, you shouldn’t be. You have plenty of options available to ensure you won’t have to pay more when you’d like to swap companies.
Start by reading over your policy’s terms and conditions or call your insurance company. While not all insurance companies charge cancellation fees, some do. Knowing this before you decide to switch can prevent any surprises.
From there, comparison shop. Your parents likely suggested shopping around because every company offers different rates. Even though you’re paying $300 with your current company, you won’t pay $300 everywhere.
from several companies, you can get an idea of your cost to switch to a new policy.
You will typically see three numbers in your quote. They are your monthly premium, down payment, and policy premium. The down payment amount will be the cost to switch policies.
If you’d rather leave the hard work of gathering quotes to someone else, use
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.