How To Switch Auto Insurance Companies

Switching insurance companies is something that we all have to do at some point in our lives. Whenever your insurance policy is up for renewal, or whenever you feel like you might be paying too much for car insurance, it’s always a good idea to shop around and see what else is out there.  You can do this the old fashioned way – by calling up all the different insurance companies, visiting their offices, and seeing their rates in person.

We, however, don’t recommend this method. You could easily spend a whole day just to get a few quotes… and changing car insurance companies does not really have to be THAT difficult. With the help of the internet you can now literally get hundreds of quotes with just a few minutes. Time is money, and you should try not to waste either.

switching car insurance provdiers

When To Switch Insurance Companies

You can switch insurance providers whenever you want. The most hassle free time to switch is just before your current policy expires. However, you can cancel with your auto insurance company whenever you would like. Just make sure you have something else lined up beforehand.

To be safe, you should try and get a new insurance policy about a month before your old policy is about to expire.  The reason for this is because insurance companies typically send out renewal/expiration notices around 4 weeks before your insurance policy will end.  This notice will outline your rates and policy details.  You can use this information to shop around for a new policy and compare it to your old one.

Chances are you will be able to find the same coverage or a more complete, full coverage package for a better price… or you can repackage your coverage all together. If not, congratulations, you are already getting a great deal on your auto insurance!

How Do You Change Insurance Providers?

switching car insurance companies

How to change car insurance companies... it's not that hard!

If you eventually decide to take the plunge and switch your auto insurance company, doing so is very easy. It just requires some common sense.  The following five steps will set you up with a new insurance policy from a new provider with as little hassle as possible:

  1. Get A New Policy
  2. Set A Start Date For Your New Policy
  3. Notify Your Old Insurance Company About The Switch
  4. Follow Their Instructions For Cancellation
  5. Start Your New Policy

The first step is to get a company and policy in order so you are covered after the switch. You should have received multiple quotes by now. If not, just enter your zip code above to begin.  After finding one you like, go ahead and sign a policy with them. Make sure you pay your initial month and whatever start up fees with your new provider before you think about canceling with your previous provider.

Once you have something else in place, you can safely cancel your current auto insurance policy. All it takes is a phone call or letter requesting termination of your policy on a particular date. If you’ve paid for coverage in advance, you can request that they prorate your last payment up to cancellation time, and you can get a partial refund.

Don’t forget to actually activate your new auto insurance policy. A quote is far from a binding agreement, and you’ll have to actually make a payment to start coverage. When switching insurance providers you will need to provide your old agent’s name, the company name, and a cancellation date to your new agent. Do this before your cancellation date to ensure a smooth transition.

That’s all their is to it!  You can now enjoy your new coverage with your new provider.  Don’t forget to always be on the lookout for new deals though.  There are always savings to be had.

Finding A New Car Insurance Company

Switching auto insurance companies is easy, it just requires a little leg work, and the desire to save money. Don’t forget to start your search with us by entering your zip code above to compare quotes from the top providers.

Additional Resources Regarding Switching Providers

  • Insurance.com – How to switch car insurance companies
  • DMV.com – How to change auto insurance providers
  • Allstate – Switching auto insurance policies and companies

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