Should i cancel my car insurance?
I have a 1997 honda accord that just recently broke down(engine problems,2,200 $ to repair) and i've been thinking about cancelling my car insurance until i get a new car rather than pay hundreds of dollars a month for something that doesn't even move.
Call your agent & see if you can just put it on hold for awhile…
In most states you are required to turn in your registration and plates if no insurance and the penalty is sometimes quite serious if they find out you have a registered uninsured car -- they don't care it is not running.
Can't drive it and if parked why keep insurance on it. Your agent probably will want you to turn the plates (tags) in to prove the car is off the road
No. If you don't have insurance for some amount of time, and then you need to have insurance again, it costs a lot more. It's often cheaper to keep it than to cancel and then try to buy it again. It's better to pay hundreds now than to cancel and have to pay thousands later.
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