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Can I cancel a newly purchased car insurance policy and get a refund?
I just got car insurance, but after talking to my parents, I realized it's probably not the policy I want. But I already paid for six months. Would I get a refund if I canceled it? I only bought it nine days ago!
Savannah Grabek · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, typically when you cancel your current
car insurance
, you will get a prorated refund, which means that any unused money will be returned to you. For example, if you paid $600 for six months but you only stayed with the insurer for one month, your refund would be $500.
Make sure you do overlap the coverage you do want with the cancelation of your old policy. You can’t drive without insurance, it’s illegal in almost every state.
You can ensure you’re getting the coverage you want for the best price by shopping around. The best and easiest option for shopping around is the
Jerry
app. With Jerry, you can compare 50+ top insurers and if you ever have any questions on your coverage you can contact our friendly team of agents via the app, no calls necessary, unless you want.View full answer
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