What to Do If Your Vehicle Insurance Has Expired for Several Months?

[LeilaAnn]

Vehicle insurance that has expired for several months can be renewed. Currently, most insurance companies consider policies that have lapsed for more than three months as new insurance. Even if there were no claims in the previous year, discounts are calculated as new insurance after three months of lapse, typically around 15% off. Below is a partial introduction to auto insurance: 1. Components: Auto insurance generally includes basic insurance and additional coverage. Basic insurance is further divided into vehicle damage insurance and third-party liability insurance. 2. Coverage Details: Vehicle damage insurance covers losses to your own vehicle; third-party liability insurance covers damages to entities outside your own vehicle, such as people and public property you collide with, or the other party's vehicle; passenger liability insurance covers personal and property losses within your own vehicle; theft insurance covers compensation when your vehicle is stolen; no-deductible coverage ensures 100% compensation in case of an accident. If no-deductible coverage is not purchased, you will bear 30% of the deductible for each accident.