Most car insurance companies will raise your rates if there is a lapse in coverage on your record. Will Car Insurance Rates Increase After A Lapse In Coverage? If you're having trouble affording your premium, consider restructuring your policy using some of the tips outlined above. The longer you wait, the more expensive your rates will be once you get insurance again. If you don't have car insurance for a period of time, find another way to travel.ĭrivers that find themselves without car insurance should get a cheap policy as soon as possible to avoid higher rates in the future. Driving without auto insurance can be a costly mistake. If you experience a car insurance lapse, the most important thing to remember is that you should never drive uninsured. What To Do If You Have A Lapse In Coverage Whether the lapse in coverage was intentional or an accident, insurance providers will commonly penalize you by increasing the price of your insurance once you reactivate or purchase a policy. What Does It Mean To Have A Lapse In Coverage?Ī lapse in coverage simply means that you were not covered by an active insurance policy for a period of time. Our Recommendations For Cheap Car Insurance.Why Is It Important To Avoid A Lapse In Coverage?.What To Do If You Have A Lapse In Coverage.What Does It Mean To Have A Lapse In Coverage?.If you’re ready to compare free auto insurance quotes and find cheaper rates, enter your zip code or call our team at (844) 246-8209. We recently reviewed the best auto insurance companies in the nation.
In this review, we'll discuss the consequences of a lapse in coverage and what you can do to avoid a lapse.
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Drivers often look for ways to make their payments more affordable and may consider canceling coverage, but going without auto insurance is never a good idea.
If you’re wondering how a lapse in coverage might affect your car insurance policy, you’re not alone.
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