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Started By
Message
Any cons to submitting a "Vehicle Statement of Non-Use"?
Posted on 7/25/16 at 10:11 pm
Posted on 7/25/16 at 10:11 pm
I have a car that I never use. My girlfriend's car is brand new, and we rarely need both at the same time. I don't want to keep paying insurance on it, but I'm also not ready to sell.
The OMV website doesn't say anything about turning in my license plate or having my registration "canceled."
Anyone have experience with this? Will it make it harder to sell the car when I'm ready to?
Thanks
The OMV website doesn't say anything about turning in my license plate or having my registration "canceled."
Anyone have experience with this? Will it make it harder to sell the car when I'm ready to?
Thanks
14
Posted on 7/25/16 at 10:15 pm to Bill Dauterive
You can't drive it
Posted on 7/25/16 at 10:16 pm to Bill Dauterive
one of yall needs to get a job
also pics
also pics
This post was edited on 7/25/16 at 10:17 pm
Posted on 7/25/16 at 10:19 pm to Bill Dauterive
Just don't pay come renewal time.
Posted on 7/25/16 at 10:20 pm to Bill Dauterive
in school still but also living with a girl and using her car
trashy
trashy
Posted on 7/25/16 at 10:22 pm to Bill Dauterive
seems to me like there was some kind of ruckus in LA a while back where they were trying to get people to pay for some kind of bullshite associated with this kind of thing. I can't remember what it was, but it seemed to hinge off expired tags from years ago or something like that. maybe someone there can fill us in...
Posted on 7/25/16 at 10:23 pm to Bill Dauterive
You can get insurance where you only drive your car a maximum of X amount of miles a year for cheaper. Or you could just sell it
Posted on 7/25/16 at 10:25 pm to Bill Dauterive
If you don't maintain continuous coverage, when you do decide you need it again, it'll be more expensive.
Posted on 7/25/16 at 10:26 pm to Bill Dauterive
You better have that plate turned in before cancelling your insurance. Your license will be flagged and you won't be able to renew your license without paying a fine.
Option 2 would be reducing your coverage to bare minimum, but I wouldn't be caught dead (or alive) being underinsured.
Option 2 would be reducing your coverage to bare minimum, but I wouldn't be caught dead (or alive) being underinsured.
Posted on 7/25/16 at 10:47 pm to Bill Dauterive
If you live in a state like Louisiana a vehicle statement of non-use just protects you from a fine for not paying insurance on a vehicle..
It has nothing to do with it you want to sell it at any point..
It's just stating the vehicle is not going to be driven and therefore you don't have to pay insurance..
This state is anal and requires you to pay insurance on vehicles you own, even if you don't drive them.. unless of course you fill this out..
It has nothing to do with it you want to sell it at any point..
It's just stating the vehicle is not going to be driven and therefore you don't have to pay insurance..
This state is anal and requires you to pay insurance on vehicles you own, even if you don't drive them.. unless of course you fill this out..
Posted on 7/25/16 at 10:48 pm to southernelite
quote:
If you don't maintain continuous coverage, when you do decide you need it again, it'll be more expensive.
false. at least for us..
we had a vehicle we put in non use and didn't pay insurance on..
added it back months later.. not issue.. no extra expense..
we saved a ton of money by not paying insurance on a vehicle we weren't driving..
so i have no idea what you are talking about..
Posted on 2/5/19 at 9:20 am to beauchristopher
R.S. 32:861.3
LINK
This seems silly. By the looks of it you could literally have a dozen cars without insurance, as long as you submit this statement at the beginning of the registration period and set it to expire at the end of the registration period. You would therefore only need to insure the car 1 day out of the whole year to renew your registration and do inspections.
From your stories this loophole seems to be feasible. This is GREAT for people with multiple cars... you can have a daily driver, take the truck out when you need it, get a full sized SUV for road trips and a sports car for summer weekends. You'd only have to pay insurance for the days you use it... The insurance company won't complain about not having continuous coverage as long as you have at least one car on your policy at all times.
If you talk to the DMV they may state it will be 3 days after you file until you can drop coverage, which contradicts the law, the form and expresslane. No one i've talked to has had issue with dropping the same day you submit the affidavit.
Form:
LINK
LINK
This seems silly. By the looks of it you could literally have a dozen cars without insurance, as long as you submit this statement at the beginning of the registration period and set it to expire at the end of the registration period. You would therefore only need to insure the car 1 day out of the whole year to renew your registration and do inspections.
From your stories this loophole seems to be feasible. This is GREAT for people with multiple cars... you can have a daily driver, take the truck out when you need it, get a full sized SUV for road trips and a sports car for summer weekends. You'd only have to pay insurance for the days you use it... The insurance company won't complain about not having continuous coverage as long as you have at least one car on your policy at all times.
If you talk to the DMV they may state it will be 3 days after you file until you can drop coverage, which contradicts the law, the form and expresslane. No one i've talked to has had issue with dropping the same day you submit the affidavit.
Form:
LINK
This post was edited on 2/5/19 at 9:22 am
Posted on 2/5/19 at 9:24 am to southernelite
I believe southernelite has a point. I did this a few years back with a truck I no longer used. I paid dearly 7 months later when I wanted to restart the insurance. My insurance agent told me I made a mistake after the fact.
I have a new ins agent now.
I have a new ins agent now.
Posted on 2/5/19 at 9:30 am to Bill Dauterive
Sell it then, what is it? I'm in the market for a car. 
Posted on 2/5/19 at 10:00 am to jeffsdad
Continuous coverage refers to the person being insured, not to the vehicle. It's used as indicator of risky drivers, it has nothing to do with the vehicle. Doing a year long statement of non use is only helpful if you have multiple vehicles.
I know geico will give you insurance ID cards for anything with a VIN... so if you need insurance for rental cars or as extra insurance while driving someone else's car, you may be able to walk around and get an insurance policy on some random cheap safe car you found parked somewhere.
Good luck filing a claim though, lying to your insurance can be cause for them to deny claims. I would only use that strategy to keep continuous coverage if I didn't own a car.
@Hogwartz
I have a spare subaru outback with annoying transmission problems, but I might use nonuse statements to get a Miata or BRZ to drive on summer weekends. While having a minimal increase in my car insurance bill over my daily Chevy.
I know geico will give you insurance ID cards for anything with a VIN... so if you need insurance for rental cars or as extra insurance while driving someone else's car, you may be able to walk around and get an insurance policy on some random cheap safe car you found parked somewhere.
Good luck filing a claim though, lying to your insurance can be cause for them to deny claims. I would only use that strategy to keep continuous coverage if I didn't own a car.
@Hogwartz
I have a spare subaru outback with annoying transmission problems, but I might use nonuse statements to get a Miata or BRZ to drive on summer weekends. While having a minimal increase in my car insurance bill over my daily Chevy.
This post was edited on 2/5/19 at 11:23 am
Posted on 2/5/19 at 10:07 am to Bill Dauterive
quote:
Bill Dauterive
Posted on 2/5/19 at 10:18 am to Bill Dauterive
quote:
The OMV website doesn't say anything about turning in my license plate or having my registration "canceled."
Anyone have experience with this?
Just follow the rules, and you'll be fine. It's a simple process.
Posted on 2/5/19 at 10:50 am to fossprime
quote:
I know geico will insure anything with a VIN
Wrong.
Posted on 2/5/19 at 10:56 am to Bill Dauterive
Put the car in GF's name, insure them on the same policy. Adding an additional car/driver is cheap.
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