Canceling renters insurance takes a phone call or online request and wraps up in 24 to 48 hours. Get replacement coverage first to avoid gaps in protection. With some providers, you'll get a prorated refund for any unused premium.
How To Cancel Your Renters Insurance Policy
Updated: February 6, 2026
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Key Takeaways
Canceling renters insurance exposes you to financial risks, so contact your provider first to understand if you really need to cancel or just make some adjustments.
You may receive a refund if you cancel early, but fees and timing may vary from provider to provider and depending on your policy specifics.
Always talk to your insurance provider and understand the process and consequences before making a decision to cancel your renters insurance.
How To Cancel Your Renters Insurance Policy
- 1Have Your Policy Details Ready
Ensure you have all your details ready, such as your policy number and coverage limits, so it’s easier to verify your policy when your provider asks for information.
- 2Contact Your Insurance Company
You can cancel by phone, through your insurer's online portal or with written notice based on what your company requires.
- Call your insurer directly: Call during business hours (usually 8 a.m. to 8 p.m. in your time zone). Ask for the cancellation department. Give them your policy number and cancellation date. Write down your confirmation number. You'll need this to prove you started the cancellation.
- Cancel online: Log into your account and find "Cancel Policy" or "Make Policy Changes" in the menu. Follow the prompts and screenshot your confirmation page. Not all insurers let you cancel online. You may need to call instead.
- Send written notice: Some companies want written requests. Email your agent or customer service with your policy number, cancellation date and digital signature. Ask for email confirmation for proof.
- 3Request Confirmation of Your Cancellation
A phone call alone isn't enough. Get written confirmation with your policy number, coverage end date and time, refund amount and coverage dates. Save these documents for future insurance applications and billing disputes. Most insurers send confirmation within 24 to 48 hours.
- 4Discuss Your Situation And Reasons for Cancellation
Be ready to discuss your current status and the reason why you want to cancel. Your insurer may offer other options instead of outright termination of your policy.
- 5Stop Automatic Payments
After you get cancellation confirmation, contact billing to turn off autopay. Remove your saved payment method from the website to prevent accidental charges. Check next month's statement to confirm no charges went through after your cancellation date. Keep autopay on until your refund arrives (this avoids confusion about final payments). Turn it off once the refund hits your account.
- 6Follow Up on Your Refund
Refunds arrive within seven to 21 business days based on your insurer and payment method. Timing varies because insurers use different processing systems. Call customer service with your confirmation number if your refund doesn't show up when expected.
Ask about refund status and timing. Request a supervisor if the refund's overdue past the date they promised.
What to Consider Before You Cancel Your Renters Insurance
Assess your circumstances first. End your policy if you no longer rent the property, moved somewhere else or found different insurance.
If you're canceling because of the premiums
If you're considering canceling due to expensive premiums, there are alternatives to explore. Rather than discontinuing your coverage altogether, take the opportunity to compare renters insurance quotes from different insurance providers. This allows you to find cheap renters insurance options that suit your needs. Alternatively, you can request to adjust your coverage limits from your existing insurance provider.
If you're canceling since you're moving
Moving doesn't mean you have to cancel your existing renters insurance policy. Many insurance companies offer the option to transfer your policy to your new address. This way, you can continue to enjoy the benefits of your existing coverage without any disruption.
If you're canceling because you got a roommate
Having a roommate doesn't mean you should cancel your renters insurance policy. You can explore the option of adding your roommate to your existing policy and sharing renters insurance. This can be advantageous since you both will have the protection you need.
If you're canceling as a result of getting home insurance
If you're in the process of purchasing a home and plan to cancel your renters insurance, time your new policy so that there are no gaps in coverage during the transition. Keep your renters insurance until your new home insurance policy is fully in effect.
If you're canceling after fulfilling a necessary coverage requirement
Terminating your policy because you only needed it as a requirement for a lease could lead to non-compliance with your agreement. This could potentially result in the termination of your lease. You'll expose yourself to financial risks by not having renters insurance coverage.
If you're canceling because of your insurer
In cases where you're dissatisfied with your insurer's service or have encountered issues, you can cancel your policy and switch to a different insurer. Make sure to find a suitable provider and purchase a policy before canceling to avoid gaps in coverage.
If you're canceling because you're moving states
When moving to a different state where your current insurance provider doesn't offer coverage, it's advisable to plan ahead. Purchase your new renters insurance policy for your new state before your old one expires. This ensures that you have continuous coverage during the transition.
What Happens If You Cancel Your Renters Insurance?
Canceling your renters insurance policy can have significant consequences that you should carefully consider before making a decision. Here are some key consequences of canceling your renters insurance:
Loss of Protection | The most immediate and significant consequence is the loss of protection for your personal belongings. Without renters insurance, you won't have financial support in case of theft or damage to your belongings. |
Liability Exposure | Canceling your renters insurance means you won't have liability coverage in case someone is injured in your rental unit. You could be held financially responsible for medical expenses and legal fees in such situations. |
Financial Risk | Without insurance, you'll be personally responsible for covering the cost of replacing or repairing your belongings in the event of covered perils. This can result in unexpected financial burdens. |
Lease Violation | If your lease agreement requires you to maintain renters insurance, canceling your policy may put you in violation of your lease terms. This could lead to lease termination or other penalties imposed by your landlord. |
Difficulty in Future Rentals | Some landlords may require renters insurance as a condition for renting their properties. Canceling your policy could make it challenging to secure rental housing in the future. |
Alternatives to Canceling Renters Insurance
Canceling your renters insurance policy isn't your only option. These alternatives keep you protected while lowering your costs.
- 1Reduce Coverage Limits
Lower your personal property coverage if you don't own expensive items. Dropping from $40,000 to $20,000 coverage can save 30% to 35% on your premium. This works best for renters with minimal belongings or older furniture that doesn't require high replacement cost protection. Avoid reducing liability limits, as this protects you from lawsuits and costs only $2 to $3 more monthly for substantially better protection.
- 2Increase Your Deductible
Higher deductibles mean lower premiums. Choose a deductible amount you can afford to pay out of pocket if you file a claim. This option works best if you have an emergency fund and file claims rarely.
- 3Transfer Your Policy When Moving
Most insurers let you transfer coverage to your new address without restarting your policy or losing discounts. You'll keep your claims-free discount worth 10% to 20% savings, avoid new policy fees ranging from $25 to $50 and maintain continuous coverage without waiting periods. Contact your insurer two to three weeks before moving to process the transfer and get updated rates for your new location.
Canceling Renters Insurance: Bottom Line
Terminating your renters insurance is quick when you handle it right. Call your insurer, get written confirmation and double-check your refund amount before you finalize anything. Don't cancel without new coverage lined up unless you're truly done renting.
Before you pull the plug, look at other ways to save, such as reducing your coverage limits or raising your deductibles.
How To Cancel Renters Insurance Policy: FAQ
MoneyGeek answered some of the most common questions people ask about the cancellation process to help address your concerns.
What happens if you forget to cancel renters insurance?
If you forget to end renters insurance and continue paying premiums, you will maintain coverage until you officially ask for coverage to stop.
Do I get a refund if I cancel renters insurance?
Most insurers refund unused premium. Check with your provider about cancellation fees.
What happens if I cancel and my landlord requires insurance?
You're violating your lease. Check your lease terms and keep coverage if it's required.
Can you cancel renters insurance at any time?
Yes, just contact your insurer. Most need one to 30 days notice (depends on state law). Check your lease first since canceling required coverage violates your lease and could trigger eviction.
Will I get money back if I cancel early?
Yes, you'll receive a prorated refund for unused coverage time, minus any cancellation fees. Refunds typically arrive within 7 to 21 business days via your original payment method.
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About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.