Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
You can apply for an automobile policy and then cancel it at any time. The premium would generally be a prorated portion of the annual or semi-annual premium. Some companies will charge a cancellation fee and other use another calculation rather than prorate which will penalize you for cancelling before the policy is expired.
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Do you need car insurance for a week? A month? Six months? You can purchase coverage from a licensed company and terminate the policy at any time. It's best to notify the carrier and broker of your intentions and monitor the refund that will be sent. It is possible a pro-rated or short-rated amount will be sent.
LIVE answer provided by: Ed Harris - Premier car insurance broker for 33 years! Wow. That IS a long time!
LIVE answer provided by: Ed Harris - Premier car insurance broker for 33 years! Wow. That IS a long time!