Is It Difficult To Get New Car Insurance If I Cancel My Current Insurance Policy?
Reader’s Question:
I am on the verge of having my car insurance policy being canceled for reasons I can’t explain why. Will I have a hard time getting car insurance again here in Nevada because of a cancellation on my record?
Noemi
Reno, NV
If you have an auto insurance policy cancellation on your record, you may have a hard time getting insured again in Nevada depending on the reason why the old policy has been cancelled in the first place. In case the reason for the cancellation of the policy is because of failing to pay the premium on time, you may be able to have the policy reactivated from the same car insurance company if you have an excellent record. However, a lot of car insurance companies would now ask you to pay the whole amount of the annual insurance rate up-front if you have a missed payment on your insurance record.
Moreover, a lot of car insurance companies run away from newly cancelled policyholders since they view a cancellation more of a risk to them. As a matter of fact, some car insurance providers ask insurance applicants if there is a cancellation of policy in their record for the last three to five years. That is because normally, they don’t want to insure drivers whose policies have been canceled in the recent years. In case your coverage has been terminated and your car insurance company doesn’t want to reinstate it, you have to find car insurance coverage somewhere else. You can be insured again but they may see you as a higher risk so the premiums might be higher as well.
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