{"id":1137,"date":"2014-01-10T18:39:25","date_gmt":"2014-01-10T18:39:25","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=1137"},"modified":"2023-02-21T07:54:07","modified_gmt":"2023-02-21T07:54:07","slug":"need-car-insurance-stored-vehicle","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/auto\/need-car-insurance-stored-vehicle\/","title":{"rendered":"Why You Need Car Insurance for a Stored Vehicle"},"content":{"rendered":"

Maybe you\u2019ve just bought a new car and you\u2019re not driving the gas guzzler. You\u2019re thinking of selling it on Craigslist or restoring it\u2014when you find the time. But, it\u2019s important to be aware that not maintaining auto insurance<\/a> on a car you still own can bring problems you might not have considered.<\/p>\n

You Have an Outstanding Car Loan or Lease Agreement<\/h2>\n

Even if you\u2019re not driving your vehicle, the lender may require you to carry minimal coverage to protect the vehicle against damage or theft.<\/p>\n

State Requirements to Maintain Car Insurance<\/h2>\n

If your car is registered, almost every state requires you to maintain minimal liability insurance. Insurance carriers are required to alert the Department of Motor Vehicles when car insurance is terminated \u2013 you may be required to prove you are not driving the car once you\u2019ve canceled coverage. In addition, car registration is commonly accepted as proof of ownership, so it\u2019s a good idea to always keep your car registered.<\/p>\n

Vandalism, Natural Disasters, and Theft<\/h2>\n

Even though your car may be under lock and key, in addition to vandalism and theft, it can still be vulnerable to natural disasters such as floods or fire. To safeguard against these risks, you should keep comprehensive insurance coverage on your car.<\/p>\n

Property Damage and\/or Injury to an Individual<\/h2>\n

Picture a scenario where your parking brake fails and your car slides down a hill and smashes into something, or even strikes someone. Your car\u2019s liability insurance will cover bodily injury to others and property damage to other cars or fixed objects, such as a light post or a wall.<\/p>\n

Higher Future Premium Costs<\/h2>\n

If this is the only vehicle that you have insured and the policy is canceled, you\u2019re looking at higher premiums when you do need insurance coverage. A lapse in coverage triggers a red flag for insurance companies when determining premiums.<\/p>\n

Need an insurance policy for your stored vehicle? Get a low-cost policy through Freeway Insurance. Get a free car insurance quote<\/a> online\u00a0or call today at (800) 777-5620<\/strong>\u00a0to stay legal and properly protected.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Maybe you\u2019ve just bought a new car and you\u2019re not driving the gas guzzler. You\u2019re thinking of selling it on Craigslist or restoring it\u2014when you find the time. But, it\u2019s important to be aware that not maintaining auto insurance on a car you still own can bring problems you might not have considered. You Have […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[85],"importance":[],"type-content":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/1137"}],"collection":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=1137"}],"version-history":[{"count":5,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/1137\/revisions"}],"predecessor-version":[{"id":7697,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/1137\/revisions\/7697"}],"wp:attachment":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=1137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=1137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=1137"},{"taxonomy":"importance","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/importance?post=1137"},{"taxonomy":"type-content","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/type-content?post=1137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}