Author Topic: Not Using Leased Car. Cancel Insurance?  (Read 1355 times)

Offline Luvisrael

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Not Using Leased Car. Cancel Insurance?
« on: July 05, 2017, 03:54:26 PM »
Im not gonna be using my leased car for the next 8 months. Can I just cancel my insurance for a while, than reinstate it before i give it back (lease companies dont like uninsured cars)?
Please dont respond with unsolicited tips as far as giving over the lease.. Thanx  :D

Offline Tuna Baygel

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Re: Not Using Leased Car. Cancel Insurance?
« Reply #1 on: July 05, 2017, 04:19:01 PM »
In NY a registered car must have insurance

Offline ydf

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Re: Not Using Leased Car. Cancel Insurance?
« Reply #2 on: July 05, 2017, 04:27:15 PM »
Im not gonna be using my leased car for the next 8 months. Can I just cancel my insurance for a while, than reinstate it before i give it back (lease companies dont like uninsured cars)?
Please dont respond with unsolicited tips as far as giving over the lease.. Thanx  :D
in NY as long u dont send back your license plates to the dmv u will be fined for each day u dont have insurance

Offline mgarfin

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Re: Not Using Leased Car. Cancel Insurance?
« Reply #3 on: July 05, 2017, 07:02:45 PM »
in NY as long u dont send back your license plates to the dmv u will be fined for each day u dont have insurance

And your driver license becomes suspended

Offline real-brisker

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Re: Not Using Leased Car. Cancel Insurance?
« Reply #4 on: July 05, 2017, 07:20:10 PM »
What happens if it gets stolen or a tree falls on it?

Offline Luvisrael

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Re: Not Using Leased Car. Cancel Insurance?
« Reply #5 on: July 06, 2017, 03:21:13 AM »
In NY a registered car must have insurance
im in nj

Offline Luvisrael

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Re: Not Using Leased Car. Cancel Insurance?
« Reply #6 on: July 06, 2017, 03:23:51 AM »
this is from nj gov website.

"It is important to realize that you are breaking the law if you drive uninsured. The penalties for driving uninsured are getting more severe — in addition to risking economic loss by not having insurance protection, you risk fines, suspension of driver's license or registration and even time in jail. In the future, your car could be impounded if you are caught behind the wheel without coverage."

im not using my car