WebDec 5, 2024 · Unfortunately, most car insurance companies won’t allow you to put your insurance on hold—but there may be other cost-saving opportunities for you! Contact your insurance agent and ask if they can put your vehicle on a storage plan. WebFeb 4, 2024 · The simplest option is to cancel your policy completely and then purchase new coverage when your car is back on the road again. This means you won’t have to pay anything for insurance while your car is out of use. However, you won’t have any coverage in place against off-road risks like fire, theft and vandalism. Reduce your level of coverage.

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