Marissa Hayes is a technical editor and contributing writer. She holds a Bachelor’s Degree in history, and she was the editor of the literary magazine, The Bluestone Review.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Car Insurance Agent

UPDATED: Nov 10, 2020

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Insurance is like a utility bill. If you don’t pay it, there are dire consequences. For example, you will be constantly under pressure when you are behind the wheel of a car. Your license, vehicle registration may be suspended and you will have fines to pay.

There are court fees, penalty for driving with an unpaid or defaulting insurance plan, and the need to get a new insurance plan if your current one refuses to handle your account anymore. This puts you under the category of “high risk” client and will mean a higher base rate.

On top of all these, you could have the insurance company sending collectors to your office and home. If payment is still not received or updated after a certain period, it goes into your credit record.

A better idea than non-payment would be to try and re-negotiate your insurance policy and request for a lower rate. The insurance company may be willing to talk to you about it but then it will be on a case-to-case basis.

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