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No. Except if you want to think about the possibility of that car being stolen. If it is not on a home owners policy, then you should have some sort of theft insurance on it. But if the car is not being driven on the road you do not need insurance on it.
Clarification:
A homeowners insurance policy will not cover your vehicle; you have to have a separate auto policy for it. But if you have a car that you are not using and don't plan to use, you can turn the license plates in to the DMV and then cancel the insurance on the car.
Another take: actually, this depends on the state. I lived in Oregon for many years, and according to state law, all Oregonians are required to have car insurance on ALL CARS THEY OWN, even if the car is not used. Granted the majority of people who have cars they never drive don't bother to insure them (I wouldn't), but if a car does not have insurance, even if not driven, it can be towed.
Check your state laws on this. The answer varies by state.
ONE MORE THOUGHT: If the vehicle is financed, the contract you signed with the bank or finance company probably requires you to have physical damage coverage on the vehicle as well. I agree with the "Clarification" and "Another Take" in that laws vary from state to state so check your state laws. Homeowners policies specifically exclude coverage for any self-propelled vehicles other certain types such as lawn mowers. In most states you cannot have tags without proof of insurance. In Georgia one day with an active tag but no insurance will get you a fine. Continuous disregard will result in increased fines, registration revocation, impoundment of the vehicle, and cancellation of your drivers license.
If your particular state requires it and the vehicle is registered, then you probably need to insure it.
If you are storing the car in a garage, you may want to insure it with a personal property insurance plan. Those are pretty cheap and only insure something to it's full value. Many car collectors have invested literally thousand upon thousands of dollars in their cars so they unsure them for their value in case of fire or other unforeseen damages. Home owner's insurance may cover a vehicle if it is garaged if the car is listed as an asset on the homeowners policy as a personal property investment but that is a very gray area.
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If the car your fiance and you share is titled under his name and he has insurance do you also need car insurance?
If you drive the car then you need car insurance.
If you don't own a car do you need car insurance?
If you are going to drive a car, you should have insurance.
Do you need insurance if you have a drivers license but do not drive or own a car?
No, the insurance is on the car, not the person.
Do you need car insurance if under eighteen?
Every individual must drive with car insurance.
Do you need car insurance if you have a permit?
In order to drive a car, you must have insurance. You do not have to have insurance with a permit if you're not planning on driving the car.
What do you need to drive in America?
To drive in America, you need a drivers license and a car.Also need car insurance. It is illegal in most states not to have insurance.
If you have a PA permit and live at home do you need to have insurance?
You don't need insurance, but the car that you drive does.
Do I need car insurance to drive my parent's car?
yes, you need insurance to drive any car ,it is likely compulsory for all, but in some countries, if you have licence and parents give you permission ,then you can drive,it's depend on laws of insurance ,which changes from state to state
Do you need insurance to test drive a car?
i think yes,you need insurance if you want to test any kind of car, weather it is for test drive or permanent drive, i think you should take short term temporary insurance, which will help you
Do you need a license to buy car insurance?
yes you do or how are you ment to drive the car
Do you have to have auto insurance if you have a drivers license but no car?
If you have your G2 or higher you need insurance to drive.
Do you need insurance for a salvage car?
You only need insurance if you are going to tag it and drive it. If it is just for parts or scrap, you don't need insurance.
