A lapsed car insurance policy should not be taken lightly. A lapsed policy occurs when you fail to make your auto insurance premium payment on time. It takes only one late or missed payment for your policy to be considered lapsed.

Most insurance companies will consider your auto policy to be effectively canceled the day it becomes lapsed. That is, you are no longer insured by them and no longer have car insurance.

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Can I Get Into Trouble If My Car Insurance Lapses?

Yes, if you drive with a lapsed car insurance policy you are breaking the law. You driving without car insurance, and if you are pulled over, you will be cited and fined.

In most states, insurance companies are required by law to notify the DMV when a policy lapses. Also in some states, you are given a time limit (often 90 days) to become reinsured or else your license and registration will be suspended. If you drive illegally without car insurance and get into an accident, the consequences could be very severe.

What Can I Do?

A driver with a lapsed policy will be considered a “high-risk” driver . If you are able to reinstate your insurance with the company that originally issued the policy, you will have to pay much higher rates . Your best option is to comparison shop using the quote form here at Cheap Quotes Car Insurance. This way you can try and find the cheapest auto insurance rates available for you, and are not force to pay the elevated rates of your former car insurance company. Get multiple quotes and find the lowest rates possible today.

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