A common question for some drivers is for their cars in storage. Does one really need liability insurance for them? This could be a tough question, but you should go base the answer on some of the fundamentals in driving rules and state rules.
Everyone knows that most parts of the United States require drivers and vehicles to have liability insurance. This type of coverage protects the driver in accidents where there is injury to other person or damage to properties.
Liability coverage has been holistic more than ever. Bodily injury liability compensates people who have been injured in an accident. This includes hospitalization, rehabilitation, provides compensation for lost wages and it includes funeral expenses. Of course, the repair of the other driver’s vehicle you caused damaged with is also cover and also other inanimate objects like fences, sign posts, mail boxes and so on.
Now to the question of needing liability insurance on a car in storage, the answer really depends on the state where you live. Some states are quite clear with this rule even if the car is in storage. The rule perhaps is to maintain liability insurance on all vehicles even if you do not intend to drive it for some time. So the fact that they have been registered means they have insurance liability tag along – even if they are currently on the road or not does not matter.
The best place or authority to ask if this rule applies to your vehicle is from DMV or Department of Motor Vehicles. This department takes care of vehicle registration. You may get away with the cost if you avoid your cars registered. It could be a smart choice if you do lock your vehicle in a car garage. However, if you intend to leave it on open areas, say driveway or park then you probably want to have it registered – without registration means without license plates. So the moment you use the car, you will have to get one.
There are penalties for not insuring registered vehicles. This will depend on the policies set by the state. Also skipping insurance policies may lead to harder way to find insurance companies willing to offer you coverage.
Though you should know that there are some benefits if you stay with a company. Low mileage for instance can help reduce your premiums over time if you store your vehicles most time of the year.
For more information about car insurance rates, please visit http://autoinsuranceratesquotes.net/.