Since Im not going to use my car for two months, can I stop paying car insurance?
Usually companies call it a “storage plan” or something similar. It effectively strips your insurance of everything except comprehensive coverage (to cover fires, theft, vandalism, etc). The big drawback to this is it has to be garaged – no one can drive it, and leaving it in a parking lot is usually not acceptable. Some companies insist that it remain garaged at your residence or in a storage facility. All the large companies have it in some form, although there may be a few that do this only for military. Your agent should be able to tell you if that’s possible with them, and give you a quote for it before you make the decision. If you can’t do that, then I second the idea to lower it to the minimums. If you’re sure nothing will happen and you can leave it in a safe place, or it’s not worth much, you may just want to go with liability only. However, when you come back and want to raise the limits again, expect the company to want to do a visual inspection as lowering and then raising
Here is the CT DMV’s page on insurance requirements.”Whenever insurance coverage is cancelled, the DMV is notified by the insurance company and the registrant is mailed a Warning Notice offering the opportunity to enter into a consent agreement, obtain insurance, and pay a fine of $200. … Failure to comply with the warning notice will result in the mailing of a Suspension Notice. At that time, a hearing may be requested. An adverse decision following an administrative hearing will result in Suspension of registration [and] Loss of all privileges to renew or register ANY motor vehicle.”So just canceling your policy is a bad, bad idea. There are two legitimate ways to go about reducing your premiums: What if I am not using my seasonal vehicle and wish to retain my marker plates? Request in writing through your insurance carrier “suspension of liability.” Be sure to keep comprehensive coverage during that time which reduce
