1. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    The short answer is yes.  It is important to keep in mind, however, that most States, like Connecticut where we are, require liability insurance as a condition of maintaining registration.  Thus, cancelling insurance on a car without cancelling the registration could result in a fine, a suspension of the registration or both.  If you are financing a car, the finance company requires both Comprehensive and Collision coverage on that car, and if leasing, not only those but also liability protection and usually at a secific level of coverage.  Cancelling insurance in a case such as those could result in your car being reposessed. An insurance company may also cancel a policy.  These are usually "non renewals' of coverage as a result of the insured no longer meeting underwriting standards. Before you do anything, it is best to check with your Insurance Professional.
    Answered on May 10, 2013
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