How can I give up my car insurance?
Even though most people are looking for getting their cars insured, some of you might want to know about what happens if you want to give up on your auto insurance from various reasons. And we must say that giving up on auto insurance is not difficult, but it is important to know when and how to do it so that we won't have to pay anything for it.
You might wonder who would want to give up on their car insurance? Well, there are numerous examples, starting with people that simply cannot afford paying it anymore to the ones that have sold their car. And the first advice we can offer if you find yourself in the position of giving up on your insurance is to have a meeting with your insurance agent.
Inform him of your intentions and he will probably offer you a solution that will allow you to terminate the contract with minimum financial implications. Keep in mind that the worst that can happen would be to pay the whole premium until the contract expires, but this is certainly something that none of us wants.
In case you simply stop paying it, the whole thing will probably get on your credit report and this is again something you would want to avoid at all costs. Therefore, the only good solution you have is to try and terminate the insurance contract after a meeting with your agent and after you discuss about all the implications of this action.