Some companies, like Progressive, will allow you to put storage coverage on a secondary vehicle with just comprehensive coverage. That means if the stored or parked car is damaged by things like vandalism, wind, flood, earthquake, fire, or is stolen, the vehicle will be covered after you pay a deductible.
Be careful. This storage does not meet the minimum liability insurance requirements of the State of Oregon, which states that a fully operational car with good tags must have insurance to operate on the streets. To avoid a ticket for running your vehicle with stored-vehicle coverage, call your agent first to reinstate liability coverage on your policy. This will prevent you from being stuck with an SR22 filing requirement for three years.
We’ve even noticed that placing a car on “parked coverage” offers a multi-car discount, often lowering the overall cost of the insurance compared to removing the vehicle entirely. We can quote the difference between parking and removal to see which option is cheaper if you take a car out of service. Under either scenario, ensure the stored vehicle is off the street. Any car parked on the side of the public road can be cited for no insurance.