No. If you don’t think you’ll be driving your car for a while, we’re unable to pause, or put a hold on, your auto insurance.
And there’s a good reason for this – especially if you have a newer car. Even if your car’s just sitting in the garage or in your driveway for the winter season or while you’re on an extended vacation, it can still be damaged – or worse, stolen. That’s why we do give the option to reduce your coverage to what’s called Comprehensive only. Comprehensive only coverage removes Collision and can reduce your premium. But, it still offers protection from vandalism, theft, falling objects (like a tree), fire, and more.
Heads up! Reducing your coverage to Comprehensive only also means you’re removing Accident Benefits and Liability, which are required by law. So, you won’t be able to legally drive your vehicle. If you think you’ll need to move your car at any point, it’s not worth it to reduce your car to Comprehensive only insurance.
On the other hand, what if you have an older vehicle that’s only worth a few thousand dollars? If you won’t be driving it for quite a while (say a year or more), you might choose to cancel your insurance since it wouldn’t be worth it financially to repair it if something happened.
At the end of the day, if you’re planning to hit the brakes on driving but aren’t sure what to do, we’re here to help!