Your car insurance company can either cancel or non-renew your auto insurance policy at any time, IF you violate one or more of its guidelines during your policy period.  Each state has its own guidelines and regulations for insurance companies to follow but there are some general principles that typically apply.

What could cause cancellations or non-renewals? Things like:

·        failing to make your payments on time

·        losing your driver's license due to suspension or revocation

·        submitting too many at-fault and sometimes roadside claims

·        letting undisclosed drivers drive your vehicle

·        misrepresenting facts material to the policy such as your address/other drivers/carrying passengers for hire

·        undisclosed driving history or past insurance claims

·        some states like, like Texas, can cancel for improper vehicle registration

These could all be reasons for cancellation or non-renewal.  It also varies from company to company what their guidelines are and what they’re willing to accept.  For instance, some will take drivers that need SR22/SR-22 filings, some will not.  Some will take suspended licenses but not revoked. Some will allow multiple lifetime DWI/DUI, some will not.  These are things to disclose to your agency, so they may get you with the proper carrier upfront.

 

Whether cancelation or non-renewal, the company must notify you in writing within a timeframe legally required by your state. On cancellations, insurance companies are required by law to state the reason [unless, for some states, within the first 60 days called the “binding period”] not so with non-renewal. If you want a reason but aren't provided with one, you must send your insurer a written request. If you believe you've been unfairly treated, check with your state's department of insurance.

 

Regarding the "binding period," it’s the time when your insurance company is especially conscious of your risk level. The binding period usually occurs within 60 days following your auto insurance application. If your insurer finds a discrepancy on your application, such as material misrepresentation, your past driving record, felony convictions, undisclosed drivers, it can cancel your policy.

 

At Solo Insurance®  we know our companies’ guidelines, plus shop the rates for you upfront and at renewals.  We always make sure you are with our best rate for your insurance needs.  Like us on Facebook, follow us on Instagram and Twitter @thesoloins. 

 

Solo Insurance®  800-207-7656  Get a Quote: https://www.soloinsurance.net/

-- Family/Veteran owned since 1994 --

 

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