{"id":7065,"date":"2023-01-06T14:50:47","date_gmt":"2023-01-06T20:50:47","guid":{"rendered":"https:\/\/www.aipflorida.com\/?p=7065"},"modified":"2023-01-06T14:50:47","modified_gmt":"2023-01-06T20:50:47","slug":"renewing-your-insurance-policies","status":"publish","type":"post","link":"https:\/\/www.aipflorida.com\/es\/blog\/renewing-your-insurance-policies\/","title":{"rendered":"Renewing Your Insurance Policies"},"content":{"rendered":"<div class=\"block wysiwyg-block\">\n<div class=\"row\">\n<div class=\"col\">\n<h2>Your guide to car insurance renewal<\/h2>\n<p>When the end of your car insurance policy approaches, you have two choices: renew this policy or\u00a0shop for a new one. Here\u2019s how to deal with car insurance renewal and what happens if you can\u2019t renew your policy.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"block background-color-block bg-purple-1\">\n<div class=\"py-025  px-2 \">\n<div class=\"block wysiwyg-block\">\n<div class=\"row\">\n<div class=\"col\">\n<h4>Key Takeaways<\/h4>\n<ul>\n<li>Most insurance companies offer auto-renewal, which makes the process convenient and low-hassle<\/li>\n<li>You should get notified about a month before the policy term is up and you&#8217;ll be sent new policy documents to review<\/li>\n<li>If a company is not renewing your policy, they must notify you 10 days prior to the policy term expiration date<\/li>\n<li>You can always compare rates from other companies to make sure you&#8217;re getting the best rate<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"block image-copy-block\">\n<div class=\"row align-items-center\">\n<div class=\"col-12 col-lg-7\">\n<h2>How to renew your car insurance policy<\/h2>\n<p>Most\u00a0<a href=\"https:\/\/www.thezebra.com\/auto-insurance\/policies\/\">car insurance policies<\/a>\u00a0have a policy period lasting either six or 12 months, depending on the length the company offers and for which you signed up. The last day your policy is effective is called the\u00a0<strong>expiration date<\/strong>, and at that point, you can renew your policy. Most\u00a0<a href=\"https:\/\/www.thezebra.com\/insurance-companies\/best-car-insurance-companies\/\" data-id=\"9972\" data-parent-id=\"2946\" data-linktype=\"page\">auto insurance companies<\/a>\u00a0offer automatic renewals, meaning that if you wish to continue coverage, simply take no action to stop the renewal and continue making your payments. If you are enrolled in autopay, the insurer will take your scheduled payment via the method on file (your\u00a0credit card, checking, savings or debit information). As long as you are in good standing, your car insurance company is likely to automatically offer you a policy for the next term. This is convenient for many, as it is low-hassle;\u00a0it&#8217;s not necessary to fill out any more paperwork or take any action to ensure that they remain covered.<\/p>\n<\/div>\n<div class=\"col-12 col-lg-5 image-container\"><img decoding=\"async\" class=\"lozad\" src=\"https:\/\/cdn.thezebra.com\/zfront\/media\/production\/original_images\/calendar_icon.png\" alt=\"calendar\" data-src=\"https:\/\/cdn.thezebra.com\/zfront\/media\/production\/original_images\/calendar_icon.png\" data-loaded=\"true\" \/><\/div>\n<\/div>\n<\/div>\n<div class=\"block wysiwyg-block\">\n<div class=\"row\">\n<div class=\"col\">\n<p>Typically, about a month before your policy\u2019s expiration date, your insurance provider will contact you with your renewal offer, with the same limits and parameters of the policy that you previously enjoyed. This message will contain your new policy documents: the new effective dates, the new\u00a0<a href=\"https:\/\/www.thezebra.com\/auto-insurance\/insurance-guide\/how-read-a-car-insurance-policy\/\">declarations page<\/a>\u00a0and ID cards, and your new car insurance premium. Making your regular payment signals the insurer to automatically renew your policy and continue covering you. The possible danger in automatic renewals is that car insurance premiums can increase without you noticing, even if there is no change in coverage or driving history. It\u2019s important to read the terms of the renewal offer carefully before the new policy begins.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<hr class=\"horizontal-rule-block\" \/>\n<div class=\"block wysiwyg-block\">\n<div class=\"row\">\n<div class=\"col\">\n<h2>How to decline the offer to renew your car insurance plan<\/h2>\n<p>If you do not wish to continue coverage with the same insurance company, you must decline the renewal offer and apply for a new policy with a different carrier before the current policy\u2019s expiry date. Contact your provider to let them know to end coverage on the expiration date of your current policy. Before the end of your auto insurance policy, you\u2019ll need to\u00a0<a href=\"https:\/\/www.thezebra.com\/auto-insurance\/how-to-shop\/\" data-id=\"2503\" data-parent-id=\"1655\" data-linktype=\"page\">shop around for a new policy<\/a>\u00a0with a new insurance carrier. The new car insurance plan should begin the same day as your policy end date, as the previous policy will stop coverage at 12:01 a.m. on the expiration date (insurance policies begin and end at 12:01 a.m. on any given date). As long as your new policy\u2019s effective date is the same day as your old policy\u2019s expiration date, you will avoid a lapse in coverage.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<hr class=\"horizontal-rule-block\" \/>\n<div class=\"block image-copy-block\">\n<div class=\"row align-items-center\">\n<div class=\"col-12 col-lg-7\">\n<h2>What happens if I don\u2019t renew my policy and my coverage lapses?<\/h2>\n<p>If you begin your new coverage any time after the expiration date of the previous policy, there will be a lapse in coverage. You want to avoid a\u00a0<a href=\"https:\/\/www.thezebra.com\/auto-insurance\/coverage\/car-insurance-after-lapsed-coverage\/\">lapse in insurance coverage<\/a>\u00a0for several reasons:<\/p>\n<ul>\n<li>You are unprotected throughout the lapse period.<\/li>\n<li>A lapse in coverage can lead to higher premiums down the line.<\/li>\n<li>New insurance companies might offer discounts for continuous coverage over a certain length of time; if you lapse, you will not be eligible for this discount.<\/li>\n<\/ul>\n<\/div>\n<div class=\"col-12 col-lg-5 image-container\"><img decoding=\"async\" class=\"lozad\" src=\"https:\/\/cdn.thezebra.com\/zfront\/media\/production\/original_images\/_icon-time-watch.png\" alt=\"watch\" data-src=\"https:\/\/cdn.thezebra.com\/zfront\/media\/production\/original_images\/_icon-time-watch.png\" data-loaded=\"true\" \/><\/div>\n<\/div>\n<\/div>\n<div class=\"block wysiwyg-block\">\n<div class=\"row\">\n<div class=\"col\">\n<p>If your insurance provider does not automatically renew your policy and you let your policy expire before purchasing another, you will also experience a lapse in coverage. From the day your policy expires to the effective date of a new policy, you will not be covered and should not drive your vehicle. If you decide you want to renew your previous policy after all, your insurance agent may be able to\u00a0<a href=\"https:\/\/www.thezebra.com\/auto-insurance\/coverage\/car-insurance-after-lapsed-coverage\/#reinstate\">reinstate your policy<\/a>, though you may be subject to a penalty fee. If reinstatement is not an option, it\u2019s time to\u00a0shop for car insurance\u00a0online.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<hr class=\"horizontal-rule-block\" \/>\n<div class=\"block wysiwyg-block\">\n<div class=\"row\">\n<div class=\"col\">\n<h2>What happens if my insurance company decides not to renew my policy?<\/h2>\n<p>If your insurance company decides not to offer you a policy renewal\u00a0\u2014 whether it be because of payment inconsistency,\u00a0<a href=\"https:\/\/www.thezebra.com\/auto-insurance\/accidents\/car-insurance-claims\/\">insurance claims<\/a>\u00a0or moving violations \u2014 the company must inform you that your policy will not be renewed 10 days prior to your expiration date. This gives you time to\u00a0shop for a\u00a0new policy\u00a0and avoid any lapse in coverage.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<hr class=\"horizontal-rule-block\" \/>\n<div class=\"block pull-quote-block\">\n<div class=\"row justify-content-center align-items-center\">\n<div class=\"col-12 col-lg-7\">\n<h2>Car insurance cancellation vs. nonrenewal: what&#8217;s the difference?<\/h2>\n<p>There is a difference between\u00a0<a href=\"https:\/\/www.thezebra.com\/auto-insurance\/policies\/car-insurance-canceled-policies\/\">cancellation<\/a>\u00a0and nonrenewal, but both result in the end of coverage. Cancellation can occur at any point throughout the policy, and when issued by the insurer, is often the result of fraud or nonpayment. The insured can cancel a policy at any time without providing a reason. The auto insurance company must give notice to the insured if they are canceling coverage, and they also must provide the reasons for cancellation.<\/p>\n<p>Nonrenewal occurs at the end of the policy term. If issued by the insurance company, it means they decided not to cover you for another term and are voiding coverage on the last day of your policy period. The insurer must provide notice to the insured, while if the insured decides not to renew, no advance notice is required.<\/p>\n<\/div>\n<div class=\"col-12  col-lg-5 \">\n<div class=\"pqb-quote-container fadein-anim\">\n<p data-block-key=\"k65gn\">Cancellation can occur at any time during the policy, whereas nonrenewal occurs at the end of the current policy term. Both require notification from the insurance company.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<hr class=\"horizontal-rule-block\" \/>\n<div class=\"block wysiwyg-block\">\n<div class=\"row\">\n<div class=\"col\">\n<h2>Why did my car insurance rates increase?<\/h2>\n<p>It is always possible for insurance rates to increase, even if you did not have any claims, accidents or violations.\u00a0<a href=\"https:\/\/www.thezebra.com\/auto-insurance\/how-to-shop\/car-insurance-rate-increases\/\">Insurance rates\u00a0increase and decrease<\/a>\u00a0with industry trends. If the insurance company\u2019s policyholders experienced a lot of losses in the last six months and the company is losing money, they may raise their premiums for even good drivers to recoup those losses. If you are unable to accommodate a rate increase, you are always able to\u00a0<a href=\"https:\/\/www.thezebra.com\/auto-insurance\/\">compare auto insurance rates<\/a>\u00a0with several companies to find a new policy.<\/p>\n<\/div>\n<p>By\u00a0<a class=\"author-name\" href=\"https:\/\/www.thezebra.com\/about\/renata-balasco\/\" data-track-location=\"body\" data-track-click=\"internal_link\" data-track-name=\"author_byline_name\">Renata Balasco<\/a><\/p>\n<div class=\"byline-date\" data-published-date=\"September 16, 2022\" data-modified-date=\"January 5, 2023\">Updated January 5, 2023<\/div>\n<div data-published-date=\"September 16, 2022\" data-modified-date=\"January 5, 2023\">https:\/\/www.thezebra.com\/auto-insurance\/insurance-guide\/car-insurance-renewal\/<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Your guide to car insurance renewal When the end of your car insurance policy approaches, you have two choices: renew [&hellip;]<\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":null,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_analytify_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7065","post","type-post","status-publish","format-standard","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.aipflorida.com\/es\/wp-json\/wp\/v2\/posts\/7065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aipflorida.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aipflorida.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aipflorida.com\/es\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aipflorida.com\/es\/wp-json\/wp\/v2\/comments?post=7065"}],"version-history":[{"count":0,"href":"https:\/\/www.aipflorida.com\/es\/wp-json\/wp\/v2\/posts\/7065\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.aipflorida.com\/es\/wp-json\/wp\/v2\/media?parent=7065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aipflorida.com\/es\/wp-json\/wp\/v2\/categories?post=7065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aipflorida.com\/es\/wp-json\/wp\/v2\/tags?post=7065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}