Should you adjust your car insurance policy for seasonal vehicle storage?

Seasonal changes often bring shifts in our habits and routines, especially for Canadian drivers. As temperatures drop, many vehicle owners choose to store their cars for the winter months. Whether it’s a convertible, a motorcycle, or a classic car, storing a vehicle can save wear and tear—but it also raises an important question: should you adjust your car insurance policy while your vehicle is in storage?

Let’s explore why you might consider tweaking your car insurance and how to make sure you’re adequately protected during the off-season.

Why adjust your car insurance policy for stored vehicles?

When your vehicle is off the road and safely stored away, it’s natural to wonder if you need the same level of coverage. By adjusting your policy for seasonal vehicle storage, you could save money while ensuring your car is still protected. Here’s why:

1. Save on premiums

If you’re not driving your vehicle, you don’t need coverage for road risks like collisions. Adjusting your car insurance to reflect this can lower your premium, allowing you to allocate those savings elsewhere.

2. Protect against non-driving risks

While your car is in storage, it’s still vulnerable to risks like theft, fire, or weather damage. Keeping comprehensive coverage ensures these risks are covered even when your vehicle isn’t on the road.

3. Avoid coverage lapses

Cancelling your policy entirely might seem like a quick way to save money, but this could lead to a lapse in coverage. Insurers may view a gap in coverage as a red flag, which could increase your premiums when you need to reinstate the policy. Cancelling your policy can also lead to you paying more, as many insurers have cancellation fees. Plus, you will need to surrender your license plates, incurring more fees when you put driving insurance on it.

What coverage should you keep for a stored vehicle?

When adjusting your car insurance for seasonal storage, consider retaining the following types of coverage:

1. Comprehensive coverage

This protects your vehicle from non-collision-related risks, such as:

• Theft or vandalism
• Fire damage
• Falling objects (e.g., tree branches)
• Flooding or water damage

Comprehensive coverage is essential for safeguarding your investment while your car is in storage.

2. Specified Perils

This is a more affordable alternative to comprehensive coverage. It protects against specific risks you list in your policy, such as theft or fire. However, it doesn’t cover as many scenarios as comprehensive insurance.

3. Third-party Liability

Depending on where you live and your insurer’s requirements, you might need to maintain some level of liability coverage to keep your policy active.

Extended liability coverage is essential to ensure that any damage that the vehicle may do is covered and to protect yourself financially.

Steps to adjust your car insurance for seasonal storage

If you’ve decided to adjust your car insurance policy, here’s how to do it effectively:

1. Contact your insurance advisor

At Westland Insurance, our friendly advisors can help you understand your options and make adjustments that suit your needs. They’ll ensure you have the right balance of coverage and savings.

2. Evaluate your storage environment

Where you store your vehicle matters. A secure garage or facility offers more protection than outdoor parking. Let your insurer know the storage details to ensure your coverage matches your situation.

3. Review your policy

Take this opportunity to review your entire car insurance policy. Are there other changes you’ve been meaning to make? Seasonal storage is a great time to ensure your coverage is up to date.

Ready to adjust your car insurance? Get a personalized quote from Westland Insurance today.

Common mistakes to avoid when storing your vehicle

Storing your car might seem straightforward, but there are some pitfalls to avoid. Here are common mistakes and how to steer clear of them:

1. Cancelling your policy entirely

As mentioned earlier, cancelling your insurance can lead to gaps in coverage and potential premium hikes later. Adjusting your coverage, rather than cancelling it, is a smarter move.

2. Skipping a storage checklist

Before storing your car, follow a checklist to ensure it is properly prepared. Tasks like cleaning the vehicle, topping off fluids, and disconnecting the battery can prevent long-term damage.

3. Neglecting to inform your insurer

Failing to notify your insurance provider about the vehicle’s storage could result in denied claims if something goes wrong. Always keep your insurer in the loop.

Benefits of adjusting your car insurance with Westland Insurance

At Westland Insurance, we make it easy to adjust your car insurance for seasonal storage. Here’s what sets us apart:

1. Expert guidance

Our knowledgeable advisors understand the unique needs of Canadian drivers. We’ll walk you through your options and help you make informed decisions.

2. Tailored solutions

No two drivers are the same. We’ll customize your coverage to suit your vehicle, storage situation, and budget.

3. Hassle-free adjustments

Adjusting your policy doesn’t have to be complicated. We’ll handle the details so you can focus on preparing your vehicle for storage.

Updating your car insurance policy for seasonal vehicle storage is a smart way to save money and protect your investment. By retaining coverage for non-driving risks and avoiding coverage gaps, you can enjoy peace of mind while your vehicle is off the road.

If you’re unsure where to start, the team at Westland Insurance is here to help. With expert advice and tailored solutions, we’ll ensure your policy fits your needs—season after season.

Get peace of mind this season. Request a quote from Westland Insurance today.