Can I Cancel my Car Insurance Anytime in South Dakota
Reader’s Question:
My boyfriend is paying so much on his car insurance premium in Sioux Falls, South Dakota. We are planning on canceling it and getting car insurance policy from another company. Now my question is can he do that? I mean can he just cancel it anytime he wants to? Aren’t there any penalties if he decides to cancel it now?
Celine
Sioux Falls, SD
From what I know, you have two options in canceling you auto insurance policy: at renewal time and anytime.
First, if you are going to cancel your car insurance policy at renewal time, the good thing about doing this is you don’t have to wait for a refund from your previous insurer. About 30 days before a new car insurance policy begins, you will receive a renewal notice from your insurer. If you decide on canceling your current policy, then you have to have a new policy by the time that your current car insurance policy renews.
Second, anytime. In general, car insurance companies allow their policyholders to cancel whenever they want to. In some companies, there is a penalty. However, what insurers usually do is that they prorate the policy to avoid penalties.
For additional information about canceling car insurance policy, it’s best to ask you auto insurance agent in Sioux Falls, South Dakota. If you are looking for affordable car insurance premium you could check the websites.
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