Garaging and Storing Car Insurance Discount (2024)
When it comes to safeguarding your vehicle and saving on car insurance, one often-overlooked strategy is the garaging/storing car insurance discount. This unique benefit rewards responsible car owners who keep their vehicles securely stored in garages or off-street parking spaces.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
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UPDATED: Nov 1, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Nov 1, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Garaging/Storage Discount: A rare yet valuable opportunity to save on your auto insurance premiums.
- Typical Discount Rate: Most companies offer around a five percent reduction in premiums.
- Exceptional Offer: USAA stands out by providing an impressive 90 percent discount to military personnel who store their vehicles for at least 30 days.
- Comparison Shopping: Before committing, it’s essential to shop around and consider other potential savings alongside this discount.
What is a garaging/storing car insurance discount?
Keeping your car in your garage can not only save you money, but it can also keep your car safer. Your parked car on the street has a chance of being hit by another car, damaged from hail or falling tree limbs, or stolen.
Insurers recognize that safer parking reduces risk, hence they often offer an off-street parking car insurance discount, which is a great perk for those who regularly park their vehicles in garages or driveways.
According to the National Highway Traffic Safety Administration (NHTSA), a car is stolen every 40.9 seconds. However, your car is less likely to be stolen or vandalized if it’s kept in a garage. You can also avoid damages from acts of nature like hail.
Comprehensive insurance is what covers your car in the event of damage not from a collision. This includes theft, vandalism, fire, and acts of nature.
Your car insurance rates stay lower, and you’re offered a parked car discount because you are less likely to file a claim against your comprehensive coverage if your car is in a garage.
Only a handful of major car insurance companies offer garaging/storing discounts, and those discounts are usually five percent. For example, a Geico garage discount doesn’t exist, but you can get a discount from Farmers.
USAA offers a different type of discount. If your car is stored in your garage and isn’t driven for 30 days, you can receive a 90 percent discount on your car insurance.
Read more: USAA Car Insurance Discounts
USAA only offers military car insurance. Only members of the military, veterans, and their families can reap this incredible discount.
Read more: Military Car Insurance Discount
If you are storing your car for a while, you might be tempted to just cancel your auto insurance coverage. However, that can be seen as a lapse in coverage and your rates can increase significantly when you apply for coverage again.
What are other ways to save on car insurance?
In addition to a garaging/storing discount, there are other ways to save on your auto insurance rates.
Car insurance companies offer a slew of discounts to help drivers reduce rates. Popular discounts include multi-car, multi-policy, good student, low mileage, and discounts for safety features on your car.
Ask your agent what discounts you are eligible for, and bundle these discounts to save even more.
You can also lower your auto insurance rates by making changes to your policy such as lowering your coverage and raising your deductibles. Improving your driving record and credit score will save you money, too.
Read More: Mercury Car Insurance Discounts
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Case Studies: Garaging and Storing Car Insurance Discount
Case Study 1: John’s Garage Advantage
John, a car owner residing in a suburban neighborhood, recently installed a garage on his property to securely store his vehicle. Seeking to reduce his car insurance premium, he contacted his insurance provider and informed them about his new garage. After an evaluation of his situation, the insurance company offered him a garaging and storing discount on his policy.
As a result, John enjoyed a substantial reduction in his car insurance premiums, saving him a significant amount of money each year.
Case Study 2: Maria’s Off-Street Parking Savings
Maria, a city dweller, was frustrated by the high cost of car insurance. However, she discovered that her off-street parking arrangement could potentially qualify her for a garaging and storing discount. Maria contacted her insurance provider, provided the necessary documentation to prove she had access to a secure parking facility, and requested a reevaluation of her policy.
The insurance company recognized her off-street parking as a safety advantage and granted her the discount. This led to a noticeable decrease in her car insurance premiums, making it more affordable for her to maintain coverage.
Case Study 3: David’s Seasonal Storage Benefit
David, the owner of a classic car, sought to lower his insurance costs during the winter months when the vehicle was not in use. He suggested to his insurance company the idea of temporarily suspending coverage during that time. The insurer agreed and provided David with a garaging and storing discount for the periods when his car was safely stored and not driven.
This arrangement resulted in substantial savings on David’s car insurance expenses during the months his vehicle was in storage.
Read more: Car Comprehensive Storage Insurance Discount
Case Study 4: Sarah’s Security System Advantage
Sarah, a homeowner, took steps to increase the security of her car by installing a robust security system in her garage. With motion sensors, an alarm system, and video surveillance, she aimed to protect her vehicle and potentially qualify for a garaging and storing discount. After informing her insurance provider about the security measures, they assessed the situation and acknowledged the added protection.
Sarah was then offered a reduced premium rate as a reward for her proactive approach to safeguarding her car.
Case Study 5: Michael’s Parking Lot Provision
Michael, an employee at a large office complex, discovered that his employer provided employees with free parking in a secured parking lot during work hours. Realizing this benefit could potentially lead to car insurance savings, Michael contacted his insurance company and shared the details of his workplace parking arrangement.
The insurance provider recognized the security advantage of the parking lot and granted him a garaging and storing discount on his policy. This discount contributed to Michael’s overall cost reduction for his car insurance coverage.
Garaging/Storing Discount: The Bottom Line
Very few companies offer a garaging/storing auto insurance discount, and the ones that do offer around five percent off. USAA offers a 90 percent discount if you store your car for at least 30 days, but it only offers coverage to the military.
Before you buy car insurance with a garaging/storing discount, shop around and find out what other savings you can receive in addition to this discount.
Enter your ZIP code now to compare car insurance quotes with a garaging/storage discount.
Frequently Asked Questions
What is a garaging/storing car insurance discount?
A garaging or storing car insurance discount is a reduction in insurance premiums given to drivers who store their cars in a secure location such as a garage or storage unit. This discount is offered by some insurance companies as a way to encourage policyholders to take extra measures to protect their vehicles.
How much can I save with a garaging/storing car insurance discount?
The amount of savings offered by a garaging/storing car insurance discount varies by insurance company and policy. However, the discount typically ranges from 5% to 15% off the total cost of the insurance policy.
What qualifies as a secure location for garaging/storing my car?
A secure location for garaging/storing your car can vary by insurance company, but it typically includes a private garage or storage unit with a locking door. Some companies may also consider a carport or a private driveway to be a secure location.
Do I need to provide proof of my car’s location to get the discount?
Yes, most insurance companies will require some form of proof that your car is stored in a secure location to receive the discount. This may include providing the address where the car is stored, submitting photos of the car in the garage or storage unit, or providing a copy of your lease or rental agreement.
Can I still get the discount if I park my car on the street?
No, a garaging/storing car insurance discount typically requires that the car be stored in a secure location, such as a garage or storage unit. Parking on the street does not qualify for this discount.
Will the discount apply if I temporarily store my car in a garage or storage unit?
The discount may still apply if you temporarily store your car in a garage or storage unit, but this will vary by insurance company and policy. Some companies may require that the car be stored in a secure location for a minimum period of time to qualify for the discount.
Can I get the garaging/storing car insurance discount if I live in an apartment?
Yes, you may still be eligible for the discount if you live in an apartment. However, you will need to store your car in a secure location, such as a private garage or storage unit, and provide proof of the car’s location to the insurance company.
Is the garaging/storing car insurance discount available in all states?
The availability of the garaging/storing car insurance discount varies by insurance company and state. Some states may have specific regulations that limit or prohibit the use of this type of discount. It’s best to check with your insurance company to see if they offer this discount in your state.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.