Depending on the state, you'll normally have 10 to 20 days. Your company will notify you by mail or email before canceling your coverage. Auto insurance companies are required by state law to give notice before canceling their policy. You may be able to suspend some or all of your car insurance if you're going to be off the road for an extended period of time, depending on the state and the insurer.
Comprehensive and collision coverages are optional across the country, so you can remove them at any time if you don't have a loan or lease for a car. Depending on your state, you may need to file an affidavit of non-use to notify your state that you will not use your vehicle on public roads. Don't take your car out of the warehouse until all of this has been resolved; if you're caught driving without proper insurance coverage or without a valid registration, you could be fined. Most car insurance policies last six months to a year, and if you don't have any outstanding claims, you can discard your documents when the policy ends and get a new one.
Every state requires auto insurance companies to declare how they calculate rates to customers, and insurers cannot deviate from these presented rates. Once you're ready to get your car back on the road, contact your insurance company to request the reinstatement of your coverages or policies. Call your old insurance company and find out if your coverage has expired and, if so, how long you have been without car insurance coverage. You should avoid completely canceling your car policy if you plan to drive again in the future, as a lapse in car insurance coverage will likely result in a higher premium when you start driving again.
If you're looking for cheap but high-quality coverage, MoneyGeek ranked insurance providers in Raleigh based on various levels of coverage and driving histories to ensure you find an option that fits your needs. Make your payment as soon as possible, as the grace period for car insurance may vary depending on your insurer. If you keep your car for an extended period of time, suspending car insurance could save you money. If it's been a few months since you received your quote, the rates in your area may have been revised, which could decrease or increase the price you pay for your car insurance policy.
You can pay for your car insurance policy by credit card, PayPal, online check, personal check, money order, or electronic funds transfer (EFT) from your checking account. You'll likely be asked to maintain a minimum level of comprehensive auto insurance coverage and car collision coverage, in addition to the state-mandated liability coverage, even if you don't drive your car.