Liability Auto Insurance Discounts in New York
Reader’s Question:
I live in Buffalo, NY and I will be moving to another state in three months, what will happen if I cancel my liability insurance?
Harold
Buffalo, NY
The car insurance company must notify the Department of Motor Vehicles (DMV) if you cancel your liability insurance. If your insurance coverage is reinstated or you get new insurance coverage, your car insurance company in Buffalo, NY is also required to notify DMV. If the car insurance company does not file an electronic notice about your new or reinstated liability insurance, the DMV will send you a letter about your insurance. Once you receive the letter, read the insert mailed with the letter, and follow the instructions in the letter. You are given 10 days from the date of the DMV letter to prove that you carry an insurance coverage, prove that you sold the vehicle, or show other proof that insurance coverage was not required in New York State. If you do have insurance coverage, also ask your car insurance company to file an electronic notice of insurance coverage with the DMV.
If you do not have liability insurance, you must surrender your vehicle plates to the New York State DMV immediately and make sure you get a receipt. You must respond to the letter you receive from the DMV or surrender your license plates to avoid the suspension of your registration and driver’s license. If your liability insurance is about to lapse and you do not plan to replace it with other car insurance, surrender your vehicle plates to the DMV before your insurance coverage lapses.
Car Insurance Discounts – Who Offers Them?
Reader’s Question:
Which insurance companies offer a discount for security systems and what kind of security system does it have to be?
Liam
Austin, TX
Generally, most car insurance providers will allow for an anti-theft discount which would apply to Comprehensive coverage. The discount can vary from a 5% to 20% credit. Usually this is applied to cars with a passive disabling device which renders the fuel, ignition or starting system inoperative.
Many newer cars have this type of system already installed as standard equipment. The discount usually also extends to cars with LOJACK devices. In most cases, proof of installation like service order a receipt must be provided.
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