How can I insure a car that won’t be used?
I’m in Arizona and planning to purchase a second car for backup in case my current vehicle has any major issues. My intention is to keep it parked in our driveway for the time being and only activate driving insurance when I actually need to use it.
What insurance options would you recommend for this situation?
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To insure an unused car in Arizona, you have a few options to consider:
Comprehensive Coverage: You can purchase comprehensive insurance coverage for the unused car. This protects your vehicle against non-driving risks like theft, vandalism, and natural disasters. It’s usually affordable since the car won’t be on the road.
Non-Owner Policy: Some insurance companies offer non-owner car insurance, which is designed for people who do not own a car but occasionally drive. However, in your case, since you’ll own the car, this may not apply.
State Minimum Insurance: You may want to consider getting the minimum liability coverage required by Arizona, which will keep the car legally insured while it’s parked. This might be the most cost-effective solution if you don’t plan to use the car frequently.
Cancel or Suspend Insurance: Some insurance companies allow you to suspend your coverage while the car is not being used. This could save you money as you won’t have to pay for full coverage while the car sits idle.
Notify Your Insurance Provider: Before making a decision, it’s essential to contact your insurance agent or provider. Discuss your situation and get advice on what plan works best for your needs. They can give you specific details about options for insuring a vehicle that’s not in use.
Keep Up Maintenance: Even if the car is not being driven, regular maintenance is important. Ensure to check the battery, tires, and fluids periodically to keep the vehicle in good condition.
When you’re ready to activate driving insurance, just reach out to your insurer to adjust your coverage accordingly. Good luck with your second car!