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Car Insurance Moves Out Of State - A Few Tips To Help You Handle Car Insurance Policies In Your New State If you are moving to a new state and are considering getting car insurance, consider canceling your current policy. The reason is that many people do not realize they are covered when they move from one state to another. Even though many states in the US require drivers to have insurance, some states have no requirement at all. As a result, there are many who end up with a policy that they were not insured for in a new state. However, this is not good for you. In fact, it could turn into a big problem if you need to make a claim and cannot get coverage in your new state. It is easy to understand why you would want to cancel your car insurance when moving to another state. However, it is important to remember that it is illegal to drive without car insurance even in a new state. However, that does not mean that you should go out and buy a policy right away. Instead, take Egg Insurance and shop around for different quotes. Consider talking with your current insurance company as well. One way that you can cancel car insurance when moving out of state is to call your policy expiration date. Generally, each insurance company will allow you up to 7 days to cancel your policy. If your policy ends up expiring in a new state, your insurance company is required by law to give you a copy of it before your policy expires in the new state. You can use this to start your car insurance comparison process. You can then go online and compare rates. When you first move to a new state, it is easy to forget about getting auto insurance. However, it is a legal requirement. Therefore, if you do not have auto insurance, it could be considered a violation if you are pulled over and the officer finds out that you are without car insurance. If you are moving out of one state but staying in another at the same time, you will want to check into whether or not you can add your auto insurance coverage onto your new vehicle loan. Many lenders will be glad to let you do so. However, many may require that you have it with your vehicle until the loan is paid off completely. Check with the lender and be sure that you have enough coverage to make your new car payments even if it were to expire while you are in the car loan repayment process. If you plan to sell your vehicle at some point, consider contacting your agent and seeing if you can work a change car insurance policy into your sale. This is usually an easy thing to do and will save you money. Typically, agents are more than willing to work with you on this type of plan. Since your agent knows you from a both a personal and business standpoint, they will understand why you feel it is necessary to keep your car insurance policy in place. On the other hand, if you are selling your car for a reason other than financial reasons, and you aren't interested in changing car insurance policies, you can find an interested buyer for your old policy by checking with various insurers. You may be surprised at who is looking for a policy just like your old one. While canceling your old auto insurance coverage is an option, it should be done with caution. Leaving it open to lapse can lead to a big expense in the future. Not only will you have to purchase a new policy in order to drive your vehicle legally, but you may end up having to pay fines if you were caught driving without insurance. Therefore, it is important that you really think about the situation before you take this step. Know what penalties are associated with driving without auto insurance in your state. It is also a good idea to talk to a lawyer before you make the final decision to cancel your policy. If you feel that you need to cancel your old auto insurance policy, you should have a clear picture of what you are facing before you take any action. For example, you should be able to calculate how much money you will save each year as a result of canceling your policy. If you are unable to do this because you are scared of losing your current level of coverage, find a qualified car insurance agent in your area to help you handle car insurance policies. The agent can explain the reasons for canceling your old policy and let you know how you will be able to maintain your new level of coverage legally.
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