How To Switch To a New Car Insurance Policy
Reader’s Question:
I am currently insured here in Cambridge, Massachusetts and I plan to switch insurance companies. How do I go about switching my car insurance company and do I have to have a new provider first before cancelling my old policy?
Ellen
Cambridge, MA
I bet that you regularly review your car insurance coverage to make sure that you’re receiving the best insurance value for your money that’s why you decided to switch car insurance companies. Shopping around is a very good practice because sometimes, the premium rates for identical policies could vary among different companies. The reason for the variation of premiums could be very complicated but it would boil down to the insurance company‘s claims experience with policyholders in your coverage group.
In general, all you have to do to cancel your policy is to inform your car insurance company in writing and specify the date you want the policy cancelled. You may be asked by the car insurance company to send back the actual printed policy. Your car insurance company would send you a cancellation request form that you should sign and return to them.
I suggest that you examine the form carefully so to make sure that all information with regard to your policy is correct. Before doing all these, you have to make sure that you have a new policy in place before cancelling your old car insurance coverage. And if it happens that you don’t have a new car insurance provider yet, don’t waste time and find a great insurance company in Massachusetts by getting an online rate quote available from this website.
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