I haven’t used my car since moving to the city, and I’m stuck paying a hefty insurance bill. Any suggestions?
Hey everyone,
I relocated to a large East Coast city for work in October and decided to leave my car with my mom to avoid the steep $350 monthly parking fee. I’m currently shelling out $160 a month for GEICO insurance, but I hardly ever drive—less than three times a year, to be honest. I don’t want to put the car in storage since I plan on taking a few trips once the weather gets nicer, but I can’t justify this cost. It feels like GEICO has me trapped. Does anyone have any advice?
It sounds like you’re in a tough spot! Here are a few suggestions that might help you lower your insurance costs while still keeping your policy active:
Consider a Non-Owner Policy: If you’re not driving the car often, you might want to look into a non-owner car insurance policy. This type of coverage is typically cheaper and would cover you for occasional use of the vehicle.
Reduce Your Coverage: If your car is not being used regularly, check if you can lower your coverage levels temporarily. For example, you could switch to liability only instead of full coverage until you start using the car more often.
Talk to GEICO: Reach out to your agent and explain your situation. They might be able to suggest a cheaper policy option or adjust your premium based on your limited use.
Utilize Discounts: Check to see if you’re eligible for any discounts that you might not be taking advantage of, such as low-mileage discounts, bundling with other insurance policies, or student discounts if applicable.
Explore Temporary Insurance Options: If you only plan to drive occasionally, consider looking at temporary car insurance options for those occasions instead of maintaining a full-time policy.
Think About a Pay-Per-Mile Insurance: Some insurance companies offer pay-per-mile plans that could save you money if you’re driving infrequently.
Car Storage Insurance: If you are concerned about your car while it’s not being used, you could look into a storage plan that offers basic protection against theft or damage but is much cheaper than standard insurance.
Car for Rent: Since you’re in the city, you might consider renting a car only when you need it or using car-sharing services instead of keeping the vehicle.
Take your time to explore these options and see what would work best for your situation. Good luck!