To change your car insurance company, buy a new policy from another insurance company and then cancel your current coverage. You can cancel your current coverage at any time, but you should always wait until you have purchased a new policy to avoid an interruption in coverage. Switching providers is just a matter of finding a new insurance company, buying a new policy, and contacting your current company to cancel your current policy. Your current insurer will allow you to change your car insurance anytime before the renewal date.
But before you change, you should follow five important steps. When your car insurance needs change, you may need to change your car insurance provider, which can happen at any time. There is no penalty for changing car insurance companies after a particular accident, but your current insurance company may charge you cancellation fees for canceling your policy early. When you take out a new policy, your insurer will normally send you an auto insurance card by mail or email, which you can use as proof of coverage.
Canceling your car insurance shouldn't be expensive, as most companies don't charge cancellation fees. Each auto insurance company calculates premiums slightly differently, so the quote you receive from one company can easily be hundreds of dollars more expensive than the quote from another company. Your insurance company may require a bill of sale before allowing you to cancel to show that you won't drive without insurance. Beyond the price, you might want to consider switching car insurance if you've had an unpleasant experience filing an insurance claim with your current provider.
Auto insurance grace periods can be up to 30 days, but the exact time you have to make a payment before your coverage is canceled depends on your insurance company and the state. State Farm can be a great car insurance option if you're a student or have an accident on your driving record. Usage-based insurance is a type of car insurance that calculates your premium based on your driving habits. To cancel a Geico insurance policy, the policyholder must call Geico to speak directly with a customer service agent.
To change car insurance providers, compare auto insurance quotes and choose the best option for your current situation. All major auto insurance companies offer a variety of discounts, which can save drivers up to 35% in some cases. The cheapest insurer for an old car may not be the cheapest for a new car or special vehicle, since each insurer calculates rates differently.