Is it bad to cancel car insurance?

+1 vote
asked Sep 22, 2019 in Insurance/Registration by Casro (410 points)
Is it bad to cancel car insurance?

1 Answer

0 votes
answered Sep 26, 2019 by Avarado (27,970 points)
There's nothing wrong or bad about canceling your car insurance through the insurance company if you're not satisfied with the insurance company or insurance policy.

You can cancel your car insurance with any company at anytime but just note that some car insurance companies may charge you an early cancellation fee if you cancel before your insurance policy term ends.

Also make sure that if you owe the insurance company money that you pay it up because if you cancel your car insurance and owe money to that insurance company then they can send your insurance bill to collections which could harm your credit.

I only cancel car insurance from one company and move to another car insurance company if I absolutely need too.

Also buying the cheapest car insurance is not always the best thing to do as cheaper is not always better.

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