Can I switch car insurance companies at any time during my auto insurance policy term?

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Sure. Most car insurance companies allow you to cancel your insurance policy at any point during your term.

Be aware, though, that some auto insurance providers will charge you a minor fee for doing so. (They'll usually attribute to it administrative costs.) But, even with that fee included, it may still be cheaper for you to flee to another insurer.

The Ideal Time to Switch Car Insurance

It's often wiser to wait until just before the end of your insurance policy term to make the change to another carrier. Why? Because you won't have to deal with the potential headache of trying to collect your unused premiums. Your new car insurance provider can time your policy date to make sure you're not without insurance for a moment.

And, yes, your current carrier will refund your money if you stop your coverage before it's scheduled to expire. But, again, doing so can be a hassle. After all, you are dealing with an insurance company.

Cancel Your Auto Insurance Properly

Your current carrier may ask you to sign a form or send a letter indicating your desire to stop coverage. If it does, just play along and do as requested.

No matter what, you should ask for an official insurance cancellation notice from your current provider. Doing so can reduce the chances of getting unwanted bills and phone calls from them after your insurance policy term ends.

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