Can you pause your car insurance when not driving it? Fortunately, you can. You can do so in several ways, including by filing affidavits with your state’s DMV or BMV. This notifies your insurer that you no longer intend to use your vehicle. However, before you do so, it’s important to understand the risks. If you are not planning to use your car for several months or years, you should contact your insurance provider to pause your policy.
First of all, you should know that auto insurance is required by law in the UK. This means that the only time you can pause it is when you switch policies, get rid of your car, or cancel it. However, some insurers also allow you to suspend liability coverage while not using your car. Unlike comprehensive coverage, this pause won’t affect your car insurance premium. Your liability coverage will still cover you if you’re at fault in an accident.
Another benefit of paused coverage is cost-effective car insurance. As the average cost of car insurance nationwide is $2,646, you may be able to save some money on your premium by not driving your car. In addition to paying less for car insurance, you’ll also be safer driving less often. Ultimately, you’ll save a lot of money. Just remember to make sure that you use your vehicle during the hiatus.