Confused about how to handle auto insurance while your vehicle is being stored long-term in Wisconsin?
Many people need long-term storage for their vehicles, whether it’s because of an extended vacation, the start of university, joining the military, retirement, or any other reason. But regardless of why, putting your car into storage does come with some serious considerations — most notably, what you’re going to do with your auto insurance.
Below, get a good overview of how auto insurance works when your vehicle is in storage — plus a few great tips on storing your vehicle for optimal care and upkeep.
What You Should Do With Auto Insurance While Your Vehicle’s in Storage
While you may have heard people discussing “car storage insurance,” there really is no such thing. During long-term storage of your vehicle, you’ll either need to lessen the amount of insurance you currently have (for example, removing collision or liability coverage) or you may actually need to increase your coverage to comprehensive coverage.
Removing collision coverage may be an option for you if you don’t have a loan on your car, but plan on saving only a few bucks a month. If you do have a loan on your car, your lender likely won’t allow you to remove collision coverage.
If you don’t have comprehensive coverage (protection against theft, vandalism, fire, building collapse, etc.), you’ll need to add this. You should have comprehensive coverage on your vehicle no matter what because any of these incidents or unexpected events can happen at any time.
Tips for Safe and Secure Auto Storage
The best way to safely store your vehicle for a long period of time is to begin early. Several preparation steps will take at least half a day.
Naturally, you want to start by choosing a good location for your stored vehicle. If you don’t have a safe, dry, well ventilated indoor space on your property, consider asking a relative or friend if they can help you out.
If neither of these options is available, consider a rented storage space. Just be sure to work out the monthly price you’ll need to pay and how that will balance against the worse of your vehicle. In many situations, it’s worth it to spend the extra money on proper storage — for example, if you have a custom or collectible vehicle or an expensive motorcycle or recreational vehicle.
Next, prepare your vehicle for storage physically by carrying out the following steps:
- Change the oil and air filter
- Fill up anti-freeze and other auto fluids
- Fill up the gas tank and added fuel stabilizer (STA-BIL is a great option)
- Fill up the air in the tires to the maximum recommended pressure
- Protect your car from rodents by spreading cotton balls soaked in peppermint oil, mothballs, or fabric softener sheets near and in your car.
- Periodically restart the car about every two weeks, driving it for at least 15 minutes OR remove the vehicle battery completely at the start of storage.
- Do not use the parking brake.
Bonus Tip: As soon as you’re ready to use your car again, check for rodents, check all fluid levels, reconnect the battery, check the brakes and tire pressure, and allow the vehicle to idle for several minutes before driving.
Contact Mayville Insurance if you have any additional questions about how auto insurance works with long-term vehicle storage. We’re always here to answer your questions. Stop in to see us today or feel free to give us a call!