Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
States require that we have insurance in order to register a car, but no one can require you to carry coverage from any specific insurance provider. Insurance coverage can begin and end when you decide (unless you fail to pay your premiums and then the decision is out of your hands, of course). Companies may or may not surcharge for mid term cancellations, so there is a possibility that you may not receive the refund you think you should, so there is that consideration of course.
Here is the thing though. Think about what you are doing regardless of the sompany. Never, ever, cancel a car insurance policy UNTIL you have arranged for replacement coverage. Driving without insurance is not only against the law in most States, the financial consequences you face whould you cause an accident wile there is a lapse in coverage can be pretty devistating.
You have significant power to walk away from any insurer. Most states operate with regulations regarding how a cancellation in mid term is treated. Before you leap to canceling your Progressive policy, check with the Insurance department in your state. They will know whether there is a requirement to pro rate the premium or not. Pro rated cancellations are the norm and this is how that works. If you cancel an annual policy for which you paid the whole premium and you cancel at exactly six months, then the company will return to you 50 % of the premium.
So, just make sure what the cancellation requirements are in your state.
.JPG){kind=avatar}
Here is the thing though. Think about what you are doing regardless of the sompany. Never, ever, cancel a car insurance policy UNTIL you have arranged for replacement coverage. Driving without insurance is not only against the law in most States, the financial consequences you face whould you cause an accident wile there is a lapse in coverage can be pretty devistating.
So, just make sure what the cancellation requirements are in your state.