Regular car insurance question

It is up to your state. I only carry liability on the vehicle I drive to and from picking up my truck.

 

Some insurance companies in some states provide discounts if the policy-holder states they drive fewer then x miles per year, and only to/from work

 

Since you are still making payments on the vehicle, you will probably be required to maintain collision insurance. You might contact your agent to see if you may qualify for some discounts since your vehicle will not be driven much. If you are a homeowner, most insurance companies offer discounts for those who have their auto and homeowner policies with the same company. I would also check around with other insurance companies to see if they might have something you could buy for less. I have an older vehicle I drive primarily back and forth to my truck. I only carry liability and uninsured motorist.

 

As a new car, under lien, you are required to carry full coverage's, no if's and's or but's.

You can call your insurance company and ask for a discount since you will not be driving it all that much, rather than to seek out a new company. many times switching insurance companies and a delay in the new company contacting the finance company, means you get a "pay on demand" letter from the lien holder that you have no insurance, and they want all their money NOW.

(The "old company" will IMMEDIATLEY contact the lien holder and tell them you dropped insurance).

If no discounts are available, you are stuck, period.

Anytime a vehicle is under a lien, you have to meet the obligations.

The only discount I am aware of is how many miles a year would you be driving?

And NEVER say you need it to go back and forth to work, as too many other cars are on the roads, and a chance for an accident is higher.

Always say the car is for "pleasure" driving.

 

All you can do tell them the situation and see what they can do, most of the time there's not much you can pull of in that situation. The only real way to save money is to go with a ghetto brand insurance like The General which will be able to satisfy the coverage and be cheap, but I wouldn't want to rely on them if anything really happened.

 

Yeah, like others have said, you have to keep full coverage on it. State Farm gives me a discount for driving less than 6k a year, though. Please don't be cheap on your liability, though. The legal minimum in most states not enough to cover you if you total someone's Mercedes. It's only a few bucks more a month to substantially increase your liability coverage.