Switching Auto Insurance Companies In Florida - Cheap Quotes
There are many reasons you might be considering switching auto insurance companies. The most likely answer is that you simply found a Florida no fault insurance company that offers lower rates for the same amount of coverage. Another possibility is that a new job may help you qualify for a group discount, or it may simply be a matter of dissatisfaction with your current insurance company. Whatever the reason may be, you'll find that switching auto insurance companies is easier than you may think.
The main thing to keep in mind is that you should never drive without insurance, no matter what the reason. Some people try to save money, hoping they don't get into an accident, but why take chances? This is also true when you're switching insurance companies. Make sure you have your new policy in place before you stop your previous coverage.
This can save a lot of problems. Even if you don't drive, if you lapse in your insurance even briefly, it may raise your insurance premiums for the new policy. And if you do get caught without insurance, the penalties can be steep. To avoid this, some insurance companies require that you show some proof of your new policy as part of the cancellation process. This way the switch can be properly timed so that no gap appears in your insurance and your premiums are unaffected.
Cancelling your old insurance is also a lot easier than most people think. This is because of the illusion that these things require a lot of complicated paperwork. All it really requires is notifying your old insurance company in writing and specifying the date you want the old policy to stop. Some companies may require confirmation, the new agent to contact them, and verify that you will have insurance once they stop covering you. Some may ask you to send back the original policy as well.
Once you take care of cancelling your policy, the company will send you a cancellation form to sign and send back. Make sure you review it carefully, and all the information is current and correct. If you do not get this form within two weeks of sending in your cancellation letter, follow up immediately.
Don't assume that your letter alone will be enough. The company needs its own paperwork and if you don't send it in time, your old coverage may continue. Failure to stop it may result in the old company cancelling your policy for lack of payment and notifying the Department of Motor Vehicles. That can hurt your credit rating and even affect your new policy, so it is definitely something to avoid.
