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Unhappy? Learn How to Cancel Your Car Insurance

Unhappy? Learn How to Cancel Your Car Insurance

Are you unhappy with your current car insurance coverage? Maybe you feel like the price is too high for the coverage you receive. Or perhaps you’ve had a poor experience with your provider’s customer service or claims process. Or maybe you’re even giving up driving and trading in your car keys for a bike these days.  

Whatever the reason, learn how to cancel car insurance with your current provider in five simple steps. 

How to cancel car insurance in 5 easy steps

Canceling your auto insurance doesn’t have to be complicated or confusing. You can follow these five simple steps for how to cancel car insurance, and be well on your way to obtaining a new policy you’re happy with. 

1. Review your insurance company’s cancellation policy

While most insurance companies give you the right to cancel your car insurance at any time, each company will have its own cancellation policy. For example, some companies require you to pay a cancellation fee if you end your insurance mid-policy. Other companies may refund you any unused premium.  

Since all insurance companies are different, it’s best to research or ask about your insurance company’s cancellation policy before you cancel. It may make more sense to wait until your current term is up to avoid fees.

2. Call your insurance company or speak to your agent

Next, you’ll want to let your insurance agent know you want to cancel your policy. They will likely ask you for a reason, but you don’t have to give one if you don’t want to.  

If you’re canceling because you feel the rate is too high, it might be worth mentioning. Your current provider may offer discounts in an attempt to keep your business.

3. Take the necessary steps to cancel your auto insurance

Your agent will let you know what the next step is to cancel your car insurance, which is likely to fill out a policy cancellation form. Once you have the form, complete it and return it to the insurance company. Make sure to include any relevant information, such as your policy number and the date of cancellation. 

4. Maintain proof of cancellation

Once you’ve filled out and submitted the necessary forms to your insurance company, they will send you a confirmation of cancellation. Be sure to keep this letter in a safe place, as it will serve as proof that you are no longer insured through your former company.  

5. Shop for new car insurance coverage

You may think you’ve learned all you need to know about how to cancel car insurance, but there’s one more essential step – you still need to shop for a new auto insurance policy before your current one expires! 

Car insurance is required in most states, and a lapse in coverage even for a day could result in fines. To ensure you are not left without coverage, select and sign a new policy with a different insurer before you make your cancellation final. 

How to Find the Best Policy for Your Needs and Budget

When it comes to auto insurance, there is no one-size-fits-all policy. The best car insurance for you will depend on various factors, including your driving history, car type, budget and preferences. However, there are some basic steps you can follow to help you find the best insurance for your needs. 

First, make sure you know what type of coverage you need.  Once you know what coverage you need, you can start comparison shopping. Get quotes from a variety of insurers and compare not only the prices but also the coverage levels and customer satisfaction ratings.  

It is also important to read the fine print carefully before signing up for any policy. Make sure you understand the terms and conditions of the policy and that you are comfortable with the deductible. 

Do you need help finding new auto insurance that you’re happy with? We can help! At Rate Retriever, we help you find the best providers for your driver profile and preferences. Simply complete our short, five-question form to tell us a little about yourself, and we’ll match you with competitive insurance providers that meet your needs, preferences, and budget.  

About Rate Retriever

At Rate Retriever, our mission is to make the way you shop for insurance transparent and fair through user-friendly tools that respect your privacy and deliver reliable, comprehensive results 

So we took everything we hated about comparing insurance quotes online – the spam, the long questionnaires, the limited choices, the inaccuracy of quote prices – and threw it out the window, favoring a short form that more accurately estimates what you’ll pay at each of the top insurance providers near you. 

Rate Retriever is an independent company that is not owned by an insurance provider, nor do we provide insurance ourselves. This independence allows us to be your free and impartial insurance research tool, helping you make the best decisions for your insurance needs.  

We may earn a commission when you click one of the links or call one of the providers listed on our site; however, we do not allow our partnerships to influence which information we provide. 

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