What happens if you stop paying your car insurance premium in Texas?

I currently have car insurance in Texas, but my insurer keeps increasing my premiums. I want to find a new, cheaper policy, so I thought maybe I should stop paying. Is this a good idea?

“If you stop paying your car insurance, your insurer will cancel your policy. At this point, you’ll be uninsured, meaning you’ll be breaking the law every time you get behind the wheel.
To make matters worse, your lack of car insurance—even if it’s just for a few days—means that you’ll be newly classified as high-risk. This means your insurance premiums will go up when you finally get insurance again.
So if you’re unhappy with your current policy, start shopping for cheap car insurance now. Keep paying your current car insurance until you’ve secured the new policy, then call your old insurance company to cancel so your coverage never lapses.
Some car insurance companies may even reimburse you for the prorated portion of the insurance policy—a win-win by all accounts.”
Eric Schad
Answered on Apr 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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