Insured persons have the right to cancel their insurance policy at any time.
Liberty Mutualmay also charge a reduced fee that normally amounts to 10% of the value of the policy. Liberty Mutual allows you to cancel your policy at any time, but you may be charged a cancellation fee depending on where you live. Depending on how you paid for your car insurance plan and where you live, Liberty Mutual may owe you a refund.
This refund will be made for any unused portion of your premium. While the company should send you the funds a few weeks after the official cancellation, you may have to wait a little longer. Most companies don't charge any fees for canceling car insurance. However, if you cancel before the renewal period, you may be subject to paying a percentage of your annual fees.
State laws determine how much an insurance company can charge to cancel a policy, so confirm with your agent how much it will cost you before you decide to cancel it. Once you've used Insurify and signed up for a new plan, it's time to cancel your Liberty Mutual insurance policy. If you like Liberty Mutual coverage, but the rates are too high, there are a few ways you can lower your rates and keep your coverage. Instead, you'll need to call customer service at 1 (800) 658-9857 to complete the process with a Liberty Mutual agent.
Liberty Mutual may charge customers in some states a cancellation fee for canceling their coverage in the middle of the policy, depending on state insurance regulations. Take a look at this chart to compare Liberty Mutual's average car insurance rates by type of coverage with those of other major companies. You cancel car insurance after selling a car when you give the title to the new owner, but you don't cancel it if you plan to buy a new one soon. State insurance laws determine when and how much an insurer can charge to cancel car insurance, so confirm the costs with your company before you cancel.
There are many reasons why you should understand Liberty Mutual's cancellation policy, such as selling your car or finding cheaper coverage with another company. You'll need to provide basic information about yourself, your Liberty Mutual policy number, and the date you want your policy to end. When you cancel your Liberty Mutual car insurance plan, the state in which you live will determine if you will have to pay a cancellation fee. However, this doesn't mean that you have to stick with your Liberty Mutual car insurance policy forever.
Some insurance companies request a formal cancellation letter, which you can send to your old insurance agent. While you can cancel Liberty Mutual insurance at any time, you may be charged a fee for canceling your policy early. It's usually easiest to change your car insurance company at the time your policy is renewed, but if you choose to switch in the middle of the policy, your current insurer will normally reimburse you for unused premiums, less cancellation fees.