6 reasons to renew your auto insurance policy even if you’re not using your car during lockdown

Author : Owen Levi
Publish Date : 2020-11-23


6 reasons to renew your auto insurance policy even if you’re not using your car during lockdown

Having car insurance for an active vehicle is not just mandatory, it’s also just a good idea. Whether you’re using your car daily to drive to work or just occasionally, it has to be insured.

You might be wondering if you need to renew your insurance if you won’t be using your car in the next several months. Because of Covid-19, many countries around the world are once again locking down and transitioning many people back to working and studying from home. If you’re in a similar position, even affordable insurance can seem like a waste for a vehicle you’re not using.

Here are 6 major reasons why you should renew your car insurance even if you don’t plan on using your car during lockdown:

1. Loss of No Claim bonus

Everyone wants to have affordable insurance for their vehicle and the No Claim bonus plays a big role in driving your motor insurance premiums down upon renewal. Different car insurance companies have slightly varying policies on their No Claim bonuses but it will usually lower future premiums anywhere between 20% and 50%. To be eligible, however, you’ll need to renew your insurance before its expiry date.

2. Fire, accidents, vandalism, or theft

Even when your car is just sitting in the garage, it’s still not safe from accidents. From fire to vandalism, your car will not be covered for any damages that occur while you are uninsured, and often the cost of paying for these things out of pocket will be much higher than your monthly premium.

3. Winter weather damage

Winter weather can be very harsh on vehicles. While road salt corrosion is the biggest complaint of most car owners, there are many issues that can arise off the road as well, such as the hardening of your car’s rubber belts and hoses, a dead battery, fluid problems, frozen gas lines, tire pressure, and more. Taking good care of your car in the winter is a must for any driver, and motor insurance provides extra protection against such problems. It also allows you to take your car in to be serviced so issues don’t get any worse.

4. Heat damage

Hopefully, the Covid-19 lockdowns will be behind us come next summer, keep in mind that excessive summer heat can cause car problems, too. Both water logging due to heavy summer rains and the scorching heat can lead to battery jams, dried out fluid systems, radiator problems, and various other issues.

5. Natural disasters

Natural disasters are a common occurrence in the United States and your garage is unlikely to protect your vehicle from these extreme weather conditions. Floods, forest fires, earthquakes, cyclones, and hurricanes can present problems for both your home and your garage. And while the garage itself might be covered under your home insurance policy, your vehicle will need to have an up-to-date auto policy in order to make a claim.

6. The freedom to use your car in emergencies

Even if you don’t plan on using your car in the upcoming months you might still have to. Whether for an unexpected visit to the hospital, or some other emergency, your vehicle should always be ready for the road. Driving without car insurance might seem okay in an emergency, but keep in mind that fines for uninsured drivers range between several hundred and several thousand dollars with some states automatically suspending your license as well.



Category :finance
Author Website : Car insurance

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