C102582

2 Contributions 37 People Helped

Member Since: February 2014

Most Helpful Contribution

How to get a decent price after not having insurance for awhile?

Apr 08, 2014
Tips from an insurance agent
Helpful to 30 out of 34 people

I work for a well known insurance company, and unfortunatly, there isn't much you can do with the gap in the insurance coverage.  Believe me, if i have to talk to someone who has to pay higher rates because of this, I feel bad.  Especially when they don't have a car or anything they need to insure.  The best thing I can tell you is to try to keep your policy active.  Even if you don't have a car.  Or possibly look into a non owners policy.  Another idea is if your parents or relative can put you on their insurance so you don't have that gap, and when you get a vehicle, you can get your own policy.  Don't let someone cover you and your vehicle if you do not live with them though.  That is insurance fraud and you can get into some trouble with that.  Other than that, the best rates will go to those who maintain insurance for 6 or more years without a gap in coverage.  6 months of cont. insurance coverage helps, but not by a big difference.  If you can get a year, at least of cont. insurance coverage, then shop around for better rate.  Insurance companies can't match your quote, but at least it will allow you to get other insurance elsewhere without having to pay the higher rates.  And one HUGE rating factor for prices...is credit. If you have poor credit, you will pay a HIGH amount for insurance.  So if at all possible, try to keep your score up.  Another idea is if you have insurance, but bought it when your credit wasn't the greatest, call the carrier to see if they will repull it and give you a better rate.  They can't do this in all states when requested, but some allow it.  I know the company I work for does it every year or 2 automatically depending on the state.  The bright side is that there are only a few states that will raise your rate after the fact.  if your credit gets worse, it doesn't usually effect the premium at renewals.  But never hurts to call in and ask about it.  Hope this helps.  :)

Activity (2 Total Contributions)

How to get a decent price after not having insurance for awhile?

Apr 08, 2014
Tips from an insurance agent
Helpful to 30 out of 34 people

I work for a well known insurance company, and unfortunatly, there isn't much you can do with the gap in the insurance coverage.  Believe me, if i have to talk to someone who has to pay higher rates because of this, I feel bad.  Especially when they don't have a car or anything they need to insure.  The best thing I can tell you is to try to keep your policy active.  Even if you don't have a car.  Or possibly look into a non owners policy.  Another idea is if your parents or relative can put you on their insurance so you don't have that gap, and when you get a vehicle, you can get your own policy.  Don't let someone cover you and your vehicle if you do not live with them though.  That is insurance fraud and you can get into some trouble with that.  Other than that, the best rates will go to those who maintain insurance for 6 or more years without a gap in coverage.  6 months of cont. insurance coverage helps, but not by a big difference.  If you can get a year, at least of cont. insurance coverage, then shop around for better rate.  Insurance companies can't match your quote, but at least it will allow you to get other insurance elsewhere without having to pay the higher rates.  And one HUGE rating factor for prices...is credit. If you have poor credit, you will pay a HIGH amount for insurance.  So if at all possible, try to keep your score up.  Another idea is if you have insurance, but bought it when your credit wasn't the greatest, call the carrier to see if they will repull it and give you a better rate.  They can't do this in all states when requested, but some allow it.  I know the company I work for does it every year or 2 automatically depending on the state.  The bright side is that there are only a few states that will raise your rate after the fact.  if your credit gets worse, it doesn't usually effect the premium at renewals.  But never hurts to call in and ask about it.  Hope this helps.  :)

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