Need to cancel your Auto Insurance?
How to cancel your Auto Insurance Policy?
First you
need to make sure you have a new option in line or already got a new Auto
insurance policy. Many companies will penalize you when you have a lapse of
insurance coverage and will not be able to get all the available discounts.
After having
everything set up with the new insurance company, the easiest way to cancel is
to call your current insurance agent. In many occasions this strategy does not
work because they may ask you to send them a written letter if you are not in
town.
It is understandable because they want to make sure it is you the person
that wants to make the change and not some other person that has the intention
of hurting you.
If a written
letter is required you could send an e-mail to your Agent specifying the following
information:
Your Name
and Address,
Policy Number,
Specific effective cancellation date and if available,
the Proof of the new insurance for the effect of returning unused moneys that
you could have had paid the insurance company.
Always make
sure to get a confirmation of the cancellation to prevent future charges to
your Bank account in case it was set up EFT.
Remember
that if you only cancelling because of the rate, take a second look at the
coverages and balance what is more valuable for you and your family. You can get a comparison of coverages and rates in Texas