Missing Your Insurance Payments
Most people think of the expenses associated with car insurance as inconvenient and exorbitant. The truth is, however, that covering the costs of a car accident out-of-pocket is impossible for most. Additionally, driving without insurance is against the law in most states. Some people let their insurance policies lapse because of missed payments, but because of the aforementioned reasons, this is a serious matter with serious consequences.
Lapsing on car insurance payments can not only cost you money, but it can have other, more serious, legal repercussions as well. If you have questions about car insurance, or if you are thinking about switching insurance providers, contact the Chicago auto insurance experts at Insure on the Spot by calling 773-202-5060 today.
Lapses in Payment
Illinois is a particularly tough state when it comes to actions taken against customers that fail to make payments on their car insurance. It is up to the state to decide upon consequences for lapses in insurance payments, and Illinois has the following penalties in place:
- Raised Premium Payments
- Canceled Policy
This may seem severe, but there is no getting around it. Additionally, if your policy is canceled for non-payment, your new policy, no matter what company you choose, is likely to have an inflated premium from the very start.
Contact Us
Car insurance is nothing if not complicated. It’s worth knowing the facts, because knowledge can save you time and money. When you have question, we have answers. Call 773-202-5060 to speak with Insure on the Spot’s Chicagoland auto insurance experts.
