Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 23-09-2009, 15:31   #1
Registered User

Join Date: Apr 2008
Location: San Diego, CA
Boat: Will be a 50' Cat
Posts: 382
Do Long Term Cruisers Keep Auto Insurance ?

Just wondering how many cruisers out there keep up their Auto Insurance while they are out crusing. It may be necessary in order to rent cars at your ports of call or to have on those occasions when you fly home....so maybe it is a necessary evil ?
__________________

__________________
capcook is offline   Reply With Quote
Old 23-09-2009, 15:54   #2
Registered User
 
Tom Hildebrandt's Avatar

Join Date: Apr 2009
Location: Beaufort, NC
Boat: Radford 40
Posts: 149
I have to keep it, in NC you need it to have a drivers license which is a useful form of ID and in case I need to rent a car. My car in the states does not have a current tag, and is in storage!
__________________

__________________
Tom Hildebrandt is offline   Reply With Quote
Old 23-09-2009, 16:02   #3
Registered User

Join Date: Jan 2006
Location: Fort Worth, Texas
Boat: Hans Christian Christina (40') in March 09
Posts: 198
I talked with My agent and he said if you drop it entirely while your gone, then you face much higher rates when you get back. The alternative is give your car to a family member for their use and ask them to add you to thier insurance as an 'occasional driver'. It probably won't have much impact, may be beneficial actually and you keep coverage the whole time.

2divers
__________________
Getting closer to leaving every day!
2divers is offline   Reply With Quote
Old 23-09-2009, 16:09   #4
Registered User
 
Sailabel's Avatar

Join Date: May 2006
Location: Home Base: Seattle; Currently Cruising in Mexico
Boat: Tayana 37- Victoria Rose
Posts: 151
Hi, we had talked with our agent and got the same advice as given by 2divers. We decided to keep one of our vehicles and are keeping it at our son's house.

As a side note, we also kept our house, so the home/landlords insurance and the vehicle insurance are with the same company/agent.

The big issue for us is that we were getting 'preferred rates', whatever that really means.... and that reapplying after being uninsured would be expensive. We ran the numbers (assuming we were given the right info) and it came out better to keep our insurance active, but with less coverage.
__________________
Steve Abel
SV Victoria Rose, Tayana 37
www.sailvictoriarose.com
Sailabel is offline   Reply With Quote
Old 23-09-2009, 17:41   #5
Senior Cruiser
 
colemj's Avatar

Cruisers Forum Supporter

Join Date: Oct 2005
Location: Presently on US East Coast
Boat: Manta 40 "Reach"
Posts: 10,049
Images: 12
You can also get non-owners auto insurance, which allows you to "keep" active auto insurance at favorable rates and covers rental cars, etc. We have ours through Geico.

Mark
__________________
www.svreach.com

You do not need a parachute to skydive. You only need a parachute to skydive twice.
colemj is offline   Reply With Quote
Old 23-09-2009, 19:41   #6
Registered User

Join Date: Apr 2008
Location: San Diego, CA
Boat: Will be a 50' Cat
Posts: 382
Quote:
Originally Posted by colemj View Post
You can also get non-owners auto insurance, which allows you to "keep" active auto insurance at favorable rates and covers rental cars, etc. We have ours through Geico.

Mark

Thanks all ... that is pretty much what I was afraid of... Argh.. another $600-700 buck line item for the budget...


Thanks Mark... that's a great idea... I will have to check with St. Farm to see if they have such a plan too..

Cheers
__________________
capcook is offline   Reply With Quote
Old 23-09-2009, 19:49   #7
Long Range Cruiser
 
MarkJ's Avatar

Cruisers Forum Supporter

Join Date: Dec 2007
Location: Australian living on "Sea Life" currently in England.
Boat: Beneteau 393 "Sea Life"
Posts: 12,828
Images: 25
Quote:
Originally Posted by capcook View Post
Just wondering how many cruisers out there keep up their Auto Insurance while they are out crusing.
Like... who has a car?
__________________
Notes on a Circumnavigation.
OurLifeAtSea.com

Somalia Pirates and our Convoy
MarkJ is offline   Reply With Quote
Old 23-09-2009, 20:20   #8
Senior Cruiser
 
nautical62's Avatar

Cruisers Forum Supporter

Join Date: Jul 2008
Location: Live Iowa - Sail mostly Bahamas
Boat: Beneteau 32.5
Posts: 2,264
Images: 12
Quote:
Originally Posted by capcook View Post
Thanks all ... that is pretty much what I was afraid of... Argh.. another $600-700 buck line item for the budget...

Cheers
I was able to retain a non-moving coverage for a vehicle not in use for a fraction of that.
__________________
nautical62 is offline   Reply With Quote
Old 23-09-2009, 21:10   #9
Marine Service Provider
 
SV THIRD DAY's Avatar

Cruisers Forum Supporter

Join Date: Aug 2006
Location: La Paz, Mexico
Boat: 1978 Hudson Force 50 Ketch
Posts: 3,653
Car? Why would a long term cruiser need or keep a car? Just buy the short term rental insurance and be done with it...why add another line item to your monthly cruising nut? But we try and cruise as cheaply as we can.

Good Luck
__________________
SV THIRD DAY is online now   Reply With Quote
Old 23-09-2009, 21:35   #10
CF Adviser
 
Pelagic's Avatar

Cruisers Forum Supporter

Join Date: Oct 2007
Boat: Van Helleman Schooner 65ft StarGazer
Posts: 6,894
Insurance? . Philippines? LOL...
__________________
Pelagic is offline   Reply With Quote
Old 23-09-2009, 23:35   #11
Senior Cruiser

Cruisers Forum Supporter

Join Date: Mar 2006
Location: Whangaparaoa,NZ
Boat: 63 ft John Spencer Schooner
Posts: 956
When we got back the ins company wanted exorbitant amounts of money coz I hadn't had a car in 14 years.
I bought a 20 yr old corolla that I can afford to push off a cliff, and only carry third party. Problem solved.
__________________

dana-tenacity is offline   Reply With Quote
Old 23-09-2009, 23:35   #12
Registered User

Join Date: Jan 2006
Location: Fort Worth, Texas
Boat: Hans Christian Christina (40') in March 09
Posts: 198
Sell the car and get the kids to out you on thier insurance

What will likely happen is their insurance will drop slightly as you have a longer better driving record.. Better for them and you get to keep insurance (for free probably!)
__________________
Getting closer to leaving every day!
2divers is offline   Reply With Quote
Old 24-09-2009, 05:01   #13
Registered User

Join Date: Mar 2005
Location: FL
Boat: Far East Mariner 40
Posts: 652
We decided to keep ours, we still have a car, it was in my daughters care. We have stopped for a while in Jax and are presently using. Once we start back on our travels we will still maintain the insurance. The Geico people said it would be prudent to keep, car or not. Prices and availability when you want to pick it up again will be higher.
__________________
Islandmike is offline   Reply With Quote
Old 24-09-2009, 09:00   #14
Senior Cruiser
 
osirissail's Avatar

Cruisers Forum Supporter

Join Date: Feb 2009
Location: A real life Zombie from FL
Boat: Gulfstar 53 - Osiris
Posts: 5,416
Images: 2
- - Insurance is a sticky subject and really depends upon your age and your future. Young cruisers with no significant assets at home can run naked and chances are they will be fine. But for the long-time cruisers with significant assets they do not want to lose, maintaining a "link" to your home country and insurance system can save significant money later. As your age increases the rates on insurance increase dramatically and finally become unattainable except by having to join the "pool". Like retirement accounts and life insurance, car insurance can lock in a low rate for most of your life - and - more importantly lock-in your eligibility to get other than "pool" insurance.
- - Long term cruisers have only two futures - die on your boat/foreign country or die in your home country having returned for medical or other reasons. That means maintaining links to insurance in your home country unless you want to totally close out that option. See the threads on medical insurance for some good information.
- - I solved the household/personal property and personal liability problem by switching from house to "renters insurance" on my Storage Unit for all the junk I cannot bear to part with even though I have not seen or used any for the last 10 years. That keeps active my links to my insurance company which handles everything except my vessel insurance. When I visit my "home country" for family or medical reasons I now have full coverage as if I never left (sort of). It is the famous principle of "not burning bridges you may need to retreat over."
__________________
osirissail is offline   Reply With Quote
Old 24-09-2009, 09:26   #15
Senior Cruiser
 
Cheechako's Avatar

Cruisers Forum Supporter

Join Date: Aug 2006
Location: Skagit City, WA
Posts: 19,365
Here's the scoop. KEEP at least minimal insurance. The ins company can put you in "suspense" which may cost you $10 a month total while gone (guessing). Other wise when you come back you are lumped statistically into the category with "previously uninsured". That category is for the 16 year olds and DUI's... get it? it's going to be real expensive for a couple of years...
__________________

__________________
Cheechako is offline   Reply With Quote
Reply

Tags
long term cruising

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Long Term in the Canary Islands Gisle Marinas 26 06-03-2016 15:14
Long-term Dry Storage chartertom General Sailing Forum 1 13-05-2009 07:31
long Term Storage sjs Engines and Propulsion Systems 5 19-01-2007 13:46
Long term budget. Alan Wheeler General Sailing Forum 3 20-06-2005 11:16
Long Term Charter boatboys General Sailing Forum 0 03-06-2005 18:03



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 22:45.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.