With many states on lockdown and people across the country avoiding travel and gatherings, countless car owners are driving a lot less.
If your driving habits have been significantly impacted, you may be wondering if you should make any changes to your car insurance policy.
Since the COVID-19 outbreak, the Center for Disease Control and Prevention has advised employers to encourage employees to work from home.
In recent days, there has been a call for car insurance companies to lower or refund premiums due to COVID-19-related lockdowns.
The Consumer Federation of California Education Foundation filed a petition with the California Insurance Commissioner requesting car insurance companies refund or credit premiums to drivers because fewer accidents will mean bigger profits for auto insurers.
Additionally, the Consumer Federation of America and the Center for Economic Justice has called on state insurance departments to urge car insurers to offer premium relief for policyholders.
Since motor insurance is compulsory, If you get caught driving without car insurance, you could face fines, license and registration suspension.
So the bottom line is if you plan to drive at all, don’t cancel your car insurance.
Even if you’re not driving, auto insurance can be essential. Things can happen to your car while it’s sitting in the carpark.
Forbes
News1 week ago
News1 week ago
News1 week ago