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Is it considered a lapse in coverage if I cancel my car insurance, but I stay on my parents' insurance?
I just bought a motorcycle. As such, I won't be driving a car nearly as much, if at all, in the future. I want to cancel my car insurance, and I'm still on my parents' policy for the same vehicle. Is this considered a lapse in coverage?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“A lapse is defined as a period of time when you have a registered car, but no
car insurance
. As long as the car is insured and your name is on your parents’ policy, you’ll be fine.Assuming you’re on the lookout for cheap motorcycle insurance, you should shop around and get quotes online. This is the only way to ensure you get the right coverage for the lowest price.
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