My car is not on the road at the moment. I would have to pay a whopping amount to end the contract, which I don't have. I am skint and unemployed, so why should I continue to pay if I am not working.
Iz it a big ripp off?
2006-09-18 04:52:17 · 18 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
you shouldn't have to pay to cancel it. that sucks
2006-09-18 04:54:46 · answer #1 · answered by SIMON T 3 · 1⤊ 1⤋
I don't know where you live, but I live in NY and we took our truck off the road for about a year due to the high cost of gasoline. We turned in our license plates at the DMV and then canceled our insurance. Are you sure you have to pay to cancel your insurance? I've never heard of that before. Of course, I haven't heard everything! (-: Call your insurance company and ask them if once you take your vehicle off the road and turn in your plates if you can just cancel. We didn't have a hard time getting the plates back when we put our truck back on the road (4 months ago). We had to come up with insurance money and money for plates again, but that was it. The thing about NY is, if you just cancel your insurance and you don't turn in your plates you have to pay a fine of $6 a day that you left the plates on your vehicle without insurance and then purchase your insurance and plates. You should call your DMV and your insurance company and find out all the details. Doing it correctly will save you lots of time, money and aggravation in the end. Good luck!
I just thought of something I want to add. I was once in your position when I lived in TX. I went to my insurance company and explained that I'd always been insured, but I was unemployed and I didn't know how I was going to pay for insurance. Once my agent knew what was going on they offered me a special insurance that the state offered for people in my position. It was a bare bones liability and it was really, really inexpensive. I was able to do it and keep on using my car. You might check into that also.
2006-09-18 05:06:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Don't understand the part about having to pay to end the contract! If the car is not on the road, you do not need insurance and should be given a refund for the time you have paid for in advance which is not being needed
2006-09-18 04:54:49 · answer #3 · answered by big pup in a small bath 4 · 0⤊ 1⤋
Well, I know it is a real pain in the donkey but weather or not you are working you still need a vehicle to get where you want to go, Like maybe to look for another job. And believe you me, it WONT be fun to be stuck for a ride if you need one. In the long run, its better to have your vehicle :) Even if your car is NOT on the road right now, you are going to need it. And when it is back on the road, you are going to want to beable to drive it right? well if you are caught driving without insurance it is going to cost you alot more money than what you are paying for the insurance itself.
They will fine you like 3000$
Well in the end it is really your decision, and no one can make up your mind for you, But I can certainly offer you my advice.
Good luck with your decision, and God bless.
2006-09-18 05:18:23 · answer #4 · answered by Pest 2 · 0⤊ 0⤋
B/c as soon as you drop it, you'll need it to drive to a job interview. On the way you'll get into an accident, which will total your car. Then you'll have no car and still be unemployed, just because you didn't want to pony up for the cash. That's how it always goes.
2006-09-18 05:02:10 · answer #5 · answered by drewsilla01 4 · 0⤊ 0⤋
Because at the start of they year you took out the insurance policy on credit, so you really bought the full years insurance already and now your just paying it back.
Like you can't order some new colthes from the catalogue and when they don't fit no more you can't just stop the repayments can you?
2006-09-18 04:54:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It relies upon on your age. My step-son at 19 has a 1997 avert Truck and his coverage expenses me $a hundred and forty a month. it incredibly is with all of my "savings." I actual have 2 residences and 3 automobiles and a pair of boats listed below my coverage. His coverage is criminal accountability purely. My spouse and that i the two force 4 wheel force automobiles and have comprehensive coverage, my coverage individually is $fifty seven a month and my wifes is $sixty two consistent with month. while you're paying $a hundred a month for coverage that sounds especially sturdy. you're able to desire to call geico and notice in case you will get a fee quote and get your guy or woman coverage. i be responsive to that my son at 19 grew to become into quoted $3 hundred a month for his own coverage--criminal accountability purely. sturdy success. stay on your friends coverage as long as you could. $a hundred and (i'm guessing) you're probable approximately my sons age. you acquire it sturdy brother. cling with it til you swap 26. it incredibly is while costs regularly drop for men.
2016-10-01 02:46:07 · answer #7 · answered by kroner 4 · 0⤊ 0⤋
If your car is registered, it must be insured. If you want to turn in your plates and registration card, you can drop your insurance. But then you'd have the hassle of reinstating everything later. And come on, now, you don't just drive to work, do you?
2006-09-18 04:54:42 · answer #8 · answered by MOM KNOWS EVERYTHING 7 · 0⤊ 0⤋
If you don't pay, the policy will be cancelled and you'll still have to pay any cancellation fee that applies. Depending upon where you live you may have to deregister the vehicle or declare it SORN to stay legal.
2006-09-18 05:29:18 · answer #9 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Very odd that you have to pay to come out of a contract... I would double check that... Alternatively, tell them that the car is undergoing work to remove the engine so that it can be used as a large flower-pot!!
Sounds like a rip off to me matey!
2006-09-18 04:55:39 · answer #10 · answered by ShowMeTheLite 3 · 0⤊ 1⤋
Well.. you have to do what's right for you and your situation... but if you don't pay your premium than definately don't drive your car until you havew insurance again.. you don't want to get in an accident and be doubley screwed
2006-09-18 05:00:39 · answer #11 · answered by limgrn_maria 4 · 0⤊ 0⤋