You should have another policy in effect before canceling your existing coverage to avoid your future car insurance premiums increasing substantially due to a lapse in coverage. If you are ...

Laura Longero is an award-winning writer and editor who has more than 15 years of editorial experience. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc.

When a driver secures a new auto insurance policy, they expect immediate, reliable coverage. While the car insurance policy is indeed effective from the moment the payment is accepted, nearly all ...