Comments on cancel your car Insurance

First, homeowner's insurance will not cover the automobile. So if it were stolen or lost in a fire, wind, or other peril, you would be without coverage. If you are making payments on the vehicle, the lien holder will require you to maintain insurance on it to cover their lien. They don't care about liability just property coverage. Most states require you to maintain liability insurance or file forms to suspend or cancel the registration.

While your plan sounds good, it is not workable. If you carry more than the minimum liability coverage on the vehicle (and you should), you could reduce it the minimums to save money while stored. That way everyone is happy except the insurance company.