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insurance before it renews, but these fees usually don’t apply if your vehicle is sold. However, when you contact your insurance company to cancel your policy, ask about a cancel fee, and ask if it is waived if the the vehicle is sold.
Caution: If you pay your auto insurance with an automatic payment plan, such as automatic deductions from a bank account, or recurring charges to a credit card, your automatic payment plan will sometimes need to be changed to direct bill before your auto insurance can be canceled. Don’t confuse any notice mailed to you regarding the change in your billing method, as cancellation of your policy. Deductions from your account may continue for a brief time after your policy is canceled. I will devote a separate blog post to avoid getting ripped off when canceling an insurance policy on an automatic payment plan.
Most people make the mistake of never shopping with other auto & home insurance companies. If you shop with enough companies, you’ll find many insurance companies charge a lot more than other companies for the same coverage. But no company has low rates for everyone. You have to shop with all the leading companies, to find the company with the best coverage and best price for you. The ad below will take you to links to get online quotes from leading Home, Auto, Health, & Life insurance companies in your area. Choose the type of insurance, put in your zip, and start shopping now!
Have you had a problem canceling an auto insurance policy? Tell me what happened. Comment on my . Follow me on Twitter for important insurance consumer news and new blog entries at . Read auto & home insurance company reviews for over 40 different companies, rating each company’s pricing, claims handling and customer service, at .
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