If you have been thinking about changing car insurance companies, the good news is that you can do so whenever you wish. The only drawback is that you have to follow the procedures of your policy, but the entire process of canceling and getting a new policy can be nearly completed in a few minutes even though it may take a couple of days to finalize.
Write your current insurance company and notify them of your intent to cancel the policy. The notice should be provided in writing, but some companies will allow you to cancel through email or a direct connection to the website. Most insurance companies require a minimum of one billing cycle as notice of your intent. This can be anywhere from 15 to 30 days. You can cancel the policy sooner, but you may receive an erroneous bill. If your policy is prepaid, you will receive the unused portion of your premiums after the cancellation is complete.
Shop for a replacement car insurance policy. Shopping online allows you to look for new coverage at your convenience, 365 days a year. Some websites, including this one, provide free online car insurance quotes from more than one insurance provider. As an independent broker, this site does most of the shopping for you, searching through policies from several different insurers to help you get the best coverage for the lowest price.
Research your favorite choices. Even though this site tries to offer policies from insurance companies which have a high financial rating, you should always check with a company such as the A.M. Best Company before you make an insurance choice. The financial rating of insurance companies can change suddenly, and A.M. Best offers an easy to understand rating, with A++ being the best companies, from a financial viewpoint.
Buy the policy and print your new insurance cards. Buying insurance online means you can buy the policy you want when you find it. The application process only takes a few minutes, and you print out your new insurance cards as soon as the application is accepted, sometimes in only a few minutes. That means you could theoretically cancel your old policy tonight and be driving with the new one in the morning, but it is best to provide an overlap of at least one day to allow for unexpected problems.