A simple change to your car insurance during the pandemic could save you hundreds

Is your family driving a lot less during the pandemic? If so, you could be spending more than you need to on car insurance.

One particular policy change can save you big bucks.

While some car insurance companies are sending customers rebates, insurance watchdog Dan Karr, with ValChoice.com says the amounts are underwhelming.

He says, “It’s based on how much you’re already paying because it’s a percentage and so on average it’s about $30 – $40 over a two month period.”

Karr adds if your family is only using one of its vehicles right now and needs to save more, ask your insurance carrier if they offer storage or parked car policy, “They can consolidate into one car. They can save as much as 70% just by making changes to their insurance.”

This coverage is used by people who aren’t driving a vehicle for at least 3-4 weeks, such as being deployed in the military or if the car is only used seasonally.

When you’re ready to get behind the wheel again, you just call your carrier in advance to let them know.

Karr advises putting a Post-it note on the steering wheel that says before you drive to make sure you renew coverage.

If your insurance company doesn’t offer this, consider shopping around.

Experts recommend you price check your insurance every six months regardless.

Mark Friedlander with the Insurance Information Institute warns if you choose to completely cancel your vehicle’s coverage – as in hand in your registration and tags – that it could create gaps in your insurance history, which may result in higher rates.