February 6, 2009, Newsletter Issue #155: When You've Been Dropped by a Car Insurance Company

Tip of the Week

Your car insurance company may drop your policy for a variety of reasons. You could be dropped for becoming a high-risk client or coverage may end if insurers in your state are suffering business losses. If the insurance company has rising costs, they may become highly selective in choice of clients. When you are dropped from a car insurance company, you are still eligible for insurance but your options for coverage may be limited. Each state has created options for high-risk applicants in the form of a special market. These groups are sometimes called “assigned risk plans” or “residual markets.” Call your state's board of insurance for more information on your state's special market of car insurance options. Act immediately to obtain new insurance and do not drive your vehicle unless you have obtained new coverage.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Exclusive Sponsor

CarInsurance.com provides all the information necessary to help our customers make an educated decision when it comes to auto insurance. in addition to the tips provided by LifeTips, we also offer an online Learning Center on our site.

Our Learning Center contains a variety of information from Articles on auto insurance and other car topics, to the last in insurance related news headlines. We also have a Questions & Answers section to help you find answer to some of the most commonly asked questions, and we encourage you to ask your own questions as well.

Stay informed with all the tools available at CarInsurance.com to help you get the most affordable rates for the right coverage.

Not finding the advice and tips you need on this Car Insurance Tip Site? Request a Tip Now!


Guru Spotlight
Jerry Mayo