When changing car insurance companies, it's usually your responsibility to cancel coverage with your old insurer. Your new insurance company can provide proof of insurance to your old company if needed, but it's generally not authorized to cancel a policy with another insurer on your behalf. After purchasing a new policy, you should immediately contact your old insurer and cancel your old policy. You'll receive a car insurance refund for any unused portion of your policy, subject to any cancellation fees that your insurer may charge.
Renewing your car insurance is often a simple process. Your insurer will contact you by mail or email with the updated rate. If you accept the updated rate, simply make a down payment or pay your renewal quote in full. 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. Independent agents don't work for one insurance company; instead, they sell insurance from multiple companies. That means you'll always have an expert on your side who can find the best policy and the best savings for you.
And as your needs change, your agent will be there to ensure that you have the right protection. NEW YORK, March 2 (Reuters) - Auto insurer Progressive Corp. PGR, N awards rival Geico Inc. If you decide to change your car insurance company, make sure that there is no interruption in your coverage and remember to cancel your old policy.
In addition, if your policy includes car rental reimbursement and your car is damaged in a covered accident, Progressive will pay the rent (up to a specified limit and term) while your own car is repaired. Keep in mind that if you're moving to another state, you won't have to change insurers unless your insurance company doesn't offer coverage in that state. 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. 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.
If you lend your car to someone and that person causes an accident, Progressive may cover some of the damages they are responsible for. During your progressive quote, you won't be able to select car insurance coverages that don't apply to you. If you plan to cancel your current car insurance policy, make sure that your new insurance policy is already in effect. You can change your car insurance policies at any time, whether you bought your policy two days or two months ago.
However, the vehicle must be regularly parked at your residence overnight for Progressive to insure it in your policy.