Many people head for the sunshine states at the first sign of cold weather. Several will hop on an airplane and won't be seen again until the flowers begin to bloom. These people leave behind homes and also vehicles.
Car insurance is being paid on a car that isn't being used. It is true, much of what is paid into insurance is there to protect you in the event of an accident. Nevertheless, some of it is also present in the event that damage is brought to your car.
A number of things must be measured in an auto insurance policy. These include collision; liability, uninsured/underinsured motorist coverage, and comprehensive coverage. Excluding comprehensive coverage, the bulk of the policy is there in case of a wreck.
Comprehensive shields your motor vehicle from vandalism, flooding, fire, and theft. These things can happen even if the car is parked away in a garage while you are gone for the winter months.
It is a good idea to speak with the representatives from your insurance company and ask them a few questions. It may be possible for you to simply suspend a portion of your policy while you are away. Simply not paying anymore should not be considered.
Many states will not permit this type of action. By law, there is a legal minimum for drivers in regards to their car insurance. Therefore suspending it would almost be like cancelling it in some areas.
Once it was time to reinstate your insurance you would have many headaches involved. There are a number of agencies that will not permit this.
Full coverage insurance is necessary for cars where there is an outstanding loan. This means that you would also have to contact those that you carry your loan through. See what provisions, if any, can be made.
Even if you are rejected, follow through with your payments anyways. This will cause even bigger concerns afterward. Any period without coverage makes it tough to get it back again. Your credit report will reflect this decision. Plus, you probably won't have the equivalent payments that you had up to that time.
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