There’s nothing more exciting than finding a deal on auto insurance and being able to lock in a great price for your vehicle. Perhaps the only thing more thrilling is finding out that there’s an even better coverage option through another insurance company.
Whether you decide to do business with GEICO, Liberty Mutual, or another provider, you’re going to need to cancel your Allstate policy sooner rather than later.
It might sound simple enough, but there’s an important series of steps to follow to ensure that Allstate Insurance cancels your policy and that you aren’t at risk of driving around without coverage. Even if you don’t take your car anywhere, simply having a lapse in coverage for a few days can affect your future insurance coverage.
When it’s time to find a new auto insurance policy, don’t waste time visiting dozens of websites and asking for quotes. Instead, head over to Insurify, where with a few simple clicks, you’ll be able to compare auto insurance premiums and determine which new policy is right for you.
At a Glance: What is Allstate’s cancellation policy?
Allstate Insurance Company wants to make its customers happy, and while ideally, no one would ever want to cancel a policy, the company understands that sometimes changes need to be made. If you are considering canceling your Allstate auto insurance, you’ll be pleased to know that you likely won’t be penalized for doing so. That’s right—Allstate typically doesn’t charge a cancellation fee, although some state laws do vary. In some cases, your Allstate agent may even be able to issue you a refund for any unused portion of your premium.
Step 1: Look up your renewal date
Many say that timing is everything, and when it comes to canceling your car insurance policy, it’s actually very true. While you can contact your local Allstate agent and end your coverage at any time, it’s essential to know when your renewal date is. Allstate makes this easy to find out, as you can use its online portal to log into your account, or you can call your agent’s office and provide them with your policy number.
Why does your renewal date matter? It’s typically easiest to cancel your policy toward the end of the policy period so that you don’t have to worry about paying for overlapping coverage or, even worse, going a few days without any insurance. If you can, try to cancel your Allstate policy right before it renews.
Step 2: Compare car insurance quotes
If you’re considering ending your coverage with Allstate, you’ll want to spend some time shopping around for another policy. However, an internet search for car insurance will bring up dozens of options, and who has the time to visit each company’s website or make phone calls to obtain a quote?
Insurify does the work for you by comparing pricing options from State Farm, American Family, and dozens more, allowing you to look at multiple quotes in one glance. Many people are pleasantly surprised to find that insurance premiums from other companies are lower than what they’re currently spending.
Allstate Quotes vs. Competitors
To give you an idea of what Allstate’s competitors charge for car insurance, here is a list of average quotes from our proprietary database:
|Insurer||Average Monthly Cost|
|21st Century GA Limited||$165.00|
Bear in mind that these quotes are based on averages. To find out how much other companies would charge you for car insurance, use Insurify. Insurify allows you to compare customized car insurance quotes from up to 20 companies at a time––for free!
Step 3: Think about why you’re leaving Allstate.
Just as there are a variety of specific needs when it comes to auto insurance, there are just as many reasons for someone to cease doing business with Allstate. It’s essential to consider exactly why you’re opting for different insurance coverage so that you’ll be better able to find a new policy that works for you.
Are you moving, and you’d rather work with an insurance agent that’s closer to your new home? Maybe you’re trying to trim your budget and are comfortable with having less robust coverage if it means you get to save money. Others find that they want to shop around for a company that can provide the best pricing on all insurance products, as many opt to bundle their auto coverage with life insurance and home insurance.
Step 4: Enroll in a new car insurance policy.
Once you’ve decided which new auto policy makes the most sense for your needs, you’ll want to enroll in it before your Allstate renewal date. Make sure to discuss the policy terms so that you understand precisely what kind of coverage options you’re purchasing, and write down your effective date as Allstate might ask for it when you cancel your policy.
At this point, you might be wondering why it’s suggested that you enroll in new coverage before you terminate your Allstate policy. While some state laws might differ slightly, in general, it’s illegal to drive without auto insurance. If you have any lapse in coverage, you may not be eligible for certain rates or discounts in the future.
Step 5: Cancel your Allstate auto insurance.
Thankfully, canceling your Allstate policy is relatively simple. Rather than calling 1 (800) ALLSTATE, you’ll want to reach out to your local agent directly to initiate the process. Your agent may discuss other options with you to try to keep your business, but since you’ve already purchased a new policy by now, you’ll be able to cancel with relative ease.
In some cases, your agent may ask that you submit a written request to terminate your policy. It can sometimes take a few days before your request is reflected on your account, so it wouldn’t hurt to keep an eye out to ensure that your cancellation is processed, and you won’t be subject to future charges.
Step 6: Follow up on your refund.
Remember how we mentioned that you will want to cancel your Allstate policy as close to your renewal date as possible? It’s because, in most cases, you’ll be eligible for a refund when you terminate your policy, and it’s easiest to process this refund when you’re right about to hit your renewal date.
Your Allstate agent can give you more details about your refund, but make sure you follow up to ensure that you receive it. Individuals who pay their policies well in advance may be able to get hundreds of dollars in return based on your cancellation date. Even if you opted for a month-to-month payment plan with Allstate, you might be able to receive some of your money back.
Allstate Car Insurance Cancellation: Quick Questions
Can I cancel my Allstate policy online?
While Allstate has made it easy for policyholders to manage their account both online and through a mobile app, you can only cancel your policy by calling your local agent. He or she may be able to complete the process over the phone or could request your cancellation in writing.
Does Allstate have a cancellation fee?
Most customers can cancel their auto policy at any time free of charge, although it’s best to check with your local agent as state laws can vary. If you do live in an area where early cancellation fees apply, you have an even stronger incentive to wait until right before your renewal date to make changes.
Am I required to have insurance through a new company before I cancel my Allstate coverage?
You’ll still be able to cancel your Allstate policy whether you have new coverage or not, but it’s important to remember that your future insurance premiums are in part based on the length of your continuous coverage. It’s recommended that you secure insurance from a different carrier before you make any changes to your Allstate policy.
Conclusion: The best way to compare and save on car insurance
Shopping for auto insurance doesn’t have to be time-consuming or frustrating, as Insurify allows you to compare rates, coverage options, and more in a matter of minutes.
Before you cancel your policy with Allstate, make sure to do some research to find a new policy that meets your needs and fits within your budget.