If you own a car, you know that car insurance is a must-have. But what if you have a car that you don’t drive often? Do you still need to have insurance? The answer is yes, and it’s called parked car insurance.
What is Parked Car Insurance?
Parked car insurance is a type of insurance that covers your car when it’s not being driven. This could be when your car is parked in your garage, on the street or in a parking lot.
Why Do You Need Parked Car Insurance?
Even if your car is not being driven, it can still be damaged or stolen. If you don’t have parked car insurance, you will have to pay for the repairs or replacement out of your own pocket.
How Much Does Parked Car Insurance Cost?
The cost of parked car insurance varies depending on several factors. These factors include the make and model of your car, where you live, your driving record, and the coverage you choose.
Factors That Affect Parked Car Insurance Rates
Here are some factors that can affect your parked car insurance rates:
- The make and model of your car
- The age of your car
- Where you live
- Your driving record
- The coverage you choose
How to Get Parked Car Insurance
To get parked car insurance, you will need to contact your insurance company and let them know that you want to add parked car insurance to your policy. They will provide you with a quote based on the factors mentioned above.
Types of Parked Car Insurance Coverage
There are several types of parked car insurance coverage that you can choose from:
- Comprehensive coverage: This covers damage to your car from things like theft, vandalism, and weather-related incidents.
- Collision coverage: This covers damage to your car from a collision with another car or object.
- Liability coverage: This covers damage to another person’s car or property if you are at fault in an accident.
How to Save Money on Parked Car Insurance
Here are some tips on how to save money on parked car insurance:
- Choose a higher deductible
- Pay annually instead of monthly
- Shop around for the best rates
- Bundle your insurance policies
Conclusion
Parked car insurance is important if you want to protect your car from damage or theft while it’s not being driven. The cost of parked car insurance varies depending on several factors, but there are ways to save money on your premium. Contact your insurance company today to learn more about parked car insurance and how it can benefit you.
