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How will a new car affect my insurance?

How will being unemployed affect my car insurance rates?

  • After being with Wawanesa for 12 years I let my car insurance lapse for 2 months and now have to reapply. I am now unemployed, how will that affect my rates? Do they look at it as driving less since no job to go to or driving more since excess free time now?

  • Answer:

    Being unemployed shouldn't affect your rates (check state specifics) but the lapse in coverage could cause the rates to increase. they should take into consideration that you aren't commuting and therefore driving less, but be prepared since most insurance carriers (again depending on state) will run credit reports and motor vehicle records to determine rates. hope this helps!

Kinan at Yahoo! Answers Visit the source

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Other answers

The 2 month lapse will hurt you more than the unemployment will. When people are unemployed, they often have trouble making ends meet, and insurance is one of the first things to go unpaid, that makes you a bad risk.

Scott H

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