Switching car insurance is easy, but make sure that the coverages, limits, and deductibles in your new policy reflect what you have with your current insurer. While your rate might be lower when a new car insurance company quotes, its protection and claim compliance may not match the standards of your current insurer. If you decide to change your car insurance company, make sure there is no interruption in your coverage and remember to cancel your old policy. Depending on your insurance company, you may be able to cancel your policy by calling your insurer or agent.
Some insurers may require you to sign a cancellation form. Since drivers must have a minimum amount of liability coverage for cars in almost every state, make sure you have another company before canceling your current policy. For example, Progressive allows 30 days, which means that if you file a claim within that period, your new car will continue to be covered in the same way as your old vehicle. For example, married couples who live together and share car insurance can add both of their cars to their policy, even if the vehicles aren't jointly owned by the couple.
If you plan to cancel your current car insurance policy, make sure that your new insurance policy is already in effect. If you don't have physical damage coverage and your new car is stolen, wrecked, or damaged in an accident because of you, you won't receive money from your insurance company. Since most insurers offer a grace period to update your policy with your new vehicle, your dealer will usually only need proof of insurance before giving you the keys. There's no need to cancel your car insurance after selling a car if you're driving a different vehicle.
This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation, or exclusion that is expressly stated in any insurance policy. When changing car insurance companies, it's usually your responsibility to cancel coverage with your old insurer. Affordability is important to everyone when it comes to car insurance coverage, but your car insurance company should be judged by how it handles claims. In the insurance world, claims are commonly referred to as losses, and the amount of losses a particular brand and model has can affect the cost of insuring.
If you're interested in changing your car insurance company, you won't have to wait for your current policy to expire. You can generally add someone else's car to your policy if you also share the same car insurance policy, which normally also requires living together.