State Farm Auto Insurance won’t let you cancel a car until they know it’s insured by another company?
Is this true? Anything in their policy like this?
Posted in: Auto Insurance Policy.
Tagged: another · Auto · cancel · company · Farm · Insurance · insured · it's · know · State · they · until · won't
It may not be State Farm, it may be a rule/regulation set by your state. The state may be requiring all cars be insured and this is the way they do it. Just a guess.
sounds like misinformation, stop paying them and see how long they keep you insured
State Farm, on its own, would not do so. Any regulation concerning such a situation would be based upon your specific state statutes.
it may not be a State Farm requirement, the agent might require it. Lots of times agents do it to protect themselves to make sure once they cancel your insurance you don’t get in an accident before getting a new policy and then call them saying “no i didn’t want it cancelled.” But all they really need is a signed not from you saying you want to cancel your policy, policy # and the date you want to cancel. They may be trying to get a copy of your new policy to try to compare and give you a quote close to what you are changing for. and in some cases they are curious as to how much you are now paying. They do have to cancel your insurance for you, on the date of the new policy. You (anyone) cannot have 2 policies on one auto. good luch
No, that is not true.
Check with your state laws.
Not exactly.
Cancellation procedures are mandated by state law. So, the guidelines on how/when you can cancel, are set by the state, not the insurance company.
Generally, if you want to cancel insurance on a car, without getting new insurance for it, all you need to do is take the tags off it, and turn them in to the DMV. The DMV will give you a receipt, to show the insurance that it’s no longer registered for road use, and then they should be willing to cancel that car from the policy, no problem.