What Happens If a Car Insurance Policy Holder Dies
Reader’s Question:
If the auto insurance policy is written under two names and one of them dies, will the insurance rate will be cheaper? This is in Las Vegas, Nevada.
Romeo
Las Vegas, NV
If there are individuals on an insurance policy and one of them is taken off of the policy (for some reasons) in Las Vegas, then the insurance rate can be affected.
It is possible that it will be cheaper and it depends upon the rating system and if the insurance policy rates were higher at all because of the second adult motorist being on the policy.
To know how your specific insurance carriers rating system works and how your insurance rates would be affected in this type of situation you may contact your insurance broker since insurance rating system and guidelines vary.
The only rating factor difference that some insurance companies may see for is a widow versus single, typically though a widow rating variable would cost less than a single rating variable.
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