Depending on your insurance company, you may be able to cancel your policy by calling your insurer or agent. Some insurers may require you to sign a cancellation form. Since drivers must have a minimum amount of liability coverage for cars in almost every state, make sure you have another company before canceling your current policy. If you decide to cancel your policy, have a copy of the bill of sale ready when you contact your insurance company.
This will show that the car is no longer in your name and that you are not legally required to have insurance. Depending on your state, you may also need to notify your DMV after canceling an insurance policy. Davis knowingly conspired with another person while filing an accident claim with Progressive Garden State Insurance Company, in an attempt to cover a claim for losses. Since almost every state requires drivers to have liability coverage, you must have a current auto policy with another insurer when you cancel with your current insurer.
To avoid a break in coverage before buying another car, consider getting an auto insurance policy for people who are not homeowners. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. In addition, the misrepresentation resulted in Progressive Garden State Insurance Company paying a claim to a third party to the other operator. I want to add my son to my Progressive car insurance policy, but the projected monthly rate is way out of budget.
If you're buying a new car, you can contact your insurance company to add your new car to your current car insurance policy. Meyer Shields, an analyst at Stifel Nicolaus & Co., said Progressive reduced rates by up to 8 percent on some auto insurance lines over the past year. For example, if a prospective buyer takes the car to a test drive and damages it, your insurance can help pay for the damage. There's no need to cancel your car insurance after selling a car if you're driving a different vehicle.
Keep in mind that if you're moving to another state, you won't have to change insurers unless your insurance company doesn't offer coverage in that state.