By and large, canceling your car insurance in Las Vegas is not a good idea, since the costs of car repair and potential medical costs caused by an accident are likely to take a heavy toll on one’s personal budget. However, in certain situations, annulling a car coverage policy simply needs to be taken care of, for instance when you sell your car without buying a new one, or when you cancel the policy of a family member who passes away. In case you decide to cancel your insurance without taking out a new coverage policy, here’s what you need to do:
1. Inform your car insurance provider of your decision
Letting your insurer know that you want to cancel your car insurance in Las Vegas often involves no more effort than a phone call or email. However, be sure to do this, instead of simply letting your insurance policy end. If you fail to inform them, they will keep on calling, emailing, and sending you bills. And once this nuisance stops, you can’t assume your car insurance policy was cancelled by itself – you might also be reported for non-payment to the credit agencies, which, in turn, can come to negatively affect your credit score.
2. Follow your insurer’s policy on how to cancel your car insurance in Las Vegas
Different insurance providers will handle policy cancelations in different ways. With some, you might have some paperwork to sign, in order to make your decision official and documented. With others, all you’ll need to do is send them a standard formal letter, informing them of your wish to terminate the policy. And in other cases, not even such a letter is necessary, as you will simply need to talk to a sales agent or other company representative. But the basic idea is that you will need to follow a standard procedure of some sort, before you can formally cancel your car insurance in Las Vegas.
3. Ask for your money back
If you’re canceling a car insurance policy for someone who has passed away, chances are you will receive a refund for the months or weeks of coverage that had already been paid for. Whatever the case may be, you need to check with your insurer and find out if you are entitled to receiving any unused premium money.
4. Let the Nevada DMV know
According to Nevada law, the Department of Moving Vehicles needs to be informed that you have decided to cancel your car insurance in Las Vegas. They don’t require any sort of formal written notice, but you will have to call them or email them at the very least. Then, you will also be mandated by law to visit their offices to turn in the license plates for the car. Your registration will also be canceled by default, since in Nevada it is illegal to drive a moving vehicle on a public road without any insurance. That means that if you are planning to get another type of car insurance at some point, you will not be able to legally drive your car in Las Vegas until you are once again insured.