| You may be moving to a different state, | | | | Those are the repercussions that you face if |
| switching vehicles or simply dissatisfied with your | | | | there is no formal written notice from you, |
| existing company. The reason is yours but as a | | | | whether or not your coverage terminates at the |
| customer, you certainly have the right to switch | | | | end of the period of the insurance policy. |
| carriers. | | | | Any other repercussion? |
| Do provide sufficient notice to your existing | | | | That is not all. You may be quoted higher the |
| carrier. | | | | next time you obtain your car insurance in |
| And this is not for mere courtesy. Doing | | | | consequence of the past default in payments. |
| otherwise may cost you financially as well as | | | | This is because you are then considered as a |
| impacting your credit history negatively, whether | | | | high-risk applicant. |
| you think you deserve it or not. | | | | Is there another way to cancel my insurance |
| How do I cancel my insurance policy? | | | | policy? |
| Cancel your existing policy with a written letter of | | | | Alternatively, make a telephone call to your |
| termination with a date for which this becomes | | | | insurer and inform them of the effective date of |
| effective. | | | | termination. They will then follow this up with a |
| What happens if I fail to inform my insurance | | | | form for you to sign. This is known as a |
| carrier properly? | | | | cancellation request form. Do read it carefully prior |
| Failing to do so will not cancel the recurring | | | | to signing and returning it to your insurer. |
| monthly bill. You will even be billed the next term | | | | After doing a 'car insurance compare' research, |
| in advance. As the carrier receive no payment | | | | you may feel dissatisfied with your existing |
| from you, the policy is then cancelled and this is | | | | insurance carrier. This may be due to anyone or |
| recorded in your credit history. | | | | all of the following; price, service, extent of |
| Is there anything else I should be aware of during | | | | coverage, etc. If so, feel free to switch because |
| this time of switching? | | | | you are the one who makes the monthly |
| You should ensure that you are covered at any | | | | payments and you ought to be satisfied. You |
| point in time within the process of switching | | | | may surprised how a little research can go a long |
| carriers. A lapse of insurance coverage during this | | | | way in saving you cost and affording you more |
| switch may be costly and uncalled for should any | | | | satisfaction as a customer. |
| untoward occurrence happen at this time. | | | | |