My license were suspended for six months in late November, so I won’t have them back until June. Now I am stuck trying to decide whether I should buy another six months worth of insurance(about $300…I am on my parents’ plan) for the months that I won’t even be driving. I have heard that if you don’t make any changes to your insurance your company will usually not check anything on your driving record. If they do check my driving record I will likely have to get SR-22 insurance, which is for “high risk” drivers. So is pissing away about $300 in order to possibly save myself from an increase in rates a prudent decision? How much will my rates increase if the insurance company does find out about the suspension? FYI, I live in Pennsylvania and my insurance company is All-State
By car insurance | 4 Comments
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March 25, 2010 @ 5:44 am
If you don’t report it to your insurance company, there is a chance you could be dropped all together if they found out. I know all insurance companies check your driving record and status when applying for a new policy, but I honestly don’t know if they do it upon renewal as well. This violation could lead to you being dropped all together from your parent’s plan and lead to you having to find separate and more expensive insurance.
In most states, you can also get insurance for cars that will be owned, but not in use. It may be possible to change your vehicle to this and save some money, then reinstate your car’s status to a daily driver again when you get your license back.
I don’t know the exact policies for where you live or for your insurance carrier. You can probably go to their website and look for a more definitive answer.
March 25, 2010 @ 5:56 am
they are going to find out/they run your license with penn-dot and it comes up at the renewal date/save your money/they may not want you the next time and may just drop you now or raise your rate bigtime/depends on the reason for suspension/dui is the big guy/upid parking tickets is nothing
March 25, 2010 @ 6:33 am
You have to let your insurers know anyway so they’ll raise your premium or worse, drop you.
However if you discontinue it, it’ll cost you more as when you let it lapse you will lose whatever no claim bonus you might qualify for.
March 25, 2010 @ 6:42 am
I think you should
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