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My wife and I were already considering dropping my car from the two car policy we have when it renews next month. I personally think we'll be in a "shelter in p
by jbigelow76 7y ago
My wife and I were already considering dropping my car from the two car policy we have when it renews next month. I personally think we'll be in a "shelter in place" mode through most of June at the earliest and with us both working remote and daycares being shut down here in my part of TX the need to cover two cars no longer exists. If I need to re-add the car to the policy in July or August at least I'll have saved maybe a few hundred bucks, but if our insurer joins this trend the hassle of dropping might not be worth it.
- gambiting 7y agoBut...if you take it off the policy, there's still risk of having it stolen or it burning down, that then obviously isn't covered. And...few hundred bucks from June to August?? How expensive are your policies? I'm paying £400(~$500) per year for a fully comprehensive policy on a brand new Volvo XC60, dropping the policy for a month or two would save me so little money it's almost not worth the hassle.
- DanBC 7y agoAlso, in the UK cars have to be insured unless they're SORNed, and that's not something most people would not bother with for a couple of months.
- jbigelow76 7y agoBut...if you take it off the policy, there's still risk of having it stolen or it burning down, that then obviously isn't covered. You do have a point, I'd be pretty pissed if it was stolen. It's sitting in my driveway and not in a garage so chances of spontaneous combustion are pretty low :)