Ok my insurance company requires two months deductible before they start my policy. If i leave the insurance company do they use my two month deposit too pay the last two months??????
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{ 3 comments… read them below or add one }
No.
If you cancel your policy before it is "up", that money goes to pay the short rate penalty and cancellation fee, if applicable; or if you just stop paying for it, it pays the cancellation fee, and for insurance, for the time it takes to give your legal notice of cancellation in your state.
If you keep the insurance, you won’t get a bill the last month.
Some insurance do, but many also asked just a month advance. Anyway, if you are looking for a very affordable car insurance, I recommend you check the site below to get free quotes and compare premiums from the leading car insurance companies in the US.
http://www.goodinsurancepolicy.com
You are confused on the difference between what a "deductible" is and what a premium is.