An insured person who loses their driving license has 15 days to report it to their insurer. insurers have the right to cancel or terminate your car contract, increase your bonus-malus coefficient and refuse compensation in the event of a claim.
When you have your license revoked, you become a risk profile in the eyes of insurers, leading to an increase in risk. After a license withdrawal, your insurance company may decide to cancel your car insurance or significantly increase your insurance premium. In this situation, it is sometimes difficult to find a company that agrees to cover you without paying a high price.