Ask an Agent
Have a question? We're here to help.
Ask an agent for free

If I cancel a policy less than 24 hours after starting it, will I get a refund?

I started a policy yesterday but it did not include an SR22 and I need one to keep my license valid. My husband was shopping around and found a better rate with a different company that also offered an SR22. If I cancel the other policy and go with the new company, will I get my down payment back?

Jul 3, 2017 Fort Lauderdale, FL

Neil Richardson

Jul 3, 2017

The state of Florida requires that insurance companies refund at least 90% of the unearned premium paid by a customer if they receive a request to cancel. There are instances where a company may include the policy's fees within the first month so your refund can vary depending on which company you're with. Your best bet would be to contact your insurance company as soon as possible to request a cancellation and they can tell you exactly the amount of refund you can expect to receive from your down payment.

Related Questions
Other people are also asking...

Should I cancel my policy if I sold my vehicle and won't be getting another car for a month?

Canceling your auto insurance when you sell a vehicle sounds like a good idea until you realize the potential pitfalls of doing so. While it may not make sense to maintain auto insurance when you no longer own a vehicle, consider the fact that you still have to have insurance to test drive a vehicle that you are thinking about purchasing.
Mar 9, 2016 Lincoln, NE

Can I get an SR22 when I don't own a car?

In the event that your state has suspended your license and requires that you have an SR22 then you will need to purchase an auto insurance policy. For people who do not own a car but are required to carry an SR22 then the solution is a non-owners insurance policy.
Mar 3, 2016 Terre Haute, IN

Does having car insurance build credit?

You are correct that, in the majority of states, credit has an impact on your overall rate. However, maintaining car insurance and paying your bill on time will not result in a significant impact on your credit score like making timely credit card payments.

Compare insurance rates today!

Location pin icon
No junk mail. No spam calls. Free quotes.
Ask an Agent
Have a question? We're here to help.
Ask an agent for free