What are the risks if you forget to renew your car insurance?

If you forget to renew your car insurance,
What risks and drawbacks will arise?

What is risk?
The only compensation available will be through compulsory automobile liability insurance, which is designed to provide relief to victims.

Even if an accident occurs, compensation will only be provided for injuries or death of the other party.
There is no compensation for your own injury or death.
There is zero compensation for any property damage.

What are the disadvantages?
The non-fleet grade of automobile insurance and the accident coefficient period cannot be inherited.

When you re-enroll in car insurance, it will be treated as a new enrollment,
Your insurance premiums will increase compared to if you had continued your policy by renewing it.

What is the non-fleet graded rate system?
This is a system with a rating system ranging from 1 to 20, in which discounts or surcharges on insurance premiums are applied depending on the number of insurance accidents.


If you receive a notice from your insurance company about renewal procedures, you'll want to complete the procedures before you forget.
We offer free consultations and car insurance comparisons as often as you like.

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