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Online Vehicle Insurance – Avoid Having a Lapse in Coverage

Posted on Friday, Apr. 23rd 2021 12:20 PM by Online Auto Quotes in Vehicle Insurance No Comments »

Having a lapse in your auto insurance coverage could lead to serious legal and financial challenges, especially if you become involved in an accident while uninsured. In addition, depending on what state you live in and the driving laws, your old insurer could report your terminated policy to the state. If there is not a clear overlap or smooth transition from one policy to another, you could be penalized or find your driver’s license suspended.

Having a laps in coverage’s can also cause insurance companies to charge you higher premiums down the road because they may perceive you as a “high-risk” driver. When changing auto insurance companies/plans, your new insurer should be able to time the new policy so that it begins exactly as your old coverage ends.

Posted on Friday, Apr. 23rd 2021 12:20 PM | by Online Auto Quotes | in Vehicle Insurance | No Comments »

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