What is the difference between cancellation and non-renewal of an auto insurance policy?
When your policy is non-renewed it means that the insurance company does not want to offer you another policy at the end of your current policy period. It is possible that the company is not offering you continued coverage because you don’t meet their underwriting criteria any longer – maybe you lost your driving privileges, maybe you have received too many traffic violations, or maybe you have been involved in too many accidents within the last three to five years. Should this happen to you it is quite possible that you will be able to secure coverage with a different insurance carrier; however, the new carrier will probably charge you a higher premium due to the fact that you are a higher risk. Back to Top The cancellation of a policy can occur at the request of the insured or the insurance company. An insurance company can cancel your policy for a number of reasons such as non-payment of premium or maybe you have misrepresented the necessary information to underwrite the policy. An
