If you have a one-day lapse in car insurance, your insurance premiums could go up since insurers typically don’t like seeing gaps in coverage. Your state’s DMV will also be notified of the lapse, and you will be required to show proof of insurance in order to avoid the penalties for driving without coverage.
The penalties for a one-day lapse in car insurance will be much more severe if you get into an at-fault accident while uninsured. If you don’t have coverage, you’ll be financially responsible for any damage that you cause. Additionally, you could face penalties such as hefty fines, a license suspension, and even jail time.
In order to avoid the consequences that come with a lapse in coverage, it’s important to make sure you always have an active car insurance policy. For example, if you’re switching car insurance companies, don’t cancel your old policy until the new one is in effect.
There are several things that can happen if your car insurance lapses. A lapse can result in a rate increase, repossession of your car, a fine or even a suspended license. In addition to this, if you cause an accident after your car insurance lapsed, you will be liable for all the costs.… read full answer
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