Delay Auto-renewal 3-4 Days?

[dr789]

I have an event from almost 3 years ago that greatly increased my insurance. After 3 years(this February), my insurance should drop, but unfortunately the renewal date is 3-4 days early. My provider says I will need to pay the next 6 months at the higher rate since it will renew before the 3-year anniversary. I am thinking of getting a new car anyway so I was going to sell the car, wait till the anniversary, and then sign up for insurance again. Selling a car, however, is unpredictable and I might not be able to do it in time, so I was wondering if there is another way to handle this. I don't mind not driving during this short gap, but I have nowhere to put the car to get it off the road. Any suggestions would be greatly appreciated.

Thanks,

-dr789

 

[BlockO]

is this car insured with both comp and collision, or do you just carry liability on it?

if you just carry liability, you may want to see if Viking/Dairyland is in your state. they sell 30 day policies. Carry them for a month and then shop around once that is over.

 

[dr789]

Hi Dan,

I am in NY and only have liability. I will look into 30-day policies

-dr789

 

[BlockO]

I'm not familiar with carriers in NY, but there are several carriers who sell short term policies like this. I only mentioned Viking/Dairyland because I am familiar with them.

Other companies will sell policies for less than 30 days, but I don't know which companies do that. your best bet is calling an indy agent.

 

[hesse]

just pay a month of the policy and rewrite then cancel the old policy.

Be careful with a 30 day dairyland policy. Being a non standard auto it may make you not eligible for preferred rates with the new company.

 

[Theinsuranceguys]

just pay a month of the policy and rewrite then cancel the old policy. Be careful with a 30 day dairyland policy. Being a non standard auto it may make you not eligible for preferred rates with the new company.

This is what I would recommend as well.

 

[F150]

some companies only go back 35 months also.

 

[dr789]

Thanks alot guys... How do I rewrite and cancel without having a gap? Do you mean start a new policy with the new car, then cancel the old policy? Will they let me start a new policy without automatically adding it to my current? Is it something I should talk to the carrier about? Or do you mean to go with another carrier on the new car?

 

[linwoodforest]

What the others have recommended. You can just stay on your current policy and start shopping for new insurance once the 3 year mark has passed. Most personal lines are pro rated anyway. You might also pay a early cancellation fee if you are on a non standard company. If you are gonna be in the market, go ask your nearest independent insurance agency and have them give you a quote.

 

[Theinsuranceguys]

What state are you in? I'm sure one of the agents on the forum would more than gladly help you out.