Insurance for a Garaged Car
Compare car insurance quotes online in minutes to help you find cover for your garaged car.
Fact checked
Looking for insurance for a car parked in a garage? Safeguarding your vehicle while it's off the road is just as crucial as protecting it while you're behind the wheel. Whether you have a classic car, need coverage for a temporarily unused vehicle or simply want cover that reflects your parking situation, having the right insurance is essential.
You can compare car insurance offers online from leading providers side-by-side, helping you to find the best possible deal for your needs. Get a quote today and ensure your garaged car is protected with the right insurance coverage.
How does garaging affect my car insurance premiums?
The fact that your car is stored in a garage can have a positive impact on your car insurance premiums. Insurance companies generally view garaged cars as being at a lower risk compared to cars parked on the street. Garaging your car reduces its exposure to potential theft, vandalism and damage from external factors such as weather events.
When applying for car insurance, be sure to inform the insurer that your car is garaged. They’ll consider this information when assessing the risk profile of your vehicle and determining your premium.
It's important to note that the specific impact on premiums can vary depending on other factors such as your location, driving history and the insurance provider's policies. To get a more accurate estimate of the cost of your insurance premiums, you can compare quotes online.
What are the benefits of parking your car in a garage?
Parking your car in a garage offers several benefits that can positively impact your vehicle's condition, safety and insurance coverage. Here are some key advantages of parking your car in a garage:
- Protection from the elements: parking in a garage shields your car from harsh weather conditions such as heavy rain, hail, snow and intense sunlight. This helps prevent potential damage to the exterior, paintwork and interior of your vehicle, even if you’re driving a used car.
- Reduced risk of theft: a garage provides a secure and enclosed space for your car, reducing the risk of theft or unauthorised access.
- Prevention of vandalism and damage: by parking your car in a garage, you minimise the exposure to risks such as acts of vandalism, accidental scratches or damage caused by other vehicles passing by, which may be the case if you were parked on the road. This helps maintain the overall condition and value of your car.
- Extended lifespan of components: regular exposure to the elements, such as UV rays and extreme temperatures, can deteriorate various components of your car over time. Parking in a garage can help preserve the longevity of your vehicle's tyres, battery, paint and interior materials.
- Privacy and personal convenience: having a garage provides added privacy for your vehicle and can offer convenience during adverse weather conditions. It may allow you to avoid defogging your windshield on a brisk morning or dealing with a hot interior on sunny days.
- Cheaper insurance premiums: insurance providers often view garaged cars as less risky, leading to potentially lower insurance premiums.
Remember to check with your insurance provider to understand the specific benefits and potential discounts associated with parking your car in a garage. Always read your policy documents carefully and discuss any garage-related features or requirements to ensure you have the appropriate coverage for your car.
Is it necessary to have insurance for a garaged car?
While it may seem tempting to think that insurance isn't necessary for a garaged car, it can provide a level of financial protection and peace of mind in case the unexpected happens and is covered by your policy. Even if your car is securely stored in a garage, it can still be vulnerable to various risks such as theft, vandalism or damage from fire, extreme weather or other unforeseen events, although these risks may be lessened.
However, it’s important to note that comprehensive and third party insurance aren’t mandatory in Australia, with the only type of insurance you’re required to get being compulsory third party (CTP) insurance. Weigh up the pros and cons of car insurance coverage to help you determine which policy is the most suitable for your needs.
Are there any special considerations for classic or vintage garaged cars?
There may be specific considerations for classic or vintage garaged cars when it comes to insurance. These often hold sentimental and financial value, making their insurance needs more unique. When insuring a classic or vintage garaged car, it's important to choose coverage that accounts for the car's specialised nature.
Some insurers offer classic car insurance policies which are specifically designed to address the requirements of these vehicles. Most notably, they can provide agreed value cover, which considers the car's rarity, condition, and appreciation potential. These policies can also offer additional benefits such as choice of repairer, salvage rights and limited use cover options.
When insuring a classic or vintage garaged car, it's crucial to provide accurate information about the car's value, condition and usage patterns. This helps ensure that you have the appropriate level of coverage and that any potential claims are handled properly.
It's important to compare offers from insurance providers to understand the specific coverage options available and obtain quotes tailored to your classic or vintage garaged car's needs.
Types of car insurance you can choose from
The most basic type of optional cover available, TPPD insurance can offer protection for damage caused by your vehicle to other people's property. However, no damage to your vehicle will be covered.
A step up from TPPD, TPFT insurance can also cover damage to your vehicle sustained due to a fire or theft (or attempted theft) in addition to third-party property damage if you're in an at-fault accident.
The most extensive (and expensive) form of cover, comprehensive car insurance can also offer cover for damage to your vehicle in an accident, collision and certain weather events on top of the areas TPFT covers.
More questions about car insurance for garaged vehicles
Helpful guides on car insurance
Compare car insurance policies with Compare the Market
Explore car insurance options by make
Select your car make and find out how much it may cost to insure, read helpful guides and compare quotes.
Disclaimer:
Savvy (ABN 78 660 493 194, ACR 541 339) provides readers with a variety of car insurance policies to compare. Savvy earns a commission from our partnered insurers each time a customer buys a car insurance policy via our website. All purchases are conducted via our partners’ websites. The integrity of our comparison service is unaffected by our partnerships with those businesses and our effort remains to bring further brands that do not already use our comparison service onboard.
Savvy’s comparison service includes selected products from a panel of trusted insurers and does not compare all products in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy. We always recommend readers to consult the Product Disclosure Statement (PDS) of different policies before purchasing your car insurance.