Do car insurance companies allow you to cancel your policy mid term?

I'm halfway through my annual policy. I found a better rate for insurance and I want to switch companies. Can I cancel my current policy mid term?

“Every car insurance company will let you cancel your policy midterm, but some may charge a cancellation fee for doing so.
Typically, it’s a flat fee to end coverage. If you paid in full, you’ll likely get back your unused premium or a prorated amount minus the cancellation fee. If you pay monthly, it will be an additional fee owed to the company at cancellation.
You can reach out to an agent directly or review your policy declaration page or documents to determine exactly what you might pay in fees.
If there is no fee attached to your cancellation, make sure that your policy cancellation matches the date you start the new policy. But before you pull the trigger, make sure to sign up with jerry.aiJerry. Compare rates in less than a minute from over 50 insurers and find the best rate. Jerry will even cancel your old policy and switch the insurance so you don’t have to. It doesn’t get much easier than that.”
Emily Maracle
Answered on Sep 10, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

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