1. Money
Emily Delbridge

My Car Broke Down, Do I still Need Car Insurance?

By January 20, 2014

Follow me on:

Car with its hood up for repairs.

Lots of people are having a tough time making ends meet. A major car repair can cripple some families, forcing harsh decisions on what cuts to make. A common question I hear is: Do I need to carry car insurance if my car is broke down?

Circumstances can vary greatly, and so can the answer to the question. If multiple cars are insured and one breaks down, the answer is no, you do not necessarily need to insure the car needing repairs. Sometimes, if you have a loan on the vehicle your lender may require full coverage no matter what the circumstances are. Comprehensive or storage insurance may be a possibility if your car needs repairs, so long as you have an alternate vehicle being driven on the car insurance policy.

Now, if your only vehicle is down and out, you will need to maintain car insurance in one form or another. Decide how to stay insured based on how long it will be to repair or replace your car.

Stay Insured By:

  • Maintaining insurance on the vehicle needing repaired
  • Get added as a driver to a relative or friend's car insurance
  • Purchase a Named Non-Owner car insurance policy

Cancelling your car insurance can be very costly. A good rule of thumb is to never let your car insurance lapse. It may seem useless to pay car insurance on a vehicle you cannot drive; however, it is the cheaper route to go since you will be considered high risk the next time you need insurance.

Further Reading Image © FreeDigitalPhotos.net
Comments
September 23, 2012 at 8:56 am
(1) hiring jobs in milwaukee wi says:

I like what you guys are up too. This kind of clever work and coverage!
Keep up the fantastic works guys I’ve incorporated you guys to my blogroll.

December 5, 2012 at 8:36 am
(2) allenbrown says:

We bundled our insurance with USAA and are so happy with them. We also bank with them and canít say enough good things about their service. Their great service leads to customer retention. They also have really good rates.

December 12, 2012 at 4:24 am
(3) rob says:

Why should you have to pay car insurance if you do not have a car at the time and you are on the bus and not driving.

December 13, 2012 at 1:54 pm
(4) carinsurance says:

Depending on what state you live in, you could be penalized in the future when you go to purchase insurance for going without. State laws vary, but the majority consider no prior insurance, high risk.

Ever borrow a friend’s car? They might not carry enough liability to fully protect you in case of an accident. A non owner’s policy would ensure you are covered.

March 13, 2014 at 11:12 am
(5) http://sportscarphoto4.soup.io says:

Very nice post. I just stumbled upon your weblog and wished to ssay that I’ve really enjoyed browsing your blog posts.
In any cwse I’ll be subscribing to your rss feed and I hope you write again
very soon!

April 16, 2014 at 6:20 am
(6) Cyril says:

HTTPS relies on a system of easy-to-forge certificates.
Net Banking has become steadily popular over the past few years.
Only 34 percent of lost laptops were encrypted, 26
percent were backed up regularly, and seven percent had other anti-theft features enabled, according to the European report.

Mobile Communications Division, senior vice president of Luki learn that Samsung
mobile phones with tthe Chinese operator’s existing relationship for
the next three weeks to introduce nnew products
advantage. Avoid using unsecured email software, like
Outlook, which automatically transmits login information.

April 17, 2014 at 3:40 am
(7) 8 ball pool cheats iphone says:

Highly descriptive post, I liked that a lot. Will there
be a paret 2?

Also visit my web page; <a href=”http://floridianclassifieds.com/?view=showad&adid=34545&cityid=319&lang=en”>8 ball pool cheats iphone</a>

Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>

©2014 About.com. All rights reserved.