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It's not unusual for someone to forget to pay the car insurance premiums. Many persons are busy with their daily routines and jobs, and sometimes they forget that certain bills must be paid. However, the situation can get be bad for drivers that have a coverage lapse. Driving without insurance can be risky. Depending on the state laws, the penalties for driving without insurance can range from hefty fines to one year in prison.
Drivers who are having a coverage lapse should follow the next steps:
- Drivers that discovered they have a coverage lapse should contact their insurers immediately. In most cases, the driver has forgotten to pay the insurance. Nevertheless, the insurance provider will apply some rules and negotiate to reinstate coverage, even though the driver had no intention to not pay the premiums.
- Drivers that are having just a few days of coverage lapse can be easily reinstated to the same insurance carriers after they have paid their premiums.
- Drivers with long coverage lapses have different negotiations with their insurers. It depends on the insurance provider and some factors regarding the driver if the insurance policy is to be reinstated or not. Drivers that have been with the same insurer for a long period of time and they are good drivers, have a higher chance or reinstating their policies on the same insurer. However, there are many drivers that need to look for a different insurance provider.
- There are different reinstatement procedures among insurance companies. Usually, the insurers will simply renew the previous policy. In some cases, the insurance company will impose the driver to apply for a new and costlier insurance policy. Also, these insurers will require the driver to provide an electronic payment method from where automatic monthly withdrawals can be done.
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