Why does car insurance rates increase if you have a lapse in coverage?

Why does car insurance rates increase if you have a lapse in coverage?

For example, lets say I have car insurance and pay it on a timely matter and then all of a sudden I move to city where there is a lot of public transportation and my car breaks down. So, instead of worrying about my car I utilize the bus system as I cannot afford to have my car fixed, in turn I cancel my car insurance. Hypothetically lets say a couple months down the road I have a change of heart and am able to afford the repairs for my car. So now my car is up and running etc etc. Why is it that now when I sign up for insurance again my rates will be higher. My situation is that I have a vehicle but it is a lot older and it is broken down right now. It is going to be a few months before I can get it fixed. So, I thought of canceling my insurance bc I was wondering why should I pay insurance for something I am not driving. I, then, told my agent that once i got it fixed i would add the insurance back, he then told me what the consequences of my actions would be. Why do my rates go higher just bc I get rid of the insurance? It’s not like I am doing anything illegal. I would not be driving the car bc it is broke down.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

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Why does car insurance rates increase if you have a lapse in coverage?

For example, lets say I have car insurance and pay it on a timely matter and then all of a sudden I move to city where there is a lot of public transportation and my car breaks down. So, instead of worrying about my car I utilize the bus system as I cannot afford to have my car fixed, in turn I cancel my car insurance. Hypothetically lets say a couple months down the road I have a change of heart and am able to afford the repairs for my car. So now my car is up and running etc etc. Why is it that now when I sign up for insurance again my rates will be higher. My situation is that I have a vehicle but it is a lot older and it is broken down right now. It is going to be a few months before I can get it fixed. So, I thought of canceling my insurance bc I was wondering why should I pay insurance for something I am not driving. I, then, told my agent that once i got it fixed i would add the insurance back, he then told me what the consequences of my actions would be. Why do my rates go higher just bc I get rid of the insurance? It’s not like I am doing anything illegal. I would not be driving the car bc it is broke down.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Is insurance cheaper if you buy home insurance life ..insurance and auto insurance from the same company?

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Why does car insurance rates increase if you have a lapse in coverage?

For example, lets say I have car insurance and pay it on a timely matter and then all of a sudden I move to city where there is a lot of public transportation and my car breaks down. So, instead of worrying about my car I utilize the bus system as I cannot afford to have my car fixed, in turn I cancel my car insurance. Hypothetically lets say a couple months down the road I have a change of heart and am able to afford the repairs for my car. So now my car is up and running etc etc. Why is it that now when I sign up for insurance again my rates will be higher. My situation is that I have a vehicle but it is a lot older and it is broken down right now. It is going to be a few months before I can get it fixed. So, I thought of canceling my insurance bc I was wondering why should I pay insurance for something I am not driving. I, then, told my agent that once i got it fixed i would add the insurance back, he then told me what the consequences of my actions would be. Why do my rates go higher just bc I get rid of the insurance? It’s not like I am doing anything illegal. I would not be driving the car bc it is broke down.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

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Why does car insurance rates increase if you have a lapse in coverage?

For example, lets say I have car insurance and pay it on a timely matter and then all of a sudden I move to city where there is a lot of public transportation and my car breaks down. So, instead of worrying about my car I utilize the bus system as I cannot afford to have my car fixed, in turn I cancel my car insurance. Hypothetically lets say a couple months down the road I have a change of heart and am able to afford the repairs for my car. So now my car is up and running etc etc. Why is it that now when I sign up for insurance again my rates will be higher. My situation is that I have a vehicle but it is a lot older and it is broken down right now. It is going to be a few months before I can get it fixed. So, I thought of canceling my insurance bc I was wondering why should I pay insurance for something I am not driving. I, then, told my agent that once i got it fixed i would add the insurance back, he then told me what the consequences of my actions would be. Why do my rates go higher just bc I get rid of the insurance? It’s not like I am doing anything illegal. I would not be driving the car bc it is broke down.


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Why does car insurance rates increase if you have a lapse in coverage?

For example, lets say I have car insurance and pay it on a timely matter and then all of a sudden I move to city where there is a lot of public transportation and my car breaks down. So, instead of worrying about my car I utilize the bus system as I cannot afford to have my car fixed, in turn I cancel my car insurance. Hypothetically lets say a couple months down the road I have a change of heart and am able to afford the repairs for my car. So now my car is up and running etc etc. Why is it that now when I sign up for insurance again my rates will be higher. My situation is that I have a vehicle but it is a lot older and it is broken down right now. It is going to be a few months before I can get it fixed. So, I thought of canceling my insurance bc I was wondering why should I pay insurance for something I am not driving. I, then, told my agent that once i got it fixed i would add the insurance back, he then told me what the consequences of my actions would be. Why do my rates go higher just bc I get rid of the insurance? It’s not like I am doing anything illegal. I would not be driving the car bc it is broke down.


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Setting up a dating agency on line


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My car was parked on a decline, stalled, and ran into the back of my friends wagon. My repair quote is about $940, hers is about $615, at a total of about $1555. The excess I have to pay towards insurance repairs is $1045 (standard excess, age excess for being under 25, and some flexi-excess p.o.s). At the moment I only have enough money to fix her car, although that means waiting another few months to fix mine, and I’m impatient. Hers needs to be fixed asap for roadworthy and registration. I also have the option of finding a new bumper for hers at a much cheaper price, although that is proving difficult. Also, my insurance company only likes their choice of repairer. My panel shop has done jobs for the company before, but I’m not certain if they will let me use them. I won’t have anyone else repair my car, as the money was going to go to repainting a new bonnet instead of repairing, which insurance won’t cover. On another note, I’m not sure how long going through insurance will take. So my question is, do I go through insurance, even though I might not get to use my panel shop and it will cost me almost the same? Or do I leave it, and do what I can to fix my friends car cheaper? Then just suck it up and wait to have the money for mine, therefore also saving a rise on my insurance premium and a drop in my rating.


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https://storify.com/shawandaBsmatil/get-a-quote-on-car-insurance