Can I temporarily suspend my auto insurance coverage?

There are times when you may want to suspend-auto-insurance to avoid paying a high premium or even just to avoid additional costs when you are out of town. Depending on the policy, the insurance company and the situation, you may or may not be able to suspend your plan in Arvada, CO.

Owning the Car

Generally, it is best to maintain some coverage that addresses your needs when you own a car. The minimum state requirements are the key factor to consider, but there may be situations that allow you to avoid coverage for a time, such as if you are leaving the area for an extended period of time.

Ownership means that you are responsible for the vehicle. It is best to maintain the state minimum coverage, even if you are leaving the area for a time or do not have any way to drive the vehicle.

Ask About Options

The best way to determine your options based on your situation is by contacting your insurance provider and asking a few questions. Explain your situation. For example, if you are leaving town for two or three months, then explain that you are going to be out of town and will not be driving for that duration of time. The same is true if you have a medical problem that is preventing you from driving, such as two broken legs.

Find out the options that are available based on your situation. Your insurer may put your policy on hold or maintain a limited amount of coverage.

Problems can arise when you are not able to drive your car for any reason, but that does not mean it is always appropriate to put your coverage on hold. Contact us to speak to an agent to learn more.