My car ins is canceling due to claims … I have a prem due today should i pay or search other ins. companies
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UPDATED: Oct 12, 2011
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Insurance Question from Boiling Springs, SC
Asked on 10/12/2011
My car ins is canceling due to claims … I have a prem due today should i pay or search other ins. companies My policy cancels tonight at midnight and today I rec. a letter that due to my claims they are canceling my policy on nov. 13th what should i do I mean will I need money to buy ins somewhere elese so should i go ahead and let it cancel and go tom and buy a new policy???
Answer given on October 13, 2011
If your auto insurance is being cancelled due to claims, it may not be easy to find replacement coverage immediately. I would recommend you pay the installment due on your existing policy since this will give you additional time to find replacement insurance.Many insurance companies will not write auto insurance if you have been cancelled or non renewed by another company, or if you have excessive claims. You may need to find a specialty insurance company that insures drivers who have claims or ticket issues. Sometimes a higher deductible may be required to help defray any future claims.You can contact a local independent agent who represents several insurance companies, including those who will write high risk policies. You can also find some of the companies on the internet but you need to be sure you understand the limitations of the policy. That is why it may be better to speak to an agent who can explain all options you may have and the differences between some of the companies.
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