Forum Discussion
Nutinelse2do
Aug 22, 2014Explorer
dahkota wrote:
Unless you cancel your registration, you can't cancel your insurance without penalties from the state, including fines and potentially revoking your license. You can downgrade your policy to the minimum required in your state any time you wish, depending on your insurance company. Otherwise, you will have to cancel and then reregister your vehicle every time you want to drive it.
North Carolina insurance guide Note on page three the minimum requirements.
That is interesting how different states work. In Arizona, if a motorized vehicle is not being driven on the road, you can simply fill out a form with the MVD saying such, and it is ok to cancel liability insurance as long as you would like to.
To the OP, when we had GMAC on our DP, they would cancel the liability and keep only the comp and collision on. Had to be for a minimum of 30 days at a time at a time though.
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