Most insurance companies will refund any part of your premium that’s unused.
It’s likely that the insurer may ask for a written request of the cancellation, so be prepared to do so when asked. If that happens, it’s either by a letter or email.
It’s easy to forget to ask for confirmation of the cancellation. Make sure to request this in case anything goes wrong during the processing of the cancellation.
Who to contact after
Once you’ve finished with the insurance company, you will still have to contact the following:
- Lienholder – If you’re still making payments on your car, sometimes it’s necessary to maintain certain kinds of coverage on your vehicle, such as comprehensive and collision
- Financial institution – Ensure that you stop any future scheduled automatic payments
- Your state’s DMV – You should always contact your state’s motor vehicle department. Depending on where you live, you might have to inform them of the cancellation and even have to turn in your car’s license plates and registration tags