Comments (scroll down to add your own):

1. Make sure your letters requesting cancelling are sent by certified mail. If not, there’s a chance the insurance company will deny receipt of the request to cancel; if so, they will charge you for the unpaid period. This would amount to a mere annoyance but for the fact that many insurance companies report past due accounts to the major credit reporting agencies.

   Comment by Jay Fleischman — Jan 18th 2006 @ 2:46 pm

2. Which companies report missed premiums to the credit agencies? I have never heard of this

   Comment by xxx — Jun 15th 2006 @ 7:03 am

3. Actually, it seems that most (all?) insurers simply cancel your policy if you fail to pay, as opposed to reporting you to a credit bureau and, eventually, turning you over to collections.

   Comment by nickel — Jun 15th 2006 @ 7:55 am

4. Jay is right, you should sent your letters to the insurance company are always sent by certified mail. I think, it is really sad, that all insurance companies are working this way.

   Comment by LIC — Jan 31st 2008 @ 4:08 am

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