Cancel Your Insurance!!!!!!!
Thread Starter
Race Director
Joined: Mar 2003
Posts: 11,339
Likes: 1
From: His name is Tandy Dillen. Altruism is the last Frontier.
Cruise-In V Veteran
Cruise-In VI Veteran
Cruise-In VII Veteran
Cruise-In VIII Veteran
St. Jude '03-'04-'05-'06-'07
Cancel Your Insurance!!!!!!!
For those who store the car for the winter, there is no reason to maintain collision and liability coverage during storage.
You only need comp. Call your agent and save hundreds [perhaps] on your insurance premium during the winter.
$0.02 from a salaried insurance professional. (see screen name)
Michael
You only need comp. Call your agent and save hundreds [perhaps] on your insurance premium during the winter.
$0.02 from a salaried insurance professional. (see screen name)
Michael
Team Owner
Joined: Jan 2002
Posts: 23,234
Likes: 4
From: All that glitters is Gold - Hockey Is CANADA'S game
Cruise-In VI Veteran
Cruise-In VII Veteran
St. Jude Donor '05-'06
I did that when I wasn't driving my Z24 while i was working on the road. The cost was about $75 a year but that is here in Canada 
Administrator
Joined: Mar 2001
Posts: 368,390
Likes: 24,793
From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
MO Events Coordinator
St. Jude Co-Organizer
St. Jude Donor '03 thru '26
NCM Sinkhole Donor
CI 5, 8 & 11 Veteran
Works great unless you have the car financed. My lender requires the liability and collision coverage regardless of whether I drive it or not.
Race Director
Joined: Jan 2002
Posts: 19,557
Likes: 1,470
From: I love you & miss you Linda
2017 C7 of the Year Finalist
St. Jude Contributor
I do it each year. Comprehensive only, $76 for 6 month period.
BUT that caused the Insurance on my daily driver to go up.
What's with that?
BUT that caused the Insurance on my daily driver to go up.
What's with that?
Burning Brakes
Joined: Mar 2003
Posts: 966
Likes: 43
From: Lansing MI
Originally Posted by JDs00PewterCoupe
Works great unless you have the car financed. My lender requires the liability and collision coverage regardless of whether I drive it or not.
My bank did not have a problem with it. I just had to send them a letter that I would restore the coverage before I put it back on the road. But I'm in the frozen north
. The real deal is this, if you reduce coverage they won't know, the insurance company only notifies the bank if you cancel completely. Since your in MO I'd probably keep the ins. on year around since you folks have some nice weather now and then, right? Jeff
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Racer
Joined: Jul 2004
Posts: 313
Likes: 0
From: Bloomsburg Pa
Unfortunately in PA we can't do that. We're required to carry "financial responsiblity" That is defined as "teh ability to respond in damages for liabliity on account of accidents arising out of the maintenance or use of a motor vehicle in teh amount af $15,000 because of injury to one person in any one accident, in teh amount of $30,000 because of injury to two or more persons in any one accident and in the amount of $5,000 because of damage to property of others in any one accident."
unfortunately, for PA residents, the only part of your insurance that pays that is either liability or collision. I'd love to only carry Comprehensive. That would be sweet!
unfortunately, for PA residents, the only part of your insurance that pays that is either liability or collision. I'd love to only carry Comprehensive. That would be sweet!
Thread Starter
Race Director
Joined: Mar 2003
Posts: 11,339
Likes: 1
From: His name is Tandy Dillen. Altruism is the last Frontier.
Cruise-In V Veteran
Cruise-In VI Veteran
Cruise-In VII Veteran
Cruise-In VIII Veteran
St. Jude '03-'04-'05-'06-'07
Originally Posted by iceburgh
I have a agrred value policy....this is not an option. 
Thread Starter
Race Director
Joined: Mar 2003
Posts: 11,339
Likes: 1
From: His name is Tandy Dillen. Altruism is the last Frontier.
Cruise-In V Veteran
Cruise-In VI Veteran
Cruise-In VII Veteran
Cruise-In VIII Veteran
St. Jude '03-'04-'05-'06-'07
Originally Posted by Wavegoodbye
Unfortunately in PA we can't do that. We're required to carry "financial responsiblity" That is defined as "teh ability to respond in damages for liabliity on account of accidents arising out of the maintenance or use of a motor vehicle in teh amount af $15,000 because of injury to one person in any one accident, in teh amount of $30,000 because of injury to two or more persons in any one accident and in the amount of $5,000 because of damage to property of others in any one accident."
unfortunately, for PA residents, the only part of your insurance that pays that is either liability or collision. I'd love to only carry Comprehensive. That would be sweet!
unfortunately, for PA residents, the only part of your insurance that pays that is either liability or collision. I'd love to only carry Comprehensive. That would be sweet!
But check with your agent first
Race Director
Joined: Oct 2002
Posts: 16,477
Likes: 26
From: Gone
CI 6-7-8-9-10 Veteran
St. Jude Donor '03
My rates are too reasonable for the whole year as-is.
With my luck if I call my agent to make any adjustments, they'd notice their error and adjust my rates accordingly.
(actually I drive it periodically in the winter when road conditions permit...it never goes into full storage mode)
With my luck if I call my agent to make any adjustments, they'd notice their error and adjust my rates accordingly.
(actually I drive it periodically in the winter when road conditions permit...it never goes into full storage mode)
Drifting
Joined: Aug 2000
Posts: 1,355
Likes: 0
From: NY NY
Here in NY if you cancel your insurance you must surrender your plates to DMV and then in the spring go back to DMV and reapply for the plates and new registration. That alone is just too much hassle in itself.
Plus I have my coverage with Geico and also my mechanical break down policy, this is the same as the GMAC coverage however it only costs me about $30 per year for the same coverage (full engine and drive train & anything mechanical). The one caveat, coverage must be from day one of new car and must remain covered, ie: no lapse in coverage.
Plus if a really nice day hits, clear roads, lots of sun I bought this car to drive it not to sit, and sit.
Plus I have my coverage with Geico and also my mechanical break down policy, this is the same as the GMAC coverage however it only costs me about $30 per year for the same coverage (full engine and drive train & anything mechanical). The one caveat, coverage must be from day one of new car and must remain covered, ie: no lapse in coverage.
Plus if a really nice day hits, clear roads, lots of sun I bought this car to drive it not to sit, and sit.
Race Director
Joined: Jan 2002
Posts: 19,557
Likes: 1,470
From: I love you & miss you Linda
2017 C7 of the Year Finalist
St. Jude Contributor
Originally Posted by Wavegoodbye
Unfortunately in PA we can't do that. We're required to carry "financial responsiblity" That is defined as "teh ability to respond in damages for liabliity on account of accidents arising out of the maintenance or use of a motor vehicle in teh amount af $15,000 because of injury to one person in any one accident, in teh amount of $30,000 because of injury to two or more persons in any one accident and in the amount of $5,000 because of damage to property of others in any one accident."
unfortunately, for PA residents, the only part of your insurance that pays that is either liability or collision. I'd love to only carry Comprehensive. That would be sweet!
unfortunately, for PA residents, the only part of your insurance that pays that is either liability or collision. I'd love to only carry Comprehensive. That would be sweet!
Someones pulling your leg if they are telling you that you can not do that.
Race Director
Joined: Dec 2002
Posts: 10,233
Likes: 21
From: Baltimore suburbs Maryland
I know state farm has a program which you can keep the tags on the car but you drop the coverage down to bare minimum and it is dirt cheap. Ask your agent, they may have a program where you dont' completely cancel the coverage, but make it next to nothing. Of course, I'm sure it is not loudly advertised.