conversation: User (yesbuthereswhy): "We are getting ready to buy our first home so to ensure that we have plenty enough to cover any new furniture, repairs, closing costs or other expenses we decided to review our budget to cut back on anything extra. We took the time to centralize our contact information for paying bills and accounts for logins. While going over our insurance policy we realized our auto policy expired 3 months ago! Without having reviewed our important documents and budget we could have missed this for who knows how long. Reviewing our budget might just have saved us from a financial disaster. \n\nIf you don’t have a budget start today!!!"
  Self: "Don't know where you live, but a lot of places will flag your license and charge a fee if your car insurance is dropped.  \nMake sure you don't get bitten!"
  EasternDelight (EasternDelight): "Yes, my son wrecked a car, and it was towed back to our house.  Undriveable, so I called the insurance company to drop coverage.  They warned me "We will have to notify the state."  Stupid me, I said "Okay, who cares?  Drop it!"  Two months later a $200 fine for canceling insurance without previously cancelling registration.  I won't make that mistake again.\n\nBut even if you're assessed a couple-hundred-dollar fee, you still probably made out on the deal, since you didn't pay car insurance for three months.  Get signed up again quick, and don't make that mistake again.  And consider yourself lucky that there was no accident during your coverage lapse."
  