Switching car insurance is simple and could save you hundreds or even $1,000 annually. You can cancel your current policy at any time, and most insurers provide a pro-rated refund for unused premium, though some require 30 days notice.
Follow these five easy steps to switch while avoiding coverage gaps:
- Step 1: Determine how much coverage you need
- Step 2: Evaluate your cancellation fees if any
- Step 3: Research and compare quotes
- Step 4: Buy your new policy
- Step 5: Cancel your old policy and notify lender