car insurance renewal gone up

Do I need to wait for my current insurance policy to expire before I go with a new company?

I want to switch to a different insurance company for my cars & house (currently with State Farm) but I have a while until my current policy is up for renewal/expiration. Can I cancel my current State Farm policy at any time without paying any type of fee? I am waiting to hear back from them on a different issue, so I will ask later, but figure I will ask Yahoo! in the meantime.

It depends on your state. Some states do not allow a cancellation penalty.

I recommend calling State Farm’s customer service toll-free number. I have tried having people call their current agent, but sadly, the results were mixed. Some agents know their policies well, but others just assume there must be a penalty without really checking it. That’s why I ask them to call their company’s customer service department instead of their agent.

If they are in my office at the time, I make the call for them, hand them the phone to verify their identity and give consent for the customer service rep to answer to me, and then I ask the questions for them. If you’re uncertain what to ask the company, then ask your new agent if he or she will help you with this.

The result is that I have some people switch to my agency immediately and cancel their old policies; and I have others wait until renewal.

No matter what exactly are we planning to buy, all of us have a tendency to discover the cheapest possible solution for our requirements. So, the very same applies to purchase Automobile Insurance.