What is car storage insurance & parked car insurance?

When you hear car storage insurance or parked car insurance, that usually means comprehensive-only coverage. When your car is in storage, dropping liability and collision coverage leaves you with just comprehensive coverage. Comprehensive coverage pays for damage caused by things that aren’t a car accident, like:

When should you consider car storage insurance?

Car storage coverage may be beneficial in a number of scenarios, such as inheriting a car you do not need, traveling for an extended time or not having plans to drive the car for part of the year. You may want to consider looking into alternative insurance options, like vehicle storage, when:

Does car storage insurance exist?

Technically, car storage insurance doesn't exist, says The Balance. It's just a term often used to describe minimum coverage for a vehicle in storage. Since you won't be driving your vehicle when it's stored or parked for a long time, you can usually drop or reduce coverages that protect against events that can occur while driving.