What to Know About Canceling Your Auto Insurance

Am I able to cancel my auto insurance whenever I please?

Whether you are moving out of state or have sold your car, there many reasons why you might want to cancel your auto insurance. However, many car owners are not sure if they are able to cancel their coverage. Here’s what you can expect when you go to cancel your auto policy.

Can I Cancel My Auto Policy?

Technically, you can cancel your auto insurance at any time. All you need to do is call your insurance provider and ask. Sometimes your car insurance will be canceled immediately after you call and you will receive a refund for all your prepaid premiums. In other cases, your coverage will remain valid for 15-30 days, or until your next payment is due.

What to Know About Your Cancelation

  • Policies: Every insurer will have different cancelation rules. For instance, some may require you to pay a cancelation penalty. Others may impose a 30-day waiting period before they will cancel, with payment due up until that date. Finally, some insurers will prevent you from canceling altogether if you have only secured the policy in the last 30-60 days.
  • Fees: Typically, cancelation fees are only charged when you attempt to cancel a policy right after securing it. However, some insurance providers issue fees regardless of how long you have held the policy for. Some insurers will set a flat-rate cancelation fee while others will charge you a percentage of your remaining premium. Because every insurance company has their own guidelines, it’s important to speak to your insurance provider so you know what to expect.

This is what you need to know about canceling your auto insurance. Do you have additional questions about your car coverage? If so, then contact the experts at Robert J. Los Insurance Agency in Hamburg, New York. Our dedicated team is eager to assist you with all your insurance needs today.

Robert J. Los Insurance Agency

Robert J. Los Insurance Agency

Address: 4167 Legion Drive,
Hamburg, NY 14075

Phone: (716) 648-6100
Toll Free: (800) 747-0780
Fax: (716) 648-6104

Office Hours:
Monday-Thursday, 8:30 AM - 5:00 PM
Friday, 8:30 AM - 4:00 PM

We Look Forward to Serving You!

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