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How long do you have to cancel car insurance?
I'm selling my car and will need to cancel my car insurance. How long do I have to cancel it?
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
However, if you’re selling your car, you should wait until you have transferred over ownership and the title to the buyer. If you cancel your insurance before that, you could end up paying out of pocket for an accident since you have a lapse in your insurance coverage. Additionally, some
car insurance companies
charge cancellation fees when you cancel.To find out what your car insurance company’s rules are, contact them directly. They can provide you with more guidance on cancelling your policy after you sell your car.
If you need insurance for a new vehicle, don’t hesitate to check out the
Jerry
app. Sign up in minutes to compare quotes from over 50 insurers to get the best rates for your new car.View full answer
- Gregory R.
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