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Can you switch auto insurance companies before you pay the total premium due?
Wiki User
∙ 17y ago
Definately! Remember, premiums are NOT a loan. If you don't pay the insurance company will in most cases not sue you, send your unpaid balance to collections or anything of the sort. Total premium due is the total amount you have to pay during your term, typically 6 to 12 months. However you pay, is up to you. If you pay all at once, most of the time the insurance company will send you a refund check of your unused premium, but CHECK your policy and the company's terms before confirming that. If you pay by the month, then simply call your insurance company with a request to cancel or don't pay the bill when you get it and usually they will cancel within a few days of nonpayment of premium. If you have a lienholder (you have one if you have a car payment) make absolutely sure you don't incur a lapse in coverage because say you canceled your policy on a Monday and can't get a new one until Wednesday and you had a wreck on Tuesday, YOU will have to cover any and all damages to your car if you have an At Fault crash or an uninsured driver hits you. This is why most insurance companies and brokers take pictures of your car in the parking lot so any damage you attempt to claim after the start of the policy will be denied as the photos will serve as evidence and you could be convicted of insurance fraud, so be careful.
Wiki User
∙ 17y ago
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How long should you be with your auto insurance before you can switch to another?
you can switch at any time. You will have to pay anything that you owe your old company or they should refund any premium to you that was "unused"
Is it okay to switch insurance companies?
It is certainly okay to switch insurance companies if it is in your best financial interest. We are a capitalist culture, after all. Everyone should shop around for what's best for them. But be careful about not paying your premium because you believe you've got a new carrier. For instance, you go into a State Farm office, fill out an application, throw away your premium notice for Farmer's - only to find out that State Farm turned down your application. Farmer's could technically drop you for non-payment of premium. Usually, it's best to pay up on your premium, obtain your new insurance, and then contact your old carrier for any reimbursement.
Is it ok to switch from regular to premium gas?
It is always okay to switch between regular and premium gasoline. With that said, it depends highly on the make of your engine whether or not your car will actually benefit at all from the use of premium gasoline. Make sure to look in your car's manual before you switch to see if your car can benefit for from the switch.
If you told an insurance company about an out-of-state ticket they may not have found out about could you switch companies and get a lower rate?
== == NO. The ticket is now on your insurance record, which is open to all insurance companies to look at. No advantage in changing now.
When you switch Home Insurance companies is the previous company still on the hook for a previous claim?
Yes.
Can I switch car insurance companies if my policy isn't up yet?
Yes. If you prepaid for your policy, your insurance company will refund any unused portion.
What is the populoation of a leopard gecko?
The only thing I know about Gecko is the fact you should switch your car insurance now to Geico. The insurance company you can trust. You are not going to be chasing lizards with our premium insurance plans. Call one of our reps now !
What are the advantages in getting short term insurance?
The advantage of short term insurance is that it is, like the name states, short term. You are free to switch insurance companies frequently instead. Short term insurance can also be cheaper.one
Where could one go to find information how how to switch car insurance companies?
The best way to find information on switching car insurance companies would be to speak with an agent or broker. The broker could run quotes and determine if switching companies would save money.
How do you get out of an auto insurance policy early?
If you have an auto insurance policy, and you want to either switch companies or cancel your coverage because your vehicle is no longer in commission, you have the right to do so. While the process of cancelling a policy will vary amongst insurers, most insurers will request a letter of cancellation in writing with your policy number, requested date of cancellation, and your signature to cancel your policy. If your vehicle is non-operable, some states will require proof of the date you reported the vehicle as a non-op to the DMV. If you are switching companies, you may be requested to provide a copy of the declarations page from the new insurer showing the effective date of the policy to backdate the cancellation. While some companies do not charge a fee for cancellation, others will short rate your premium and charge a percentage of the unearned premium if you cancel your contract before renewal.
What happens when you switch insurance companies after a policy expires?
Nothing of any consequece happens at all except that you now insured by a different company.
Can you switch car insurance companies because of an accident?
Even if you get to do it any insurance company will find about your driving records so you will still get high rates because you are considered a high risk driver.
