Short answer: In all likelihood, yes!
The longer answer is that you probably can, but it’ll depend on your insurer’s rules for cancellation and how much you have left on your policy. While most insurance companies do not have a cancellation fee, some do. The fee can be a flat rate of around $25-$50, or a short rate cancellation fee.
Short rate fees are a calculation of 10% of the unearned premium. For example, if you have a balance of $866 left on your policy, the cancelation fee would be $86.60. If your policy is paid in full, you will get a refund of $779.40.
It would be a good idea to ask your current agent what the cancelation procedures are.
While you’re still looking for other providers to switch
to, you might want to try using Jerry
to save yourself some time and effort! We’ll get you free quotes from different providers so that you can see all the options out there and choose which plan is best for you. Good luck with the hunt for a provider, and enjoy your refund!