State Farm has no cancellation fees. Cancel your State Farm insurance policy by phone, by mail, or in person. Make sure your new insurance starts before your State Farm insurance ends, or coverage is interrupted. State Farm generally doesn't charge a cancellation fee.
2 However, it's wise to read the policy documents or ask your agent if you're subject to a fast fee. Calculating the short rate adds a percentage to your premium and then you'll pro rate what you owe from that higher amount. While this isn't a cancellation fee, in and of itself, it means that you pay more. This practice is only legal in certain states and only applies when you cancel your medium-term policy.
If you decide to cancel, know how much time is left on your policy. Some companies charge cancellation fees, while others may offer a refund if you meet certain requirements. In general, State Farm does not charge cancellation fees. You can find the contact details of State Farm agents using the insurer's online tool, or you can call 800-STATEFARM if you only cancel car insurance.
In addition to State Farm charging no fee for canceling auto insurance coverage early, the company reimburses the unused balance of prepaid premiums. In addition, take out your new insurance before you cancel to avoid a potentially costly interruption in coverage. Keep in mind that some states require drivers or insurance companies to inform the DMV of any cancellation or change in insurance coverage. Usually, the entire unused premium will be refunded, although some insurance companies will charge a fee if it is canceled in the middle of the policy term.
State Farm requires customers to cancel their insurance policy through their individual State Farm insurance agent. And if you're currently insured by State Farm, the first step will be determining how to cancel State Farm car insurance. You can also cancel your State Farm insurance by phone or in person by calling or visiting a local agent. Just make sure you know that you'll lose all the discounts available for combining insurance with the company if you cancel just one of your policies.
If you have a home and auto insurance package and you cancel one of your policies, this decision could make the others more expensive. If you change your car insurance provider, make sure you have another policy in place before you cancel. You should have that insurance documentation ready before you cancel your State Farm coverage, only in the event of an accident or if you are stopped. To cancel your coverage, you'll need to provide certain information, such as your name, date of birth, and insurance policy number.
State Farm may request proof that you sold your car or obtained an insurance policy from another company when you cancel.