/Underinsured Motorist Coverage: Uninsured motorist coverage gives you protection if you are in an accident and another person has no insurance. It will provide you with protection against it.
3: Medical Coverages: Medical coverage is one of the common Insurances. It will protect your medical expenses as well as the passengers. There is additional protection that is provided but not by the state.
4: Collision Coverage: Collision coverage is also widely used as it covers you when you are hit by another vehicle. It does not matter if it is your fault or not it will provide you with protection irrespective of that.
5: Comprehensive Coverage: Any damage to your vehicle comes under comprehensive coverage. It will provide protection in case of theft or vandalism to your vehicle. You can also have your car insurance policy personalized according to your needs and demands.
List of Auto Insurance Companies for Infrequent Drivers
Many car insurance companies offer insurance at lower rates. Below is the list of companies for auto car Insurance:
1: USSA: $935
2: GEICO: $1,086
3: State Farm: $1,149
4: Nation Wide: $1,313
5: Travelers: $1,316
6: American Family: $1,323
7: Progressive: $1,519
8: Farmers: $1,904
9: Allstate: $1,997
You must choose the right set of Insurance for yourself. Also, infrequent drivers have to pay less for their auto insurance than frequent drivers do. You might not need a lot of insurance if you are an infrequent driver, but you need to have a sufficient amount to ensure your and your car’s safety.