Discover how deploying service members can save money on car insurance while avoiding major registration, rate, and coverage traps!
If you’re getting ready for a deployment, you might be wondering whether you should suspend or reduce your car insurance. In general, the best option is to reduce your coverage to comprehensive-only, which lowers your premium while maintaining coverage for damage while your car isn’t being driven. Additionally, some insurers offer special discounts that can lower your premium while you're deployed. In this guide, we’ll explain how storage coverage works, which carriers offer storage discounts for service members, and what steps to take before you leave.
Storage Insurance vs. Policy Cancellation
Canceling your policy outright feels like the obvious way to save money while you're gone, but it usually costs more than it saves. Here's what's actually at risk if you let your coverage lapse instead of lowering it:
Registration problems. Most states require continuous proof of insurance to keep your vehicle legally registered. A lapse can trigger fines, a registration suspension, or an SR-22 filing requirement when you return.
