Letting your auto insurance coverage lapse will raise your insurance rates. Gaps in insurance coverage could happen when you switch carriers or even just switch policies. Insurance companies will use the gaps as an excuse to raise your rates.
If your claim is worth less than $25,000, an attorney and lawsuit may not be in your best interest. If the claim is smaller than that, you’re better off wrangling with your company’s claims adjusters to negotiate to a settlement. Often, the cost of an attorney excedes what he or she might save you in court. Carefully fill out the auto insurance application form, listing all of you car’s safety features to qualify for the lowest rate. Items that can prevent injury and theft, such as alarms and airbags, can qualify you for discounts on you car insurance. This is also true if you install these features on an older car. Coverage beyond the legally required minimum is always an option. Even though these options will increase your premium, they are usually worth the additional expense. If you are the victim of a hit-and-run or an uninsured motorist, you’ll be protected if you have uninsured motorist coverage.