When you feel it is no longer necessary such as not having the car anymore, the cars value being to low to insure, or you don't think it is or risk of being damaged by perils out of your control.
One should cancel term life insurance when it is no longer needed, or the premiums required become unaffordable
If you don't own a vehicle, or have no intention of driving, you do not have to maintain auto insurance.
Sure, you can. The insurance company should pay you a pro-rated refund after you cancel the policy.
If this is a vehicle you own and can not pay for it any longer and decide to give it back, yes, you should cancel the insurance you have on it AFTER it is out of your possession.
When a car has been repossessed the person paying the insurance should cancel it.
Yes of course you should!
yes
Call your insurance agent and tell them you would like to cancel your insurance.
Comprehensive insurance helps to pay for damages to a vehicle that were not the result of a collision. If you want insurance when a vehicle is damaged by fire or theft , then you should purchase comprehensive motor vehicle insurance.
You should consider a comprehensive property insurance policy to cover your assets.
Seven types of insurance should get for a new car as like: Liability Insurance Collision Insurance Comprehensive Insurance Motorist Protection Personal-Injury Protection No-Fault Insurance Gap Insurance
Absolutely. When you purchase and finance a vehicle you sign a legally binding contract. Perhaps you should read what you sign. The contract states that you agree to carry insurance that includes comprehensive and collision with a maximum deductible of usually $500. If you let your insurance cancel then you have broken the contract and therefore the finance company can reposses the vehicle.