With cars in garage which are not being used, you still have to buy a car insurance for them. It can be a vehicle which once used by your teen when in college or a sports car which is occasionally used or a vehicle being damaged awaiting repair. All these will need a car insurance and yes you need to know how to minimize your premium rates on them.
Every state demands its driver to own an insurance with minimum liability requirements. If you want to escape, there are verification programs which will detect that your car is not insured and hence a heavy fine. Your state will decide your policy minimum limits on bodily injury and property damage. For example, Minnesota requires you to buy 30/60/10 coverage ($30,000 per person, $60,000 per accident and $10,000 for property damage) With high limits, it will be higher premium. However, with no fault insurance states, it works differently. The driver has to claim under his own policy and not under the other driver’s policy. This happens through Personal Injury Protection, which covers injuries.
Want to Cut The Cost ?
Even if the state mandates some coverages, there are ways in which you can bring down the costs. Consider collision and comprehensive coverages. Collision works when your car collides with another car or an object. Comprehensive works when your car is hit by perils. However, if the car is unused for a long time then these coverages will not be worth having and will just be waste of your money. Your car price also matters in buying these deductibles. A car of high value will have a benefit when any collision occurs than a car of lesser value.
An option which is becoming popular is “Pay as you drive”. You will be paying premium only for the miles driven. It is a special reward for those vehicles which are unused are not being used frequently. This definitely puts your car insurance premium to lower rate.