With permission from iii.org
There is a difference between an insurance company canceling an insurance and choosing not to renew it. Learn why your insurance may not be renewed
Cancellation of car insurance
Insurance companies can not cancel an insurance that has been in force for more than 60 days except when:
- You fail to pay the premium
- You have committed fraud or made serious errors in your application
- Your driving license has been revoked or revoked.
Car insurance without renewal
Either you or your insurance company can decide not to renew the insurance when it expires. Your insurance company must give you a certain number of days in advance and explain the reason why you do not renew before it loses your insurance (the exact time frames and rules depend on the country in which you live).
There are a number of reasons an insurance company may choose not to renew an insurance policy, and it may not have anything to do with you personally. For example, your insurance company may have decided to lose the specific type of insurance or take out fewer insurance policies where you live.
However, a non-renewal may also be due to your record or documents. Doing something to significantly increase the insurance company's risk ̵
If you have been told that your insurance is not renewed and you want a further explanation or think the reason is unfair, call the insurance company's consumer department. If you do not receive a satisfactory explanation, contact your state insurance department.
Please note that non-renewal with one insurance company does not necessarily mean that you will be charged a higher premium with another insurance company.