Dan R asked:
I was under the impression that my 2003 car had ABS (anti lock braking system) because my car dealer told me so, I bought it used. Accordingly during the online application for my car insurance I said that my car has an ABS System. Pretty soon after that I discovered that my car does not have such a system. I would like to inform my insurance because I do not want to have problems in case there is an accident. But will they cancel my insurance if I tell them the truth?
Call your insurance company and tell them you made a mistake, we are all human and we tend to make them
No they won’t cancel so give them a call.
Just notify the insurer to correct the information. Might be a small increase in premium but that is all.
Well, if you give false information, if it’s RELEVANT, it can void the policy. HOWEVER, things like ABS brakes are picked up in the vehicle identification number coding, and usually can’t be overwritten.
So, as long as the vin on your policy is correct, they already know whether or not you have ABS brakes. For sure.
Depending on whether you have a sub-standard ins company or not they more than likely won’t cancel your policy. ABS does not provide a signifanct discount in premium so most companies don’t even bother to verify this information furthermore, when VIN# the basic vehcile features would have automatically been identified by the VIN.
Now, from a claim perspective if you got into an accident in whis ABS would have help prevent a loss, once the inspection is done and they realize that you didn’thave the feature but was receiving the discount- they will more than likely pay the premium (again, this depends on your ins company) but in the event that they deny the claim, yu can oush back back because they provided you the discount without checking and or using there resources and you simply provied info abt the car to them as you were advised. Give insurance companies push back and they will do their best to retain you as an insured if your claims, payment history and overall account are an acceptable risk.
Try using to compare car insurance rates for all the major providers in your area.
Yes you can cancel your policy, by notifying them in writing. You do NOT get all the money back – there’s a short rate cancellation charge, AND a cancellation fee when allowed by the state. The short rate is about a month’s premium. The cancellation fee varies by state, but is typically $50.
Also, a good resource is this one…
All the best to you.