 |
Auto Insurance
What's the difference between cancellation and
non-renewal?
There is a big difference between when an insurance
company cancels a policy and when it chooses not to renew it. Insurance
companies cannot cancel a policy that has been in force for more than 60 days
except:
- If you fail to pay the premium.
- You have committed fraud or made serious misrepresentations on
your application.
- Your driver's license has been revoked or suspended.
Non-renewal is a different matter. Either you or your insurance company can
decide not to renew the policy when it expires. Depending on the state you live
in, your insurance company must give you a certain number of days notice and
explain the reason for non-renewal before it drops your policy. If you think the
reason is unfair or want a further explanation, call the insurance company’s
consumer affairs division. If you don't get an explanation, call your state
insurance department.
The company may have decided to drop that particular line of insurance or to
write fewer policies where you live, so you shouldn’t necessarily think the
non-renewal is because of something you did. On the other hand, if you did do
something that raised the insurance company’s risk considerably, like driving
drunk, the premium may rise and you may not have your policy renewed.
If your insurance company did not renew your policy, you will not necessarily be
charged a higher premium at another insurance company.
Where to buy insurance
-
Insweb - Who
says you can't save both time and money?
Insweb offers
the most competitive prices, a quick and easy way to buy auto insurance
and your choice of some of the top rated companies.
-
Esurance - Saving on your car
insurance is as easy as quote, buy, print!
-
Insurance.com - Doesn't their name just say it all? Compare multiple
instant auto insurance quotes from top companies and save!
-
Insurance
Finder - Click here to save money on insurance.
-
InsureMe.com
- Get auto insurance with the click of a button at InsureMe.com.
-
Netquote.com
- Free auto insurance quotes from over 100 companies.
Insurance content
provided by the Insurance Information
Institute
|
|
