if i junk my car and canel my car insurance will my car insurance rates go up if i decide to buy a car at a future date?
i live in new york if that means anything.
Rates normally won't go up if you cancel your insurance. Rates are set by:
1. Insurance lapses - cancellation due to non-payment of premiums
2. Inflation
3. Make & model of car being insured
4. Driver's age, accident and moving violation history
5. Driving pattern - cause used for business or leisure
6. Amount of driving - miles per year
7. Insurance company - some have better rates than others
8. Profitability of the company
9. Other reasons not disclosed by insurance companies
Some of these may cause a rate decrease. So it would be hard to determine the cause of your rate changes.