8 Responses for "Is it Bad to Let Your Car Insurance Run Out Temporarily?"

1. taylor lautner February 4th, 2010 at 4:42 am 1

   keep the insurance on companies charge higher rates for (NEW POLICY HOLDERS) ALSO YOU CAN TRANFER YOU EXIISTING POLICY ON BOTH CARS THATS A SMART MOVE BEFORE YOUR INSURANCE EXPIRES Source(s): `

2. justin bieber February 4th, 2010 at 4:42 am 2

   contact the new agencey now and tell them what you are doing. if they are good and want your buisness, they will work it for you.

3. Vanessa Hudgens February 4th, 2010 at 4:42 am 3

   Usually its a bad idea to let it run out… in some states its even illegal to OWN a car without active insurance even if you dont drive it. I'd talk to your insurance company… if your reason is so that you renew both cars at the same time, they may have a way to make a deal with you or set things up…

4. justin bieber February 4th, 2010 at 4:42 am 4

   If you don't have a car loan on it, then it is definitely bad. You'll get in a lot of financial trouble if you let it laps while you're still making car payments on it.Otherwise if you own the car outright and you absolutely DON'T drive it while its uninsured…you're ok.

5. selena gomez February 4th, 2010 at 4:42 am 5

   Just call your new insurance company and tell them when to start the coverage on both vehicles. You can call them well before that start date.

6. selena gomez February 4th, 2010 at 4:42 am 6

   my insurance agency said that the date they send you is actually early and you may have two weeks to pay, but you'd better call your agent to be sure, most cases it is a negative to let your insurance lapse.

7. Vanessa Hudgens February 4th, 2010 at 4:42 am 7

   Another thing to consider is the Department of Motor Vehicles in your area. Here in Maryland, there is a huge fee ($100 or so) per day for every day your car is uninsured. They are notified by the insurance agency when the policy is either terminated, expires, or changed — and so they'll know how many days you are without insurance inbetween and assess the fee(s) accordingly.

8. justin bieber February 4th, 2010 at 4:42 am 8

   In many States, your registration will be revoked if you let the insurance lapse even for one day. Then you will really be able to renew them both at once. Also, here in New York, you can not cancel an insurance policy without either unregistering the vehicle or furnishing proof ot other insurance.