What happens if I do not pay my car insurance premiums?

Here you will find the right answers

About Moneyland Forum

The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.

Show categories

Please login in or sign up to participate in the forum.
  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

What are the consequences of not paying the premiums on my car insurance? Am I uninsured until I pay, or am I still covered but simply have to deal with debt collection, etc?

  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4017

Hi there,

Failure to pay premiums for compulsory liability car insurance can lead to your license plates being confiscated by traffic authorities.

Failure to pay your collision insurance or comprehensive insurance premiums after receiving a payment reminder results in a penalty fee being added to insurance premiums. You insurance is placed on hold until premiums are paid.

Best regards from Moneyguru

More on this topic:
Swiss car insurance comparison
9 ways to save on car insurance
Liability car insurance explained