After an auto accident where my car was totaled, can I change my coverage from full to liability only to keep my rates down?.
I'm a 55-year-old female with a perfect driving record (no accidents and no tickets) with a CDL driver's license. I loaned my car out to an individual to make an emergency run to a hospital. I was not in the car when an accident totaled it. I have full coverage insurance, but I no longer have the car. I read that it was not beneficial to cancel the policy because the next vehicle that I purchased would need insurance and it would be a lot higher to insure it. Should I change it to liability only just to keep the coverage going?