Return to the Money Saving Tips Forum | Post a Follow-Up

 o
Car Insurance Tip

Posted by lucky_12 (My Page) on
Wed, May 18, 11 at 0:24

If you change car insurance companies, make sure the coverage with the old company and the new company overlap. I stopped coverage with my old carrier on the 14th and started the new carrier on the 15th. Because there were 23 hours and 59 minutes of insurance lapse, Nationwide surcharged me $128.00.


Follow-Up Postings:

 o
RE: Car Insurance Tip

Keep shopping then. Most preferred companies allow up to 5 days with no prior insurance. Is the surcharge with you for the first term or will it continue and for how long? I always encourage my new business to wait to cancel until they have my policy and are pleased. There is never any reason to jump on a cancellation of a policy until you have proof you are covered elsewhere. Binders are not necessarily what you will want either. A binder shows proof of coverage but the underwriting isn't complete and rates could change. Policy on the other hand is complete for that term. A policy cancellation can be backdated, a good insurance company will generally ask for proof you are covered.


 o
RE: Car Insurance Tip

sushipup, you can download and install WOT and when you place your cursor over the URL it will warn you if it is not safe. WOT is web of trust and I use it with FF, but I imagine it is good with any browser.


 o
RE: Car Insurance Tip

I'll try that, Vala, thanks.


 o
RE: Car Insurance Tip

My brother in law had a commute to work over 60 miles each way. When he was laid off I reminded him to call his insurance man and tell him he was no longer commuting and his rates went down slightly.


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Money Saving Tips Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here