However, if you are not going to use your vehicle in the garage for at least 30 days, we can suspend the insurance. You may be able to suspend some or all of your car insurance if you're going to be off the road for an extended period of time, depending on the state and the insurer. Comprehensive and collision coverages are optional across the country, so you can remove them at any time if you don't have a loan or lease for a car. Depending on your state, you may need to file an affidavit of non-use to notify your state that you will not use your vehicle on public roads.
If the premium reimbursement offered by your auto insurer isn't enough to improve your financial situation, there are other steps you can take with your car insurance policy to try to save money during the COVID-19 crisis. Reducing the annual mileage you deposit on your car can cause your rates to be discounted when you renew your car insurance policy. Like an FR44, an SR22 is a certification provided by your insurance company that verifies that you have an insurance policy that meets Florida's minimum auto insurance requirements. There may be better ways to save money on your monthly expenses than to suspend your car insurance.
If you completely stopped driving during the COVID-19 pandemic, it's tempting to save money by not paying your car insurance premiums. However, canceling your car insurance policy completely can leave a lapse in your history, meaning you'll pay more for car insurance in the future. The final insurance policy premium for any policy is determined by the insurance company upon application. Once your insurance is in order, contact your state's BMV or DMV to verify that your car registration is still valid and send all the necessary documentation with your updated insurance details.
If you plan to take your car off the roads for some time and don't have a lease or loan, you can suspend some car insurance coverages to save money, without completely canceling your policy. Stephanie Nieves was an editor and insurance expert at Policygenius, where she covered home and auto insurance. Next, contact your insurance company to temporarily suspend all or part of your insurance coverage for the period you are not going to drive. In a no-fault state, every person injured in a car accident files a claim with their own insurance company and depends on their coverage to pay for their medical expenses.
If you want to save money on your policy, contact your car insurance company and let them know that your vehicle won't be in use for four months, which will reduce the miles you accumulate in your vehicle. However, if you pay your premiums month after month, you will only be reimbursed for the remaining half month if you decide to cancel your car insurance policy after you have paid that month.