LOS ANGELES, CA / ACCESSWIRE / May 14, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org/) has launched a new guide that explains why drivers should keep continuous car insurance coverage and avoid insurance lapses.
Maintaining continuous car insurance coverage is important for every driver. Car insurance lapse can lead to many unpleasantries. Most people have their car insurance lapse from different reasons such as not having enough money to pay the bill, forgetting to pay the bill on time, they are no longer planning on driving, or they are drivers who sold their only vehicle, or their vehicle broke down.
Drivers who plan on canceling car insurance should know the following about the importance of continuous coverage:
- Disadvantages of an insurance lapse. Even if a driver has a good reason to let his car insurance to lapse, it's often is his best interest to maintain continuous coverage. Drivers who are involved in a car accident after their insurance lapsed will not be covered. Also, they are driving illegally and they may face fines or vehicle impoundment if pulled over. Furthermore, insurance companies consider drivers with lapsed car insurance to be high-risk drivers. For this reason, insurance companies will increase their premiums.
- Benefits of maintaining coverage. Drivers who maintain continuous coverage are seen as lower risk and pay lower premiums. Drivers who have their insurance lapsed for several months or a year, are treated as new, inexperienced drivers by insurance providers. Drivers who do not own a vehicle can be covered in different situations like renting a vehicle, or borrowing a vehicle from a friend.
- Options that drivers with lapsed insurance have to be covered again. The first option is to call the insurance company and ask for the policy to be reinstated. Drivers who have never lapsed before should have no problem being reinstated. On the other hand, drivers who have a history of missing payments and letting car insurance lapse might have their requests denied. The other option drivers have is to ask to be listed as a driver on a family member's policy or a friend's policy.
- Exceptions to lapsed coverage requirements. Drivers who are also active-duty military personnel can get insurance easy, even if they have been uninsured while deployed or training on base. Teenage drivers can get insurance while being listed on a parent's policy. Drivers who recently downsized to a motorcycle from a standard vehicle may meet continuous coverage requirements even though they do not technically have car insurance. However, not all insurance providers offer this exemption.
For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/.
Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
"Although canceling car insurance to save money might look like a good idea, this action is rarely the best decision. Drivers should avoid an insurance lapse in order to avoid paying higher insurance premiums", said Russell Rabichev, Marketing Director of Internet Marketing Company.
CONTACT:
Company Name: Internet Marketing Company
Person for contact: Gurgu C
Phone Number: (818) 359-3898
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Website: https://compare-autoinsurance.org/
SOURCE: Internet Marketing Company