I'm going to switch auto insurance companies, can I get a refund?

I'm going to switch auto insurance companies, can I get a refund?

I'-m switching auto insurance companies due to poor services. I haven'-t paid anything in full, but I paid a down-payment of $200 on jan. 24th and my first payment on feb. 15th which was $127. I just added another car a couple of days ago with a down-payment of $150. So if I switched insurance companies would I be entitled to a refund atleast for the second car I added?

mbrcatz

Likely not. You could actually end up owing money to the insurance company.See, you didn't pay very far ahead, at all - and when you cancel your policy, most of the time, you get a short rate cancellation (depending on what state you live in) and can also be subject to a cancellation fee.If you'd paid six months up front, then yes, you'd get money back. But I'd bet, you'll still be owing them money.

HGCity

It largely depends on the overall 6 month or annual premium you are paying. If you cancel your policy now you could get a prorata refund, but again, it depends on how much you paid vs. how much is owed.Let's say your 6 month premium for car insurance is HGCity

It largely depends on the overall 6 month or annual premium you are paying. If you cancel your policy now you could get a prorata refund, but again, it depends on how much you paid vs. how much is owed.Let's say your 6 month premium for car insurance is $1000. You paid 300 initially and in month 2 you paid 200. If you cancel at the end of month 2, your premium owed would be 333.333 and you would be refunded the 500-333.33 = 166.67.Check and see what you paid, how much is owed and when you plan on canceling your coverage. That should give you a better idea of how much you'll be getting back.

000. You paid 300 initially and in month 2 you paid 200. If you cancel at the end of month 2, your premium owed would be 333.333 and you would be refunded the 500-333.33 = 166.67.Check and see what you paid, how much is owed and when you plan on canceling your coverage. That should give you a better idea of how much you'll be getting back.

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