30 day binder auto insurance10/29/2023 Here are other common reasons for car insurance cancellation: You Didn’t Fully Disclose Necessary Information in Your Auto Insurance Application The most common acceptable reason for cancellation is that you didn’t pay the premium on time. Common Reasons for Car Insurance CancellationĬar insurance can be canceled for a variety of reasons, often dictated by state laws. Higher risk results in higher insurance rates. Another unfortunate side effect of having your car insurance canceled is that the cancellation shows up on your record and causes other companies to see you as a higher risk. If you’re shopping for a new insurer, you may discover higher rates. If you can’t resolve whatever issue caused the cancellation, you’ll need to shop for a new insurance company. Getting a cancellation notice from your car insurance company usually means there is hassle headed your way.
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