I am college student who is going to school in Boston where public transportation is readily available. I wanted to get on my parents’ car insurance plan, as I don’t currently own a vehicle, but most plans require you to pay monthly to have the car insured. Since I’d only need to use the car during three and a half months of the year(summer) it seemed kind of wasteful money-wise to pay each month to drive an insured vehicle. Is there such a plan in existence? Just wondering.
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February 19, 2010 @ 11:12 am
Nope. They all require that you sign a 6 month or 12 month plan
February 19, 2010 @ 11:23 am
It depends on the company and state laws.
If you are leaving your car sitting for long periods of time, you can get coverage for an inactive vehicle – comprehensive only, which is generally much cheaper than carrying liability.
Not all companies offer this coverage and the state may require that you suspend your registration in some way during the inactive periods.
Be aware that you have to re-activate your coverage before you drive!
February 19, 2010 @ 12:00 pm
Yes but it depends on the insurance company and the state.
When I was in the Navy and deployed I would get storage rate (covered damage, theft, fire) while I stored the car in long term parking on the base.
I also do this now with a jeep that I keep at my summer home.
I use Geico
February 19, 2010 @ 12:25 pm
Some companies/states allow that in certain circumstances. You should try this site, it will allow you to get quotes from multiple companies.
http://greatinsurancequotes.net