Can I suspend my auto insurance in order to save money?

It is very well known that everyone wants to save as much money as possible, especially when it comes to auto insurance. Keep in mind that auto insurance isn't just coverage for accidents that happen while your car is driven. There are various parts of your auto insurance policy that provide different services, so your question has a more complicated answer than you think. When people hear the term "auto insurance', people usually think of medical payments coverage, liability coverage, collision coverage, uninsured/underinsured coverage. Every single one of these coverages protect against certain aspects of potential automobile accidents.

Keep in mind that comprehensive coverage is also an important part of an auto insurance policy. Comprehensive coverage insures you against damage on your car caused by an event other than an automobile accident (while car is driven). This includes fire, theft, vandalism or flooding. Any of these things might occur while you're away. These risks can occur if your car is often parker outside. If your car is located inside a driveway/garage/parking lot, then your car has a smaller chance of being stolen or vandalized. If you are traveling for a long period of time without your car (2-12 months), then it is highly recommended that you keep your insurance.

If you are determined about suspending your insurance while you are away, contact your auto insurance agent and ask him if you can do so. Many states require that vehicles have a minimum amount of insurance coverage. Calling and asking will probably be a good idea. Keep in mind that comprehensive auto insurance coverage is recommended to have when something happens to your car. If you live in a dangerous neighborhood, it would probably be best for you not to suspend your auto insurance coverage while you are gone. If you are leaving for a short period of time (1 or 2 weeks), there is a smaller chance of something happening to your car. Remembering these factors is important when thinking about suspending your auto insurance coverage.