Storage Insurance For Vehicles: What is parked car insurance?

Storage insurance for vehicles is comprehensive-only auto insurance, and is also known as parked car insurance. Comprehensive insurance rates average only $12/mo. It's better to put storage insurance on a car than to remove a car from your auto insurance to keep it protected. You need insurance on a stored car in case of theft, fire, or vandalism.

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Sara Routhier, Managing Editor of Features and Outreach, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming worl...

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Cynthia Lanctot is an insurance professional with ten years of industry experience. Cynthia is licensed in several states, and holds an associate in claims law, as well as a bachelor’s degree in English. Cynthia’s experience includes the New England and Northeast states. She currently works as a liability claims professional and an occasional online contributor.

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Reviewed by Cynthia Lanctot
Licensed Agent

UPDATED: Dec 31, 2020

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Food for thought

  • If you want to suspend auto insurance temporarily, you can purchase parked car insurance.
  • Parked auto insurance is often referred to as comprehensive-only auto insurance.
  • Insurers usually require proof you have another vehicle for day-to-day use before they will sell storage auto insurance.

Do you need storage insurance for vehicles you won’t be driving for a prolonged period of time? If you won’t be driving it, you won’t likely be in an at-fault accident. But the problem is that damage can still occur to the vehicle when it’s parked in a garage or storage shed.

Do I need insurance for a stored car? It’s always a good idea, and many insurers offer special comprehensive insurance just for your convertible that won’t be out all winter or the car of a military officer who will be deployed for an indeterminate amount of time.

To get free quotes for parked car insurance and learn more, enter your ZIP code above. You’ll get free quotes from multiple auto insurance companies to compare.

How much is parked auto insurance?

What is parked car insurance? You can pause your auto insurance if it’s going to be in storage for a while. If you want to suspend auto insurance temporarily, you have the option of parked auto insurance.

To do this though, you will not be able to drive that vehicle at all for the duration of the suspension of liability.
Parked auto insurance is often referred to as comprehensive-only auto insurance.

You’ll save money too. Let’s look at the average comprehensive rates. This information comes from the National Association of Insurance Commissioners.

Average Annual Comprehensive Auto Insurance Coverage Rates by State
StatesAverage Annual
Comprehensive Rates
Oregon$89.66
Maine$96.66
California$99.29
Hawaii$100.09
New Hampshire$103.03
Washington$104.11
Utah$106.57
Florida$110.12
Idaho$110.78
Ohio$112.74
Delaware$113.23
Indiana$115.02
Nevada$116.79
Illinois$117.98
Vermont$118.31
Rhode Island$122.17
North Carolina$123.00
New Jersey$123.18
Connecticut$126.02
Wisconsin$126.34
Massachusetts$128.92
Virginia$129.89
Kentucky$130.15
Pennsylvania$132.01
Tennessee$135.62
Alaska$141.08
Alabama$146.28
Maryland$146.77
Michigan$147.02
Georgia$153.61
New York$156.66
Colorado$158.34
South Carolina$165.38
Missouri$166.34
New Mexico$166.89
Iowa$171.58
Minnesota$173.04
Arkansas$183.36
Arizona$184.20
Texas$186.70
Mississippi$194.74
West Virginia$195.04
Montana$199.87
Oklahoma$201.56
Nebraska$206.24
Louisiana$208.59
Wyoming$222.86
North Dakota$227.64
South Dakota$228.59
District of Columbia$230.25
Kansas$230.65
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Typically, the only way insurers will sell storage auto insurance is if you can prove you have another vehicle in the home that is for day-to-day use.

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Why do you need comprehensive auto insurance?

Comprehensive coverage is important for a stored car. If you don’t have coverage at all, that can really put you in a bind. What do you do if your car is stolen?

This video from Allstate touches on some of what comprehensive insurance covers.

What if your car is hit in a parking lot and someone drives off?

Comprehensive covers these scenarios as well as several more like:

  • Hitting a deer
  • A limb falling on your vehicle while it’s in the driveway
  • Vandalism
  • Damage from a natural disaster or fire

And what happens if you’re hit by an uninsured driver? You’ll have to take care of the damages yourself, and it’s not unlikely. The Insurance Information Institute (III) estimates that one in eight drivers in the country is uninsured.

Can you put storage insurance on a car with a loan?

Most lenders require you to carry full coverage auto insurance for the duration of the loan. Storage insurance does not meet the requirements of full coverage, so it’s not likely you’ll be able to get this on your financed car.

Another thing to know about this is that, if you don’t have full coverage on a leased car, your lender can purchase force-placed insurance for your vehicle.

The Consumer Financial Protection Bureau explains force-placed insurance as coverage that is purchased by the lender to cover their own interests. You’ll still need to purchase your own coverage, and it’s important to note that the force-placed insurance will be added to the cost of your loan.

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Frequently Asked Questions: Storage Insurance For Vehicles

We’ve added a few more FAQs below.

How do you stop auto insurance?

Many auto insurance companies allow you to cancel your policy at any time. Simply call and ask them how to stop your car insurance. If you have parked car insurance, Geico and other major insurers will allow you to cancel your policy if needed.

And your car storage insurance with Geico or State Farm will allow you to upgrade to full coverage when you’re ready to go for a drive soon.

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How do you remove a car from an insurance policy?

If parked car coverage isn’t for you for whatever reason and you really want to completely remove insurance from an owned car, it is usually an option. You’ll need to notify the DMV that the car isn’t going to be operated.

Then it varies by state. The California DMV gives you the option to file the vehicle as Planned Non-Operable (PNO).

Once a vehicle is filed as PNO:

  • You can’t move it at all without a placard
  • You can’t park the car in a public area
  • You can’t tow the vehicle

That really restricts the vehicle, so it should only be used if you absolutely know it will not be touched for an extended period of time. You should also receive a refund for a portion of registration fees you’ve paid.

Other states are different. For instance, the North Carolina Department of Transportation requires you to turn in the car’s license plate before dropping liability coverage.

Get comprehensive coverage for your stored car. Enter your ZIP code below to get FREE quotes from multiple insurers.

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