Cancel Car Insurance

cancel car insuranceMany people think once they buy a car insurance policy, usually for six months to 1 year, that they are locked in. That is entirely wrong. The agreement you sign with the insurer can be mutually terminated. This means the insurance company can cancel your coverage without notice, or you can. An automobile policy is not like a car lease for two years that comes with major penalties if you break it. At any point, you can cancel car insurance and get a refund for the amount of coverage that is unused. Even if your policy is about to expire in 4 or 5 days, you can end it and get a bit of money back. You should never feel guilty about cancelling your insurance. If you are not satisfied with your insurer for any reason, take your hard earned money elsewhere.

Why should you Cancel Car Insurance

There are several reasons why you might need to terminate your car insurance plan. Here are just a few examples:

1. You sold your vehicle
2. You are putting your car in storage and won’t be driving it
3. You are upset with an insurer’s service or dissatisfied with an accident claim and want to change companies
4. You feel like you are paying way too much for the coverage and want to save money by switching companies

Probably the most common reason people change carriers is for better rates. Getting insurance quotes is easier than ever thanks to the web. It only takes a few minutes to compare rates with multiple providers. The smart shopper is going to check rates at least every six months. With just a few clicks of the mouse, people can find deals that can save them lots of dough. The important thing is to check consistently rates online and do not be afraid to switch carriers. Just an hour a year of rate quoting can potentially save you hundreds.

Most online carriers make cancelling fast and hassle free. You can manage your policy online and with a couple clicks end your policy. You should get a confirmation email and refund notice within a couple of hours. Most people prefer this non-human approach because they do not have to deal with sales agents that lose commissions and push you to stay. See how much you can save today with a free, no obligation rate quote.

Be smart when Switching Car Insurers

Insurance companies are by all means not equal. Some of the smaller insurers try to gain market share by offering super low rates. This is great until you get into an accident, and the company delays paying you on a claim or even worse, goes bankrupt. Insurance is an important financial consideration you should take seriously. You are entrusting the firm you do business with will be able to make a claim payout when needed.

Take a few minutes and do some research into any prospective insurer you are thinking of switching to. Check their A.M. Best ratings or Standard and Poor credit status. If the company is stable financially, then that is key. If they are not, don’t do business with them, no matter how cheap their rates are. Also, look at the companies overall customer service rating and claim processing rating. If there are numerous complaints posted and bad reviews, you should probably go elsewhere.

Never Cancel an Auto Insurance Policy before you are fully insured elsewhere

Many people make the mistake of cancelling their auto insurance before they have new coverage in place. This might not seem like a big issue, but it is. Insurance carriers look at any lapse in coverage as a significant negative and will bump up your premiums quite a bit, even if you are not insured for just a couple days. Make sure your new policy is locked in and active before you cancel your old policy.

Find Cheaper Auto Insurance

Are you tired of paying too much for your current policy? Let us show you how easy it is to cancel car insurance and get cheaper premiums. At Good to Go, we only work with the largest insurers and will help you get all the discounts you qualify for. Most customers find savings of $500 a year or more. Get your free online quote and start comparing rates in just 10 minutes. Apply today and save.