• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
  • Pinterest
  • Twitter
  • Facebook
  • Instagram
Home Jobs by MOM

Home Jobs by MOM

Insights. Ideas. Improvements.

  • Lifestyle Insights
  • Business Ideas
    • Online Tools for Bloggers
  • Improving Family Life
  • Contact

Backdating Car Insurance: Can It Be Done?

You are here: Home / Lifestyle / Money / Backdating Car Insurance: Can It Be Done?

THIS WEBSITE USES AFFILIATE LINKS WHICH MEANS WE RECEIVE COMPENSATION IF YOU PURCHASE A PRODUCT THROUGH THEM. VISIT OUR DISCLOSURE PAGE FOR MORE INFORMATION.

December 1, 2020 by Home Jobs By Mom
Pin30
Tweet
Share6
36 Shares

 

Why Would You Need a Backdated Car Insurance Policy_ (1)

When you’re running a household, you’re also in charge of budgeting and dealing with insurance things. This includes car insurance for many families.

Car insurance can be an area of confusion for a lot of people. If done right,  you can save money and put it toward other areas of your budget. One area of car insurance people often don’t understand and may have questions about is backdated premiums or backdated insurance policies. Will my policy cover approved AAA body shops? Will my payment be delayed? Can I even do this legally?

Below is an overview of everything you should know about the concept.

What is Backdating Insurance?


Typically, when you purchase car insurance, you get protection if you are involved in a car accident and incur losses. If you have an accident, your insurance company will pay for certain costs.

Some people wonder what would happen if they didn’t have insurance, and they may inquire about backdating insurance. Then, theoretically, the insurance provider would pay the claim anyway.

Is this an option?

While you can always ask, the answer is typically no. Backdating a policy isn’t something a reputable car insurance provider is going to do.

The situation we’re discussing assumes an accident has already occurred. This would be a massive risk for a car insurance company to backdate a policy in that instance.

What about other situations?

Sometimes a car insurance company may backdate coverage if you have a No Known Loss Letter.

What Is a No Loss Letter?


In certain situations, if you’ve had an insurance policy canceled because you haven’t paid it, then you may want to reinstate it. In that case, your insurance provider may want you to sign a No-Loss letter before they’ll restore your policy.

That letter states that there were no known claims during the insurance lapse.

This is a very different than getting into an accident and hoping you can get coverage after the fact.

With this letter, you are asking the insurance company to reinstate your policy instead of getting a new one.

The primary condition of this reinstatement is that you haven’t had a claim during the period you weren’t insured.

The idea behind car insurance is to protect drivers from losses stemming from car accidents. But what if you didn’t have coverage? Is it possible to backdate your car insurance? Keep reading to find out! Click To Tweet

The differences between not having insurance and getting in an accident and having a lapse in your policy with no accidents or claims are significant in an insurance company's eyes.

It’s up to the discretion of an insurance company whether or not they want to reinstate your policy, however.

You must realize there’s no benefit for the auto insurance company to backdate a policy. If you’re a long-time customer and something happened that led your coverage to lapse, then maybe, but still probably not.

If an insurance company agrees to reinstate your policy after a lapse in coverage, they will usually only do it if the lapse period is no more than 30 days.

Is it Fraud?


Something else to be aware of is that in some states, the concept of backdating an insurance policy is considered fraud.

Backdating Other Types of Insurance

Sometimes people get confused about backdating car insurance because it’s not as frowned as other insurance types.

As an example, maybe you have life insurance, and you didn’t pay your premiums. The policy lapsed, so you’d like to reinstate it. Unless you’re trying to get coverage for someone who’s just died, there’s no risk there for the insurer.

If you’re in a situation where you’re wondering about backdating an insurance policy, if it’s car insurance, it’s probably not going to happen. Backdating would be something an insurance company would be doing in your favor as the driver and consumer, and that’s not necessarily what these companies are out to do.

The only way you may have a chance of backdating is if you didn’t pay your premium. Perhaps your policy can legitimately reinstate your coverage in certain situations, but the lapse couldn’t have exceeded 30 days.

Why Would You Need a Backdated Car Insurance Policy_

The better option is to compare car insurance on Money Expert and see what you can easily afford. This way, you'll avoid the risk of being unable to pay and facing a lapse in coverage.

Who is your car insurance provider? Do you like them?

Related Posts:

  • WAHM: Should Your Online Business Have Business Interruption Insurance?
    WAHM: Should Your Online Business Have Business Interruption…
  • Winter Driving In Canada: How To Stay On The Safe Side
    Winter Driving In Canada: How To Stay On The Safe Side
  • 3 Cost Saving Ways to Lower Monthly Bills
    3 Cost Saving Ways to Lower Monthly Bills
  • Homeowners' Secrets For Lowering Home Insurance Costs
    Homeowners' Secrets For Lowering Home Insurance Costs
  • Insurance Investment Property Tips for New Homes and Income Properties
    Insurance Investment Property Tips for New Homes and Income…
  • 5 Tips for Buying the Best Vehicle for Your Teen
    5 Tips for Buying the Best Vehicle for Your Teen
  • 8 Ways to Save More Money as a Renter
    8 Ways to Save More Money as a Renter
  • 6 Tips for Driving Safely on the Interstate this Holiday Season
    6 Tips for Driving Safely on the Interstate this Holiday…
Pin30
Tweet
Share6
36 Shares
Category: Lifestyle, MoneyTag: car insurance, insurance

About Home Jobs By Mom

Krystle Cook – the creator of Home Jobs by MOM – put her psychology degree on a shelf and dived into a pile of diapers and dishes instead. She is a wife and mother to two rambunctious boys, sweating it out in her Texas hometown. She loves cooking, DIY home projects, and family fun activities.

Previous Post:Exploring the Many Benefits of a Wall-Mounted Electric FireplaceHow You Can Lower Electric Bills In The Winter
Next Post:7 Tips for Handling an Estate Cleanout of a Loved OneEmpty apartment with packed carton boxes before moving

Sidebar

Welcome!

Get a look into a mom’s inkling into this crazy thing called life.

Read More

Recent Posts

  • Blogger Opp: Coned Edible Treats Giveaway #BloggersWanted
  • How To Stop Your Partner From Feeling Unappreciated in Your Relationship
  • February $100 Cash Giveaway (Ends 2/28) #valentinesday2023 #BTEvents
  • Coned Edible Treats Giveaway (Ends 3/7) @BakedBags
  • How to Create the Perfect Organizational Systems for Your Home
  • Pete & Pedro Mens Cologne Giveaway (Ends 2/14) @DeliciouslySavv @pandpbuenohair
  • EWin PRIME Fascia Massage Gun Giveaway (Ends 2/14) @goosegiveaways @ewinracing
  • Cirkul Happily Hydrated Giveaway (Ends 2/14) @SilvieArmas
  • 6 Creative Ways to Serve Mini Ice Cream Cones
  • Where to Buy Trendy Outfits for Women?

February $100 Cash Giveaway (Ends 2/28) #valentinesday2023 #BTEvents

Coned Edible Treats Giveaway (Ends 3/7) @BakedBags

Pete & Pedro Mens Cologne Giveaway (Ends 2/14) @DeliciouslySavv @pandpbuenohair

EWin PRIME Fascia Massage Gun Giveaway (Ends 2/14) @goosegiveaways @ewinracing

Cirkul Happily Hydrated Giveaway (Ends 2/14) @SilvieArmas

Pet Food Bowl Giveaway (Ends 2/20) @DeliciouslySavv @SpunkyJunky1

Pamper Your Baby Giveaway (Ends 2/20) @DeliciouslySavv @Baby_Magic

Rock Dog 3: Battle the Beat DVD Giveaway (Ends 2/14) @DeliciouslySavv

Enter More Giveaways!

Free Download

“Every day is another chance to get stronger, to eat better, to live healthier, and to be the best version of you.”

Productivity-Planner-Preview
Download the FREE Colorable Productivity Planner to get your life more organized. Sign up as a newsletter insider today!
Be a Better You!

  • Blogger Opp: Coned Edible Treats Giveaway #BloggersWanted
  • How To Stop Your Partner From Feeling Unappreciated in Your Relationship
  • February $100 Cash Giveaway (Ends 2/28) #valentinesday2023 #BTEvents
  • Coned Edible Treats Giveaway (Ends 3/7) @BakedBags
  • How to Create the Perfect Organizational Systems for Your Home
  • About Home Jobs By Mom
  • Terms & Privacy
  • Contact
  • Pinterest
  • Twitter
  • Facebook
  • Instagram

Copyright © 2023 · Home Jobs by MOM · All Rights Reserved

This website uses affiliate links which means we receive compensation if you purchase a product through them. Visit our disclosure page for more information.