The summer is over, and you’ve retired your sporty motorcycle or classic convertible to the safety of your garage. Canceling the insurance may seem like a good way to save some money in the winter months, but the cheap car insurance pros at 1st Choice Insurance, in Fairfield, OH, are here to explain why you might want to reconsider.

In most states, a car is required to carry the legal minimum insurance if it is registered in that state. If you decide to cancel the insurance, this would mean you’d also need to cancel your registration and store the car until you plan on driving it again. Letting your insurance lapse can cause a significant increase in your insurance, as many car insurance companies will charge higher rates without existing insurance coverage.

Another thing to keep in mind is what will happen if your vehicle is damaged or stolen while it’s parked all winter. If you cancel your insurance, you’ll be forced to pay any expenses out of your own pocket. Some people make the mistake of thinking their homeowners insurance will cover any potential losses or damages as long as the vehicle is parked inside the garage, but this isn’t always the case. A good option to consider would be scaling back your coverage by canceling your liability and collision coverage but maintaining your comprehensive coverage. This will ensure you’re covered if anything happens to your vehicle and can save you some money on your monthly premiums.

If you have questions about your car insurance, contact the experts at 1st Choice Insurance. They’re one of Fairfield’s leading cheap car insurance companies with over 30 years of experience helping their customers receive insurance. Visit them online to request a cheap car insurance quote, or call them at (513) 860-0666 to learn more about their SR-22 insurance.