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Overnight parking – the impact on car insurance

Overnight parking – the impact on car insurance

Car insurance premiums seem to be constantly on the rise. If you’re looking for a way to possibly reduce the cost of your premiums, it might be time to do something to ensure safer overnight parking. This is our guide to what you need to know.

Daniel Hutson
From the Motor team
minute read
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Posted 11 NOVEMBER 2019

How could overnight parking help me save money on my car insurance?

Some insurance providers are adamant that where you park your car at night can determine the risk of it being stolen or damaged. In their opinion, parking your car anywhere other than in the street is the safest option. Ideally, you should park your car in a car port or on the driveway of your home.

While you might think that a garage is the best overnight option, some insurance providers see this as an opportunity for you to damage your car as you drive in and out, so a reduction on your car insurance is not guaranteed.

Those living in flats and/or in the city will often have no other choice but to park in the streets. In these instances, it may be worth considering parking your car in a private or patrolled area.

Do I need to park in the same place every night?

No. While you should try to be as consistent as you can, it goes without saying that it isn’t always possible to park in the same spot every time your car is left unattended. There are bound to be times when you may be staying with friends, relatives, or even at a hotel out of town. These instances are all acceptable and would not impact on your cover.

Should you change your regular parking habit, however, or perhaps no longer have the parking facility that you detailed to your insurance provider, you should immediately notify them and update your policy.

Does the street have an impact on the risk factor?

Yes – the street in which your vehicle is parked overnight could also have an impact on your premium, as some pose a higher risk of theft or vandalism than others. Many inner-city suburbs tend to fall into this category.

Insurance companies could assess this element based on their data on your street’s postcode, such as the claim or crime rate.

What can I do to reduce my overnight parking risk?

Securing your car in the most efficient manner of parking at night, as we discuss above, could be beneficial. If you park your car overnight in a garage or driveway, you might want to think about installing extra home security, such as motion-activated spot lights.

When left with no other option but to park on the street, try to look for an area that provides good overhead street lighting, as this can help to deter car thieves.

Always ensure that your car keys are not left hanging by the door or just thrown onto the table, as a break-in of your house could provide burglars with easy access to your garage.

Remember that overnight parking is just one of many elements that may have an impact on the cost of your car insurance premium. You can potentially make huge savings on your car insurance by exploring the marketplace and opening yourself up to offers from insurance providers that you had perhaps not considered beforehand.

You can compare a variety of car insurance providers simply by using our car insurance comparison service. Get a quote in minutes to see if you can save.

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