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Q

My vehicle has been off of the roadway and uninsured for several months. When it was in use, I put less than 500 miles on it a year. Can I get storage insurance or something that will keep my car insurance costs down?


A

Your question in full: I've had my truck off the road for eight months and the insurance has lapsed. Now I would like to at least get insurance back on it, so it's available once in a blue moon when it would be nice to have a truck. What I was wondering is if I could get storage insurance or something like it if I keep my miles really low. I think the last year I had it on the road I put less than 500 miles on it.

Storage car insurance isn't widely available. It's really meant for vehicles that are located in an actual storage facility.

Deployed military members and those that travel out of the country for many months, or years, and leave their vehicle stored use this type of coverage because the vehicle won't be used at all, but they want registration and insurance on it, or are required to keep insurance on it by a lienholder.

However, what you can do is look for cheaper car insurance rates based on the fact you don't drive that many miles annually in this vehicle.

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There are several car insurance companies that will rate your barely used truck as an occasional use vehicle, so you will pay less for its coverage than your daily driver.

With CarInsurance.com we have a few carriers, such as Travelers and Hartford, that offer this type of coverage. You can find out when getting your free auto insurance quote if they offer it in your area.

Even if occasional-use coverage isn't available to you, you still should be able to get discounted rates due to the low annual miles put on your truck. Annual miles are not always a rating factor, but many use it as one since the less you drive the less exposure you have to being in an auto accident.

Discounted rates for miles driven typically start at around 7,500 miles a year or even 10,000 miles a year and come with a saving of around 5 to 10 percent. With this vehicle being driven only 500 miles a year, you should definitely qualify for this discount with carriers that offer it.

Since you have been without insurance for a while, you will miss out on discounts for renewing with an insurer or continuous coverage.

Also, you hopefully took the registration off your vehicle while it was uninsured or your state may penalize you with fines and loss of your license or registration, which would make it hard for you to get car insurance again until they were reinstated.




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