Now that I'm in NYC I don't drive a car. I'm in the process of selling mine to my brother ... but what should I do about my drivers insurance? I shouldn't just kill my account, right? Anyone ever been in this situation?
2007-01-12 10:46:31 · 3 answers · asked by gunsnros3s 2 in Cars & Transportation ➔ Insurance & Registration
Depending on what state you are moving from, turning in your plates to that state and getting a receipt from the DMV will relieve you of responsibility to that car. It will also prove to your insurance company that you no longer have the car registered. Some states and insurance companies require a receipt to refund you any unused portion of the insurance. I believe there are some states that actually charge a minimum fee to return the plates and get a receipt. But in my opinion, it is worth the money just to be able to prove you no longer are responsible for the plates.
2007-01-13 04:49:52 · answer #1 · answered by just me 6 · 0⤊ 0⤋
Keep your auto insurance policy until you sell your car.
If you have a comprehensive auto insurance policy, it covers losses including theft, vandalism and fire in addition to covering you while you are driving.
To make sure that you have the best coverage at the best rate, contact your auto insurance company and let them know your current situation.
Your auto insurance company won't advise you to cancel, but they might suggest increasing your deductible or dropping a coverage to save some money.
2007-01-13 16:34:09 · answer #2 · answered by ghiagirl 1 · 0⤊ 0⤋
well if you are selling the car, then you don't need to transfer your insurance to your new state. Call up your insurance agent and see about how to cancel your current policy. in most cases they will either have you come into the office or mail them a letter saying you want to cancel such policy number, signed and dated.
2007-01-12 19:17:39 · answer #3 · answered by sknymnie 6 · 0⤊ 0⤋