Car Insurance Quotes: Is parking on the driveway overnight cheaper than parking on the road?

(article posted 18/02/2020)

Does parking on the driveway produce better quotes than parking on the road?

Here we share insurers' views on overnight parking and why it's not as clear-cut as you'd hope...

In the 'olden days', when I first started in insurance, it was accepted that some overnight parking locations were universally better than others. Now, contrary to popular belief, having your car garaged or parked on a driveway overnight isn't always going to produce the cheapest quote.

With the advancement of technology and the increased analysis of claims data, each insurer now has its own stance on the securest parking.

Some insurers will still say that cars parked on a public road represent a greater risk of hit and run accidents, theft or vandalism claims. However, others can provide data to show that cars parked on a driveway are at a higher risk of theft because thieves can easily pinpoint which house they need to approach to gain access to the keys - either by forcing entry or cloning the key. Being parked on the road removes that certainty.

If you have the luxury of multiple parking options (and you must be truthful of course), it's worth getting quotes based on each scenario to see which is most cost-beneficial for you. If you're getting your quotes online that's quite an easy comparison for you to make yourself but even when you're speaking to a provider on the phone they can perform this check for you and ensure you get the best cover/price combination for your needs.


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