What is considered a lapse in insurance for auto insurance companies?

I live in Texas and own two vehicles. Both are currently insured and paid off. Since I'm not driving either of them, I'd like to cancel the insurance. I'm also considering registering them as non-operational. If I do decide to cancel both insurance policies, will this be considered a lapse in the future?

Answer provided by
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Emily Maracle
Answered on May 03, 2021
“Any time you are without car insurance for more than 30 days, insurance companies consider this to be a lapse.
Should you decide to cancel insurance on both of your vehicles, you will likely have to pay a higher premium when you need insurance again.
Depending on your situation, you could always leave one vehicle insured with liability coverage only. If you select your state’s minimum requirements for insurance, it would also significantly lower your rate.
You could also shop around. Every carrier offers different rates and coverages, so you may be able to find something more affordable with another company.
If you want cheap car insurance quotes fast, go to Jerry. A licensed broker that offers end-to-end support, the free Jerry app gathers affordable quotes, helps you switch plans, and even cancels your old policy for you. “
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