Car Insurance Renewal Refused South Carolina
Reader’s Question:
I’m from South Carolina, and I have been with the same car insurance company for many years now. Since my insurance policy is almost expired, I went to the company to have it renewed, but they refused to approve it. What could be the reasons to refuse car insurance renewal?
Steven
Greenville, SC
In South Carolina, it is legal to drive uninsured, provided that you pay the annual fee of $550. You also need to be financially responsible if you cause a car accident. With medical and repair cost shooting up each year, having car insurance coverage will save you from the worries of having to pay huge amounts of money if ever you do cause an accident. That is why it is very important to consider a few things that may become reasons for refusal of car insurance renewal.
Firstly, you need to get an online review of your current car insurance coverage. Check out other companies’ websites to get an idea of the prevailing prices. Try to read on the pros and cons about the options available since many websites give out different options for insuring your car. This way, you will know if you really are getting your money’s worth from your current car insurance company.
Secondly, you need to review the points that may affect the favorable decision on your policy renewal. If you had multiple accidents in the past, your insurer may refuse to renew your policy based on this since you have a higher potential of filing claims, which could mean a great financial loss for the car insurance company. If you got multiple moving traffic citations, it could also affect your policy renewal. Although you can always take a driver improvement course to remove the tickets, the citations will be on your driving record, which is periodically checked by insurers.
If your renewal is refused, shop around. Companies use different methods in calculating risk. There always are car insurance companies out there that cater to those who have been refused by other insurers.
Cheap Car Insurance For Young Driver in California
Reader’s Question:
Can I get a separate insurance policy with a different insurance company for an additional car in the household? I planning purchase another vehicle and add my 18-year old son as an occasional driver. My current insurance provider said that my car insurance rates will double because they said the car that I am planning to purchase will be driven primarily by my son. I checked different quotes with a different insurance company with myself as the insured and my son as an additional driver and the quote was very low. We live in Baldwin Park California.
Michelle
Baldwin Park, CA
Yes, you can purchase a separate insurance policy for the new car from a different car insurance company in some situations but all insurance providers have to be informed of all drivers and exclude them or rate them on the their car insurance policy.
Additionally, many insurance companies will require the liability limits to be the same on all insurance policies because both policies can be held responsible in certain car insurance claim situations.
You may shop around for car insurance quotes for all the cars to be placed on one insurance policy online.
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