Unswitching auto insurance?

Question

Hi, I cancelled my auto/home insurance today with my very long time provider to save money with a new company. I'm thinking I made a mistake as the new company keeps thinking of something they missed and putting up the amount and they don't have accident forgiveness like my current company. Can I UNDO the cancellation? Or is it too late?

Answer 1

~Why would you ask me that? I didn't write either policy and wasn't involved in the cancellation. Easy answer is yes, of course you can assuming they (the old company) agrees to insure you. The rates might be higher as they could (should) treat you as a new policy holder and disregard and safe-driver record you have built up with them. But hey, why talk to your agent about this - what would he/she be able to tell you that I can't? Duh.

Moral: next time you try to save a buck, be sure you know how much it will cost you in the end.

Answer 2

IF the cancellation hasn't been entered, you probably can. However, if it is like here, and the auto cancellation is entered in the computer, what's done is done. If I do a cancellation in my office, the person starts to walk away, turns around and says "I've changed my mind", I can have the cancellation reversed. If he leaves the office, and changes his mind, it becomes a reactivation, and a cancellation penalty is still paid (unless it was a cancellation on a renewal that hadn't taken effect). Home insurance cancellations are sent in by mail, or courier, and the person could very well call back to find we still have it in the envelope. Come and initial that the cancellation is not wanted after all and we just drop it in our file for record.

Answer 3

Haha, this same thing happened to me. I had been with Company A for several years, had my home and all vehicles through them. I was buying a new home and they were high on the homeowners premium. My daughter-in-law works for Company B, a large well known company, and I thought I'd give them my business. Company B's agent was a total idiot and was coming back with things he had forgotten the day before closing on my new house. So I told him to go pound sand, and I called up my old, trusted agent to see about reinstating my coverage. Turns out she hadn't cancelled anything yet, because this happens a lot according to her, and most people end up coming back. I picked up right where I left off with no break in coverage. Turns out the homeowners quote was given by a rookie and she quoted it too high by mistake.

Call your old agent, maybe it's not too late.

Answer 4

if you only did it today heck yes..... most companies give you anywhere from 7 to 30 days. Your current company will more than likely bend over backwards to take you back. Plus, if your current policy never cancelled, then the new policy would have been "duplicate coverage" in which case they will have to go back and void out the policy and give you ALL of your money back. That is state law in MANY states, if not all of them. If you need more help fell free to call or email.

Answer 5

Call your old agent (sounds like Allstate) and ask to have the policy reinstated. They should be more than happy to oblige.

Unfortunately, some insurance agents can be misleading. These agents assume the best case senario for you on the quote, which wets your appetitte thinking your going to save money. Then, as the agent begins to put in your actual, real information the premium starts rising. It's very simaliar to the "bait and switch" trick in autos sales and I think it should be illegal.

Answer 6

The best thing to do is to call your insurance agent right now and see what he/she says. If you act soon enough, it may work out for you. good luck.

Answer 7

call your insurance company and find out.

Answer 8

JUST CALL THEM BACK UP AND ASK.