Options to Consider After Auto Insurance Cancellation
My wife’s auto insurance policy is being canceled due to two minor accidents in the past six years. Fortunately, neither incident resulted in significant damage to the vehicles or any personal injuries, and we haven’t filed any claims. However, the insurance company has informed us that the policy is being canceled because of these two “losses.” What options do we have moving forward?
I’m sorry to hear about the cancellation of your wife’s auto insurance policy. Here are some options you might consider:
Contact the Insurance Company: Reach out to the insurer to clarify the situation. Sometimes, minor incidents that didn’t result in claims can still impact your policy. Ask if there’s a chance to appeal the cancellation or if they can provide more context.
Shop Around for New Insurance: If the cancellation goes through, consider getting quotes from different insurance companies. Some may have more lenient policies regarding minor accidents or losses.
Look for Non-Standard Insurance Providers: If traditional insurers won’t cover your wife due to her history, you might want to look into companies that specialize in high-risk drivers. They often cater to individuals with less-than-perfect driving records.
Check for Discounts: Some insurers provide discounts that may help lower the cost, such as for defensive driving courses or for bundling policies.
Consider So-called “State High-Risk Pools”: Many states have special programs for drivers who have difficulty obtaining insurance through regular channels.
Explore Policy Reductions: If finding a new policy proves challenging, consider adjusting your coverage levels or increasing deductibles to lower your premiums with another insurer.
Consult with an Insurance Agent or Broker: An insurance agent can help navigate your options and find policies that may be better suited to your situation.
Review Your Driving Record: Ensure that all information on her driving record is correct. Errors could be affecting her insurability. If there’s an error, you can dispute it.
Document Everything: Keep a record of all communication with the insurance company and any other companies you reach out to regarding quoting policies. This documentation can be useful if further issues arise.
Remember, it’s important to not let a lapse in coverage occur, as that could further impact your insurance options and rates. Good luck!