I Want Cheaper California Automobile Insurance!

I used to think of my California automobile insurance premium bill as an expendable sort of thing. That is to say, when I was broke and paying it would leave me with about twenty bucks left over, I chose not to pay it. A lot of people think this way, especially people who have never gotten into a car accident or been pulled over by a police officer. This is why I felt that way as well, but as you can see, two no insurance tickets later, it didn’t do me any good. However, there’s more bad to it than just the tickets.

I’m lucky, because after I had let my insurance lapse a few times, my car insurance company still let me renew my policy and didn’t charge me anymore. However, most  insurance companies aren’t like this, and missing a payment will not only end you with a canceled policy, but you might also find that in the future insurance companies are somewhat reluctant to take you on as a policy holder, and if they do they might charge you more. The reason for this is because they find that people who let their insurance lapse are not only unreliable customers, but have a higher rate of claim filings.

California automobile insurance law will say when your car insurance policy can and cannot be dropped. Most of the time, companies only have strict reasons for why they may cancel or choose not to renew your policy. In some cases, if you don’t have the payment in by the date it’s due, your policy will be canceled, and sticking it in the mailbox on that date doesn’t count. Usually, though, you will be able to have a grace period of about fifteen days after you fail to make a payment during which you can continue your policy by making the payment.