Call our licensed agents toll free 855.430.7750 Se habla espanol RETRIEVE MY QUOTE

Hasta la vista, baby: 5 reasons your insurance will be terminated

Posted : 05/01/2011

reasons insurance terminatedInsurance companies are like fair-weather friends: They’ll drop you if you lie to them, owe them money or drink too much.

As a general rule, car insurance companies do not have the right to arbitrarily cancel your policy. However, most states define the reasons an insurer can cancel you before your policy period is over. And an insurer can decide not to renew your policy at the end of each insurance period.

The Insurance Information Institute (III) says that while the majority of policies are renewed, some flubs can land you in hot water.

"A lot of consumers are surprised to learn that their insurance company has the right to dump them because they don't realize that an insurance contract involves a reciprocal relationship," says Michael Barry, an III spokesperson.

In some states, car insurance companies must disclose the reason for nonrenewal. In others, the company can simply walk away from you without sharing any reasons. (Insurers generally need to cite a reason when they cancel you, Barry says.)

Here are five activities that can make your car insurance company boot you from its customer list.

<<  Previous   |   Next  >>
Compare real rates and save real money
Valid Zipcode Required
Select
Invalid Age
Select
Invalid Carrier
Yes
No
Yes
No

Related Articles on Insurance.com

0 Responses to "Hasta la vista, baby: 5 reasons your insurance will be terminated"

No Comments

What do you think? You can add a helpful comment to this page by filling out the form below.
Just looking for a quote? Click here
 
 
 
See The Most Popular Policies
Thanks,
you're all set.

One of our newsletters
should arrive in your inbox
soon - keep an eye out for it!