“How to Adjust Your Auto Insurance for Seasonal Savings”

“`html

Can You Buy Seasonal Auto Insurance?

At O1ne Mortgage, we understand that as the seasons change, so do your auto insurance needs. While insurers don’t offer specific seasonal auto insurance policies, you can adjust your coverage throughout the year to save on costs. For instance, if you have a vehicle like a motorcycle or classic car that you only drive during certain months, you might qualify for a better rate than a vehicle driven year-round.

Although you can’t purchase a seasonal auto insurance policy, you can modify your coverage to reduce costs during months when you don’t use a specific vehicle. For any mortgage service needs, call us at 213-732-3074.

How Does Seasonally Adjusted Auto Insurance Work?

Seasonal auto insurance isn’t a separate policy you can buy. Instead, it involves adjusting your existing coverage based on your seasonal needs. For example, you might suspend some of your regular coverage if:

• Your car is parked in your garage for an extended period while you’re away.
• Your car is parked at your summertime home.
• You won’t be driving a vehicle like a motorcycle or RV during certain seasons.

For example, a “snowbird” who moves to a warmer climate during winter might reduce their policy’s liability limits or suspend optional coverage while away. This approach can lower the cost of coverage compared to a year-round policy while maintaining basic protections.

How to Save Money With Seasonally Adjusted Insurance

To save money with seasonally adjusted insurance, consider dropping comprehensive and collision coverage if you own your car outright. However, if you have an auto loan or lease, you typically must maintain these coverages. Additionally, you must keep the minimum liability coverage required by your state.

If you own your car, you could reduce your liability coverage to the state minimum and remove or reduce other coverages. For personalized advice, call O1ne Mortgage at 213-732-3074.

Can You Suspend Your Auto Insurance?

Depending on your insurance company and state regulations, you may be able to suspend or pause your auto insurance. However, most insurers don’t allow policyholders to suspend coverage entirely. If you can suspend coverage, you might also need to drop your vehicle registration, which could cost more in the future.

Before attempting to suspend your insurance, consult your insurer about their policy. They may allow you to temporarily reduce your coverage to the minimum required liability insurance while keeping comprehensive coverage for theft or natural disasters. This could save you a significant amount of money.

Remember, don’t cancel your coverage altogether if you won’t be driving for a while. Doing so could leave your car unprotected, break state insurance laws, and result in higher costs to reinstate coverage.

Can You Get Car Storage Insurance?

There’s no specific car storage insurance policy. Legally, you don’t need insurance for a vehicle that’s not being driven and is in storage. However, if the vehicle is stolen, vandalized, or damaged, you’ll be responsible for any expenses if you don’t carry insurance.

Benefits of Adjusting Your Car Insurance Seasonally

Adjusting your auto insurance seasonally offers several benefits:

• Reduced premiums: By limiting coverage to the bare minimum when not using your car, you can decrease your insurance premiums.
• Flexibility: Seasonally adjusted auto insurance provides flexibility if you don’t need year-round coverage. For example, if you own a car at a vacation home that you only use during the summer, you can adjust your coverage accordingly.
• Protection: Keeping comprehensive insurance while not using your car ensures coverage in non-collision scenarios like theft or weather damage.

How to Save on Auto Insurance Premiums

Here are six tips for saving money on auto insurance premiums:

• Adjust your coverage: Drop liability coverage to the state-required minimum or remove comprehensive and collision coverage for older cars.
• Raise your deductible: Increasing the deductible for comprehensive and collision coverage can lower premiums.
• Explore discounts: Look for discounts for safe driving, insuring multiple vehicles, bundling auto and homeowners coverage, and paying your premium in full.
• Consider pay-per-mile insurance: If you don’t drive much, pay-per-mile insurance could save you money.
• Let your insurer monitor your driving: Some insurers offer discounts for participating in telematics programs that track your driving habits.
• Compare quotes: Use tools to compare quotes from several insurers to find reasonably priced coverage that meets your needs.

For more information and personalized mortgage services, contact O1ne Mortgage at 213-732-3074.

The Bottom Line

While you can’t buy seasonal auto insurance, you can reduce your coverage during certain seasons, such as when you leave your car at home for the summer. Adjusting your coverage can save money while still protecting your car from damage, theft, or vandalism. For any mortgage service needs, call O1ne Mortgage at 213-732-3074.

“`