Argyle Auto Insurance Companies
Argyle auto Insurance companies such as Kirk Bonds Insurance work with a lot of people who, for one reason or another, have let their insurance lapse. Hopefully, you don’t ever let this happen to you. It can be hard to afford auto coverage with all your other expenses, of course. But if your coverage lapses, you’ll find you’ll actually wind up paying a lot more when you start contacting auto Insurance companies in Argyle TX. There will be other complications as well, as you’ll learn in this article.
The Problems with Letting Car Insurance Lapse
People whose insurance lapses need to contact their Argyle auto Insurance companies as soon as they can. There are a lot of instances where auto Insurance companies in Argyle TX will be able to reinstate a lapsed policy relatively quickly, with minimal hassles. However, if you go too long without it, a lot of bad things can happen. Here are just a few.
- Your rates could increase – There’s a chance that your rates could significantly increase, depending on how long it’s been since you had coverage. One of the reasons is that many auto Insurance companies in Argyle TX will consider you a high-risk driver. Insurance companies charge higher rates to people in this category.
- You could face stiff penalties – If you continue to drive with lapsed coverage, you could face hundreds of dollars in fines and impoundment of your vehicle. You could possibly even have to serve jail time.
- You’ll have a hard time resuming your coverage – Depending on why your coverage lapsed, you’ll likely have to not only pay more, you might also find it difficult to find an insurer that will even cover you.
Thankfully, there are a few things you can do to keep a lapse from happening. The first is to set up automatic payments. Another is to regularly check to make sure your account information and card number are correct.
If you have any questions about how Argyle auto Insurance companies handle coverage lapses, contact Kirk Bonds Insurance online or call (817) 232-1511.