If I buy a car and leave it at home without driving, do I still need insurance? ?

Answer 1

Favourite answer

Yes, usually.

First, in some states, it's against the law to own a car without insurance.

Second, if you finance the car (get a loan or lease), then you are required by the finance company or lender to have insurance (in every state).

Third, even if you're not driving it, it can still get stolen or be damaged by weather, fire, other cars, etc.

Answer 2

In the UK you have to declare it SORN ( statutory off road notification), to avoid road tax and MOTs, but unless it’s a heap you 

would probably still want some insurance in case it got stolen or caught fire etc.

Answer 3

well if its stolen from home , insurance doesnt have to pay , home you keep it in a garage thats locked ..lol

Answer 4

No you do not.  The law only requires valid liability insurance when the vehicle is on any kind of public road.  

NOTE:  That's just the compulsory auto insurance law we're talking about, which is not the only law that might apply to you.  If there's a bylaw in your town that says uninsured vehicles can't be parked in front of your house, you'll have to deal with it accordingly.  If you signed a finance contract that said you agree to carry specific insurance coverage on the vehicle at all times, that's a whole other legal issue.

Answer 5

If you cancel your insurance, you must also cancel your registration as states require a minimum liability amount and a minimum amount of medical coverage in which the amounts vary from state to state. If you do not, your registration will be suspended and, in some states, your license may be as well. Someone suggested putting storage insurance on it. There is no such insurance. If you cancel your registration, you may keep only the comprehensive portion of your insurance on it, should it be damaged while in storage.

Answer 6

Even if stored in your garage, it could be  vandalized or stolen, destroyed by fire or a tornado, etc.  In my state, EVERY car must have current license plates - even if it's a collectors item or undergoing restoration, etc.  To get the license plates you must show proof of insurance.  

Answer 7

If you finance it, then yes.  The lender will require it.

Answer 8

In most states of USA if you don't register it you don't need insurance but don't park it on the street  - it may be considered abandoned or just illegal to park on a public road. You should really check with your local police and home owners association for the definitive answer.

Answer 9

USA answer.

If you pay cash and not park it in the street or drive it but keep it on your property, it does not have to be insured.

Answer 10

If you live in Britain, you need insurance if the car is parked by the roadside, if it's parked on private property then you don't. 

However,  you will still need to SORN your vehicle online if it's not being used to avoid getting a fine.