If I understand your question you are asking if auto insurance ever goes down in price. The answer to this is yes though it often seem like it only goes up rather than down. This year I have seen many of my insurance carriers reduce their rates in order to gain market share and because their claims have not been as high for auto insurance as they have been in the past. In the past few years insurance companies have been loosing money on homeowners insurance and doing better on auto insurance. Homeowners insurance has gotten to the point that it is harder to obtain a really great home policy with a good rate. It is also advisable not to make smaller claims on your house insurance for fear of loosing the insurance.
Car Insurance Rates Drop After Age 25
You can drop anyone that is listed as a driver on a car you own and pay for insurance on for any reason. Depending on your insurance company this may avoid them raising the premium on that car due to his DUI.
Anytime after you have paid off the loan on it.
If you registered car, plate is under your name. The second you drop it, insurance will report it to state and you can have your DL suspended. You must have her register car under her name.
As long as he will not drive the car or have any other need for you to insure him, yes drop him.
Daleann, take the car to the lender, get a reciept for the car, then drop the ins. IF it got stolen while in your possession(before repo) your LOSS would be much greater without ins. aS LONG AS THE CAR IS STILL IN YOUR POSSESSION, KEEP THE INSURANCE. ONCE THE CAR IS GONE, DROP THE INSURANCE. iT WILL BE DONE AS SOON AS YOU HANG UP WITH YOUR INSURANCE CARRIER.
In most states, including North Carolina, you still have to maintain some form of car insurance coverage. If the car is paid off you can drop your policy from full coverage to liability insurance.
Having a DUI won't make your insurance company drop you most of the time. You will have to pay more, but just getting car insurance with a DUI shouldn't be a problem.
Usually you can just take in proof to court that you had active coverage on the date of loss and they will most likely drop the ticket.
Yes, then you can get reimbursed from AAA or your insurance.
IF you plan on getting it back, dont drop it. If you're NOT getting it back, drop ASAP. The lender has coverage. Good answer. If you can't afford to get the car back, drop the insurance. You should not have coverage on the vehicle that is not longer in your possession. Let the lender assume the responsibility. Why pay for something you don't have anymore?
Cosigning had nothing to do with insurance but maybe still listing him as a driver on your car or vice-versa may be the problem. Asking for the reason and a remedy from your insurance co would be a good idea.