Top Reasons To Avoid Car Insurance Lapses
Drivers are required to carry insurance permanently. A period of time when the driver is uninsured is called a gap or a lapse. Having a history of coverage lapses will make the next underwriting process more difficult and premiums more expensive. Find out more and get free car insurance quotes from http://compare-autoinsurance.org.
Causing an accident while uninsured will have profound legal implications. Being uninsured while driving and causing an accident is a serious felony. Without coverage, the at-fault driver will have to reimburse the victims from his own finances. The costs for a more serious accident can rise to several tens of thousands of dollars.
Avoid fines and legal penalties. Drivers caught driving during a gap period will receive hefty fines. Furthermore, they will receive license points. All of these combined will make future premiums extremely expensive. The driver will have both a history of lapses and traffic violations.
Avoid being classified as a high-risk driver. Companies ask about past coverage when assessing a person's insurability profile. Persons with recent coverage lapses are automatically considered high-risk and asked to pay more.
"Having car insurance lapses will make your life harder and complicate a future underwriting process. Always pay the premiums on time and if they seem too expensive, use online quotes and find cheaper offers", said
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For more information, please visit http://compare-autoinsurance.org
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