Liberty Mutual customers will receive a refund for unused premiums, less the cancellation fee. Compare quotes from top companies and save Marissa Hayes is a technical editor and contributing writer. She has a degree in history and was editor of the literary magazine The Bluestone Review. Reviewed by Daniel Walker Licensed Insurance Agent There are many reasons why you need to understand Liberty Mutual's cancellation policy, such as selling your car or finding cheaper coverage with another company.
While you can cancel Liberty Mutual insurance at any time, you may be charged a fee for canceling your policy early. However, you will receive a refund if you have paid in advance. Liberty Mutual is one of the largest auto insurance companies in the U.S. UU.
And it has provided coverage for more than 100 years. The company gives drivers confidence in its products, so you may not want to cancel but may need cheaper rates. We can also help with that. Read our Liberty Mutual car insurance review to learn more about the company and the coverages offered.
If you cancel Liberty Mutual insurance, you must have new coverage. Compare several car insurance companies to find the best coverage with the lowest prices. Read on for Liberty Mutual's cancellation policy. If you're ready to look for new coverage, enter your zip code to compare free auto insurance quotes from companies in your area.
Liberty Mutual allows you to cancel your policy at any time, but you may be charged a cancellation fee depending on where you live. You can also contact your local agent and fill out an insurance cancellation form with your policy information. While there are many reasons to cancel Liberty Mutual car insurance, high rates are the most common. We can show the average rates of some of the country's top auto insurance companies for comparison.
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. Liberty Mutual has the most expensive average rates, regardless of the type of coverage. The good news is that there are ways to lower your rates. If you've had a life change, such as a move, the sale of your car, or a change in marital status, you don't have to cancel Liberty Mutual insurance.
Instead, simply update your policy information. However, keep in mind that your rates may also change. If you decide to cancel Liberty Mutual, you can follow a few steps to make the process as simple as possible. You must have new coverage before your Liberty Mutual policy ends.
According to the Insurance Information Institute, an interruption in car insurance can result in fines, the seizure of the car and the suspension of the driver's license. A lapse in coverage can also result in higher car insurance rates when you get coverage again. That's because insurance companies like to see continuous coverage and charge higher rates if you have a period of no coverage. 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.
Auto insurance discounts are a great way to save money. Liberty Mutual offers several discounts depending on the driver, vehicle and policy. Combine them for the most significant savings. This table shows Liberty Mutual auto insurance discounts.
The amount of savings appears in the list, if available. Another way to save is to reduce coverage and increase deductibles. So while you'll have to pay more out of pocket if your car gets damaged, your overall rates will be lower. Try Liberty Mutual's RightTrack to lower your rates.
RightTrack monitors driving behaviors, such as mileage and night driving, and offers a discount of up to 30% for safe driving. Liberty Mutual's cancellation policy allows you to cancel coverage at any time. However, you may be charged a fee for canceling your policy early. You don't have to cancel Liberty Mutual if you moved, bought a new car, or changed your marital status.
So update your policy instead of canceling it. If Liberty Mutual rates are too high, take advantage of discounts, reduce coverage and increase deductibles to save money. Since most states require at least a minimum amount of insurance, make sure you have new coverage before canceling Liberty Mutual car insurance. Now that you know how to cancel Liberty Mutual, you're ready to buy new car insurance.
Enter your zip code to compare free auto insurance quotes from companies near you and find the best deal. At Insurantly, we focus on providing useful information about car insurance to help our visitors find the best policy. If you cancel your Liberty Mutual car insurance policy, you'll receive a refund of any premiums you've already paid. Liberty Mutual doesn't allow the cancellation of policies online, so there won't be an option to cancel your coverage through your online account.
Other insurers allow online cancellation. Just remember to buy a replacement insurance policy that takes effect before cancellation to avoid an interruption in coverage, if you plan to continue driving. However, don't be surprised if Liberty Mutual tries to charge a cancellation fee; your state's law may allow it. Like other large auto insurance companies, Liberty Mutual doesn't charge a cancellation fee to most customers.
Once you've considered the pros and cons of canceling Liberty Mutual car insurance, it's easy to cancel your policy without penalty. When the interactive voice response system prompts you, say “cancel the insurance policy” and then “automatic” if you are going to cancel your car insurance policy. Liberty Mutual makes it easy for customers to manage their policy, cancel a policy and adjust coverage. If you want to change your car insurance, make sure you have your new insurance in place before you cancel your current policy.
If you have already paid the premium for the policy period in full, Liberty Mutual will reimburse you for the unused portion, less cancellation fees. In addition, if you cancel your current policy to switch to another company, be sure to activate the new policy before canceling the old one. Or, Liberty Mutual can deduct this charge from your reimbursed premiums, for example, if you prepaid for car insurance. 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.
If you pay your car insurance in advance within 6 or 12 months, for example, and then cancel your car insurance in the third month, then you're entitled to a refund of all premiums paid on dates after the cancellation date. To cancel your Liberty Mutual car insurance without paying a cancellation fee, contact the company by phone or log in to your online account control panel. .