You figure you’ve covered your bases with your car when you buy auto insurance. But there’s a difference in what’s covered if you hit a downed tree while driving versus having your car get hit by a falling tree when it’s parked. If you signed up for collision coverage with your auto policy, you’re set (minus deductible) for the first instance. If you didn’t also opt for comprehensive coverage, though, you may be out for the damages to your parked car. This is where the necessity for parking insurance comes in.

It’s important to first know the difference between collision and comprehensive coverage; both are needed to have fully comprehensive parked car insurance.

  • Collision covers vehicle damage whether you or another driver causes an accident. It also comes into play for hit-and-runs (moving and parked) and damage from uninsured motorists.
  • Comprehensive insurance covers vehicle damage from incidents versus collisions, which should be specified in the rider to the policy.

In that context, here’s some food for thought while choosing your parked car insurance.

  • Weather damage. You should consider comprehensive coverage, especially if you regularly park outdoors. To minimize the risk of storm damage, if possible, park under a carport or in a garage instead.
  • Vandalism. For a car parked at home, you may know who damaged your car. If that’s the case, first report it to the police, then you can file a property damage claim against their policy, avoiding the deductible and a bump in your rates. Otherwise, it’s a claim on your comprehensive policy.
  • Stolen car. Then there’s the sinking feeling of being violated when your car’s been stolen from the lot while you were at work. You must hold comprehensive coverage on your auto policy (not your homeowner’s) to be covered for this loss, by law in every state in the U.S.
  • Parking garage damage. In this setting, vandalism and theft and broken windows will be covered by comprehensive insurance. Collision will protect you from bumping another car, wall dings and scrapes, and hit-and-runs. If your car is damaged in the latter type of incident, it’s also useful to have uninsured motorist property damage coverage to recoup losses.
  • Car storage. You can suspend your liability and collision coverage but keep your comprehensive if your car is being stored for at least 30 days. You’ll lower your premiums but still protect it.

Most people think about on-road scenarios when they are evaluating auto insurance policies and the extent of their coverage. But since your parked car can be at risk, too, it’s smart to make sure you are protected for every contingency with proper parked car insurance.

If you would like to speak with one of our experts about your car and parking insurance needs, you can contact HUB today. Additionally, we have an online tool that allows you to compare auto insurance quotes here.