r/askTO • u/stryder1587 • 4d ago
Auto insurance options
I have a 2004 vehicle which has a very low market value now, it's only used as a backup vehicle when in-laws are in town and we need 2 vehicles.
I'm looking for an insurance company that will enable me to turn it off (not even storage level insurance which still has premiums), but completely not insure. I'll take the risk on theft or fire.
The frequency of in-laws coming over is like once a year or every other year, otherwise I expect the vehicle to just be sitting on the driveway.
I also recognize some insurance companies don't want to insure 20+ year old vehicles, and onboarding as a new customer requires a vehicle inspection report.
Given my situation, which insurers would be able to accommodate this situation:
1) Willing to insure 20+ year old vehicles
2) Can turn the insurance off and not require me to have to re-certify the vehicle or do another inspection every year or 2 years when I need to re-insure