Car insurance is a part of daily life, just as surely as commuting to work or running errands. Most people might not think about their car insurance very often, but it's an important part of your safety as a driver. There are also consequences if it's overlooked, forgotten, or ignored.
Warnings and Penalties
If you fail to pay for your renewal on time, you'll likely receive a warning. This is usually the first step that a company takes. If this is your first time, you may be given a grace period, where you can make the payment without suffering any sort of penalty. Keep in mind that whether or not a grace period is given and its duration can vary from insurer to insurer. When the warning is initially issued, it should include the amount owed, the due date, and whether or not any penalties have already been applied.
Companies don't enjoy harassing their customers for payment. If you continue to be tardy, you can expect penalties and fees to be charged each time. Those additional charges can add up quickly, and your insurance costs may go up considerably. You'll save money and enjoy less hassle if you pay for your renewal as scheduled. If you need to alter your due date, most insurers will be happy to work with you to accommodate your needs. Be sure to let them know in advance, since it can take time to make any changes.
An insurance company isn't required to continue providing coverage for you even if you've only missed a single payment. Fortunately, most insurers will allow you catch up on your payments. However, if you haven't been responding to any of their warnings and you continue to fail to pay, you may face cancellation. If you haven't been keeping up with your payments or you're constantly late when making payments, your insurance provider may simply decide that you're too much of a problem to deal with. If they do cancel your coverage, you should be given a notice of cancellation.
Cancellation is bad news for you. You won't be covered in the case of an accident. In most states, it's also illegal to drive without insurance. As a result, you could be fined. Repeated violations may result in more severe penalties. Cancellation is something to be avoided if at all possible.
If you're able to catch up on payments, you may face no further penalties. After cancellation, it becomes another story entirely. After your insurance policy has been canceled, it'll be become more difficult for you to find reasonably priced coverage. Your history of nonpayment and cancellation will show up when companies look at your information. They'll likely consider you a greater risk to cover. As a result, you'll face higher charges.
Eventually, any tickets or fines will also have to be paid. If you're unfortunate enough to experience an accident while uninsured, you'll have to pay for any damages out of pocket in addition to paying for the ticket. Those expenses can add up fast, so it's best to resume coverage as soon as you can.
Finding quality insurance in Alpharetta, GA, isn't difficult. If you have any questions, be sure to speak with the experts at Popular Auto Insurance.