Vehicle Storage Insurance

Storage Insurance Isn’t Mandatory But It Is Recommended

Even though vehicle storage insurance isn’t mandatory in Ontario for vehicles that are being parked or put into long-term storage, vehicle storage insurance is still highly recommended. However, your vehicle may require having vehicle storage insurance coverage if you are leasing or financing the vehicle.

There are many types of vehicles that can be protected with vehicle storage insurance including seasonal use vehicles such as RVs and motorhomes, motorcycles, ATVs, and even classic and collector vehicles. The onus is on the vehicle owner whether or not they wish to protect their vehicle while it is in storage.

Below, our auto insurance brokers at Huronia Insurance Group outline some of the reasons why we feel you should consider protecting your asset with vehicle storage insurance.

Lower Insurance Costs

Only insure for the provincial minimum – Third-party damage is unlikely to occur from a vehicle that is not being operated on the road. To save on storage insurance costs you can reduce third party liability to the provincial minimum of $200,000.

Remove collision insurance – Collision insurance is not needed while your vehicle is in storage, so this will also help you save on vehicle storage insurance costs. However you should consider fire and theft insurance coverage.

Keep Your Theft & Comprehensive Insurance

Huronia Insurance Group highly recommends that you keep your comprehensive auto insurance coverage while your vehicle is in storage. Theft and comprehensive insurance will protect your vehicle from unforeseen circumstances that might arise. Such perils can include (among others):

Fire Broken Windshields or Glass
Falling Objects Damage Caused by Fire or Explosion
Theft or Vandalism

Note: Classic car insurance and motorcycle insurance in Ontario are for 12-month terms and generally include vehicle storage during the off-season.

Should your vehicle be stolen, theft and comprehensive vehicle storage insurance will cover the cost of recovering the car and if necessary, repair costs to the vehicle. If your vehicle is damaged by any of the perils listed on your insurance policy, then your insurance policy will also cover those repairs as well.

Understanding Perils

Every Ontario auto insurance company will have its own list of perils applicable to the vehicle storage insurance policies they sell. Call our Huronia auto insurance brokers at 1-866-955-8386 if you need help to determine what types of vehicle storage insurance coverage will meet your specific needs.

About Huronia Insurance Group

For more than 22 years Huronia Insurance Group has been meeting the auto insurance needs of Ontario residents between Barrie and Toronto. Ask us about additional auto insurance coverages like motorcycle insurance, boat insurance, and motorhome & RV insurance. Let us help you find the best storage insurance policy for your needs.

If you still have questions about vehicle storage insurance in Ontario, please contact our Huronia insurance brokers online or send us an email.

To speak with a Huronia Insurance broker directly please call:

Toll-FREE: 1-866-955-8386

Barrie: 705-721-4755

Greater Toronto Area: 416-628-3535

Contact Huronia Insurance
Offering 199 Years of Combined Experience
Call 1-866-955-8386 OR


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