Tag: Insurance Tips

July 10, 2024 Off

The Rising Cost of Car Insurance: What Happens When Your Policy Gets Canceled

By The Admiral Staff

Car insurance rates are surging, with a 20.6% increase since February 2023, leading some drivers to face policy cancellations. These cancellations can occur for several reasons, including the insurer leaving a state, being deemed a high-risk policyholder (due to DUIs or accidents), non-payment of premiums, changes in eligibility (like moving to a high-crime area), or policyholder fraud (like unauthorized business use of the vehicle). To avoid cancellation, experts recommend