What Does It Mean to Suspend My Car Insurance Coverage?
- Fire
- Theft
- Vandalism
- Glass breakage
Why or When Would I Put My Car Insurance on Hold?
The most common reason for suspending auto coverage is if your vehicle will not be in use for 30 or more days, eliminating the risk of an accident. 30 days is typically the minimum amount of a time car insurance can be put on hold for.
- You are a snowbird traveling without your vehicle for the winter season
- Your child is away at college or studying abroad and won’t be using the car for a sustained period of time
- You are taking a vacation that’s longer than a month
- You choose to store your vehicle during the colder months to avoid winter wear and tear
Usually, there is no limit to how many times you can suspend your coverage.
Can I Suspend My Children’s Vehicle and Not My Own?
Yes. If you have a child who won’t be needing their car for more than a month, you can suspend the coverage on just their vehicle while keeping coverage for the rest of your policy in tact. But remember: if a car has suspended insurance coverage, it should not be driven at all.
Can I Suspend My Coverage If My Car Is Leased?
The answer depends on your insurance company and policy. Some don’t allow it at all. Others allow it as long as your
leased or financed car still meets your lienholder requirements of having comprehensive and collision coverage on your policy.
Are There Coverages I Should Keep When Suspending My Car Insurance?
Ultimately, it’s a personal decision based on your lifestyle and what you’ll be doing. Your insurance company can tell you if there are any coverages or benefits you can still retain and why you may consider doing that.
