answersLogoWhite

0

Is it okay to switch insurance companies?

Updated: 8/16/2019
User Avatar

Wiki User

6y ago

Best Answer

It is certainly okay to switch insurance companies if it is in your best financial interest. We are a capitalist culture, after all. Everyone should shop around for what's best for them. But be careful about not paying your premium because you believe you've got a new carrier. For instance, you go into a State Farm office, fill out an application, throw away your premium notice for Farmer's - only to find out that State Farm turned down your application. Farmer's could technically drop you for non-payment of premium. Usually, it's best to pay up on your premium, obtain your new insurance, and then contact your old carrier for any reimbursement.

User Avatar

Wiki User

6y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is it okay to switch insurance companies?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If you told an insurance company about an out-of-state ticket they may not have found out about could you switch companies and get a lower rate?

== == NO. The ticket is now on your insurance record, which is open to all insurance companies to look at. No advantage in changing now.


When you switch Home Insurance companies is the previous company still on the hook for a previous claim?

Yes.


Can I switch car insurance companies if my policy isn't up yet?

Yes. If you prepaid for your policy, your insurance company will refund any unused portion.


What are the types of insurance companies?

There are two types of insurance companies: life insurance companies and casualty and property insurance companies.


What are the advantages in getting short term insurance?

The advantage of short term insurance is that it is, like the name states, short term. You are free to switch insurance companies frequently instead. Short term insurance can also be cheaper.one


Where could one go to find information how how to switch car insurance companies?

The best way to find information on switching car insurance companies would be to speak with an agent or broker. The broker could run quotes and determine if switching companies would save money.


How many insurance companies are there in cambodia?

There are six insurance companies in Cambodia.


What are some insurance companies that have motor trade insurance?

There a variety of insurance companies that offer motor trade insurance. Such insurance companies include Allstate, Statefarm, and Motor-Trade-Insurance.


What insurance companies offer cheaper travel insurance?

There are dozens of insurance companies that offer travel insurance. One of the most popular travel insurance companies is Travelex Travel Insurance.


What are some guranteed insurance companies?

There are quite a number of various insurance companies that can be considered guaranteed insurance companies. Some examples of these companies are AARP and Patriot National Insurance Group.


Which insurance companies are headquartered in Ohio?

There are 256 insurance companies based in the state of Ohio. These 256 companies include American Share Insurance, Westfield Insurance, and Progressive Insurance Corporation.


What happens when you switch insurance companies after a policy expires?

Nothing of any consequece happens at all except that you now insured by a different company.