If your vehicle is off the road, or you intend to put it in storage, a Vehicle in Storage policy is what you want. It includes Collision, Comprehensive, Specified Perils, Basic and/or extended Third-party Liability insurance, as well as Replacement Cost Coverage and Limited Depreciation coverage for certain newer vehicles.
The cost for a one-year storage policy depends on the model and age of the car, and where it’s parked. For example, the cost for a 2008 Toyota Corolla would be approximately $500. Remember that it needs to be stored on private land and the Vehicle in Storage coverage is void if your vehicle is operated at any time during the policy.