How much does it cost to cancel my car insurance policy?

I sold my car, and I don’t need car insurance anymore. How much does it cost to cancel my car insurance policy?

Answer
Sounds like you’re cutting some costs by selling your car.
Some car insurance providers will charge a cancellation fee when you cancel your policy. The cancellation fee could be up to $50, but it will vary based on your provider. Other providers may charge you a percentage of the remaining insurance policy that you have left.
Make sure you inform your insurance provider that you want to cancel your insurance. Note that some providers may require a notice period of up to 30 days in advance. Check with your insurance agent or refer to your policy to know what to expect before you cancel your policy.
If you find that you need car insurance again in the future, shop with Jerry. Jerry will help you find a policy that works for you, and then their helpful agents will take care of all of the paperwork and phone calls for you—so you get the coverage you need with none of the hassles.
Grace Cho
Answered on Nov 10, 2021
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