What happens to car insurance when the policyholder dies?
What happens with car insurance if the policyholder dies? Bankrate explains.
Elizabeth Rivelli is a contributor with more than three years of experience covering insurance and personal finance. Her expertise spans a wide range of insurance lines, including auto, home, renters and life insurance. She has also published content for several insurance providers, including Ethos Life.
In her career as a freelance writer, Elizabeth has written hundreds of insurance-focused articles with bylines in dozens of finance publications, such as Investopedia, The Balance, Money Under 30, Insurance.com and NextAdvisor.
What happens with car insurance if the policyholder dies? Bankrate explains.
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If you own a registered vehicle, you are required to carry car insurance in most states. Car insurance protects your legal and financial responsibility in the event of an at-fault accident. In the United States, the average cost of car insurance is $565 per year for minimum coverage and $1,674 per year for full coverage.
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