Canceling Your Car Insurance Policy

Considering canceling your car insurance policy? We get it. Whether you’re moving out of state, switching to another provider or getting rid of your car, you’ll find absolutely no judgments from us. We pride ourselves on making all parts of the auto insurance process quick and painless, including cancellations. If you’re wondering if you can cancel car insurance at any time, here’s what you need to know and what you should consider.

Important Things to Consider Before Canceling

You are always allowed to change your insurance coverages and limits at any time, as long as you continue to carry the legally required coverages and limits and any additional coverage required by your lender or leasing company.

If you cancel before your current term’s expiration, you’re entitled to a refund of the unused portion of your premium. Your refund may be subject to a small “short rate” penalty, depending on the rules of the insurance company.

Whatever you do, make sure that you stay continuously insured because an accident can happen at any time. If you’re canceling to move to another provider, DO NOT cancel until your new coverage is in effect. Gaps in coverage could cause problems when you look for a new policy in the future, like higher premiums.

Driving without insurance is illegal in almost every state. Even in the states with no car insurance requirement, foregoing coverage is never a good idea. If you are found at fault for causing an accident, you will be held liable for the costs.

Did Your Car Insurance Rates Go Up Without Warning?

Many people don’t realize that life changes, even small ones, can affect the cost of their car insurance. If you just bought a new car, it may be more expensive to insure than your old one. Switching to another company isn’t likely to change that.

That new car may have safety features that your old car did not have that we don’t know about. Give us a call and let us know, so you can take advantage of any new savings opportunities. This may allow us to adjust your premium closer to the level you’re used to.

Likewise, if you financed the purchase of your new car or you are leasing your car, you will probably be required by your lender or leasing company to carry coverages that aren’t state-mandated, like comprehensive and collision. If you did not have those coverages, adding them can raise your premium, regardless of the company you insure with.

Your driving history is one of the most critical factors that determine the price you pay for insurance. If you recently got a speeding ticket or you caused an accident, your price will probably increase next renewal. You may be able to offset that increase to some extent by taking a state-approved defensive driving course. At Plymouth Rock, we are proud to offer discounts to drivers who successfully complete one of these classes.

Recently married? New driver in your house? Did you move to a different city or town? All of these changes can affect your rates. If you’re wondering why your premium has gone up, think about recent life changes or other events. There could be something there that explains your situation. Your local agent or Plymouth Rock insurance professional will be more than happy to help you re-evaluate your coverage to help you save money.

Comparing Car Insurance Companies

If you’re shopping around, you’ll want to make sure you’re getting exactly the same coverage. Look closer when you’re quoting – many companies will set default coverage levels that may not be the same (or even lower) than what you have now.

It’s entirely possible the new insurance you just quoted is for much less coverage. So, are you really saving if you have to pay more later?

You’ll also want to consider all of the benefits you have right now, which are included with your coverage at no extra cost and can make your life significantly easier. These include:

• Get Home Safe^® taxi ride reimbursement
• Door to Door Valet Claims Service^®
• Guaranteed repairs
• Crashbusters^® mobile claims service

Call Us to Cancel Your Insurance

If you’d like to chat about why you’re unhappy with your current policy or rates, or if you’d like to see if there are any additional ways to save money, we encourage you to contact us today. You’ll find no “hard sell” from us. We just want to make sure you have all the information you need to make the best possible decision.